“Rodríguez Valladares added that the U.S. banks are exposed to more indirect risks through its equity trading and foreign exchange businesses, adding that Chinese risks are prevalent in their U.S. business loans too. Domestic businesses that work with China through their supply chains may be harmed by the economic slowdown.

“These interconnections shouldn’t be understated, and its hard to get a number because these interconnections are not so visible,” Rodríguez Valladares said.”