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Bank stress test results released

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Comments

  • purch
    purch Posts: 9,865 Forumite
    Generali wrote: »
    Herstatt Bank went bust but rather unfortunately chose to go bust on a day when many FX trades were settling.

    Ah ha, the old dealing slips in drawer story.

    "i've done a Herstatt"
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    UserJong wrote: »
    these tests are always designed to be just up to the limit of where the banks would fail, they are not true tests.

    How would the ECB know when the banks would fail? They've no insight into the banks individual balance sheets.
  • michaels
    michaels Posts: 29,261 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Thank goodness now we have had these stress tests we can be confident in the banks :rotfl:

    http://www.bbc.co.uk/news/business-30153633
    I think....
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    michaels wrote: »
    Thank goodness now we have had these stress tests we can be confident in the banks :rotfl:

    BOE will announce results of it's own stress testing next month.
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