Saturday, May 09, 2009
First Moodys now the FSA
This Money: Building society fear as FSA tests mutuals
Moodys downgraded 9 lenders on "the assumption now being 40% falls" but stress tested for 60%. Now "The City watchdog has launched a second round of financial 'stress tests' on building societies, following on from their downgrading by ratings agency Moody's last month".
'More broadly, the key question the FSA expects the senior management of a firm to be able to answer is: what are the circumstances under which your firm will fail?
Should make interesting reading, will it get made public?
Does anyone know why This Money has removed the Moodys downgrades from the info on each lender in their "How Safe is your Bank" build soc section? It was there a few weeks ago but seems to have been taken off, why?
Posted by sybil13 @ 05:07 PM (326 views) Add Comment
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