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Realistbear

Europe Weakens Bank Stress Tests

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http://uk.finance.yahoo.com/news/Europe-weakens-bank-stress-tele-2377149880.html;_ylt=ApqK8wElYAEfjVPUl04aWb7Sr7FG;_ylu=X3oDMTE4OHR2ZmdjBHBvcwMzBHNlYwN5ZmlUb3BTdG9yaWVzBHNsawNldXJvcGV3ZWFrZW4-?x=0

Europe weakens bank stress tests
Ben Harrington, 6:47, Wednesday 9 March 2011
European regulators have weakened important parts of stress tests for banks, which were created to increase investor confidence in the sector.
German newspaper Handelsblatt published the new data points for the tests designed by the European Banking Authority (EBA), whose chairman, Andrea Enria, recently said that he was determined to make the stress tests more credible and use them to encourage widespread injection of fresh capital into Europe’s weaker banks.
The weakening of the stress test comes despite widespread criticism of a similar exercise last year, which was seen by financial markets as too soft on the banking sector.
Indeed, some of the scenarios under which bank balance sheets will be examined are less threatening than the tests that failed to gain investor credibility last year
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:lol:
:lol:
:lol:
*

Under the Misrepresentation Act such statements would be considered as fraudulent if it could be shown that the statements were intended to deceive. If such an intention could not be proven the statements would be negligent.

Lawlessness abounds as these Banksters create their own rules under which we now live. There is only one solution: close your account and move it to a credit union or mutual society (Nationwide??).

* :o:o:o

Edited by Realistbear

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Lawlessness abounds as these Banksters create their own rules under which we now live. There is only one solution: close your account and move it to a credit union or mutual society (Nationwide??).

I did just that. I only have my ISA with Lloyds now, and that will be moved ASAP.

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  • 309 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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