But there are three reasons to take part in the EU exercise. First, UK banks are currently seeking to raise their capital ratios by rapidly deleveraging. This is having a negative impact on the real economy. If banks had more capital, there would be a lower risk of a renewed credit crunch. http://blogs.reuters.com/columns/2011/10/07/uk-should-participate-in-eu-bank-recap-exercise/
Friday, 7 October 2011
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