Friday, 7 October 2011


UK should participate in EU bank recap exercise

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/

EU bank watchdog faces big credibility test