As Lloyds Bank shareholders found out on Friday, when the Old Lady finally warns you about eurozone peripheral exposure — you listen.

So feast your eyes on these Bank of England data on changes in the foreign claims of UK-owned banks during Q3 2010, which were also released on Friday (click chart to enlarge, figures in US$, red highlighting ours):

UK banks had $131.6bn and $104.7bn in foreign claims exposure to Ireland and Spain respectively at the end of Q2 2010, based on the current BIS data. (Data BIS claim are way better than those used in the stress tests.)

One wonders what Q4 2010 brought.

Related link:
BIS wars over Ireland - FT Alphaville

This entry was posted by Joseph Cotterill on Friday, December 17th, 2010 at 15:55 and is filed under Capital markets. Tagged with bank of england, eurozone, ireland, peripheral exposure, UK banks. Edit this entry.