The Chain Reaction Is Now In Process
byMuch has been written about the economic consequences of Covid-19, yet, just as in many of the analyses of the Great Depression and the…
Bank of England
Can UK Banks Pass the COVID-19 Stress Test?
byEumaeus is pleased to release our report Can UK Banks Pass the COVID-19 Stress Test? on the dire state of the UK banking system as the…
Taken To The Cleaners
byThe following, written exclusively for The Cobden Centre, is by Dean Buckner (Life Insurance and Pensions Department, Bank of England) Introduction Should regulators…
The 2017 Stress Tests: Are US Banks Really in Good Shape?
by“… equally efficacious, and equally a hoax.” – Benjamin Disraeli, 1848[1] One of the highlights of the U.S. summer for Fed watchers is the annual ritual…
The Bank of England’s incredible stress tests
byThe Bank of England’s 2016 stress tests are literally incredible. Of the seven big financial institutions covered in the exercise, only one (RBS) failed…
Another Reason Not to Believe the Bank of England’s Stress Tests
byThe Bank of England repeatedly reassures us that its stress tests demonstrate the resilience of the UK banking system. Well, let’s put the…
THE FICTION OF THE ‘GREAT CAPITAL REBUILD’
byThe central element of the Bank of England’s narrative on the UK banking system is the ‘Great Capital Rebuild’. To paraphrase Governor Carney’s comments…
Cobden Centre Senior Fellow Detlev Schlichter at the Treasury Select Committee
byYou can see Cobden Centre Senior Fellow Detlev Schlichter’s insightful and pertinent contributions at the Treasury Select Committee’s enquiry into the “Effectiveness and Impact…