Bank Stability Re_Think
Published / Last Updated on 27/10/2008
Bank Stability Re-Think
The Bank of England has published its twice yearly Financial Stability Report and suggested that there is a “need for a fundamental rethink of how to safeguard against systemic risk”.
In short, we suggest a major rethink on capital adequacy and stress testing positions of banks and a major overhaul of both regulation and how banks make credit available.
The report suggested that 1.2m homeowners are likely to fall into negative equity in 2009 and that Banks globally had lost £1.8 trillion. Yes, that’s right £1.8 trillion!
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