{"id":21325,"date":"2016-06-30T20:11:35","date_gmt":"2016-07-01T01:11:35","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21325"},"modified":"2016-06-30T20:11:35","modified_gmt":"2016-07-01T01:11:35","slug":"deutsche-bank-poses-the-greatest-risk-to-the-global-financial-system-imf","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21325","title":{"rendered":"“Deutsche Bank Poses The Greatest Risk To The Global Financial System”: IMF"},"content":{"rendered":"

“Deutsche Bank Poses The Greatest Risk To The Global Financial System”: IMF<\/a><\/h3>\n
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Over three years ago we wrote “At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World<\/a>” in which we introduced a bank few until then had imagined was the riskiest in the world.<\/div>\n
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As we explained then “the bank with the single largest derivative exposure is not located in the US at all, but in the heart of Europe, and its name, as some may have guessed by now, is\u00a0Deutsche Bank.\u00a0<\/strong>The amount in question? \u20ac55,605,039,000,000. Which, converted into USD at the current EURUSD exchange rate amounts to $72,842,601,090,000….\u00a0 Or roughly $2 trillion more than JPMorgan’s.”<\/p>\n

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So here we are three years later, when not only did Deutsche Bank just flunk the Fed’s stress test for the second year in a row, but moments ago in a far more damning analysis, none other than the IMF disclosed that Deutsche Bank\u00a0poses the greatest systemic risk to the global financial system,<\/em>\u00a0explicitly stating that the German bank “appears to be the most important net contributor to systemic risks<\/strong>.”<\/p>\n