Bank of England
Taken To The Cleaners
The following, written exclusively for The Cobden Centre, is by Dean Buckner (Life Insurance and Pensions Department, Bank of England) Introduction Should regulators…
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The 2017 Stress Tests: Are US Banks Really in Good Shape?
“… 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…
Read MoreThe Bank of England’s incredible stress tests
The Bank of England’s 2016 stress tests are literally incredible. Of the seven big financial institutions covered in the exercise, only one (RBS) failed…
Read MoreAnother Reason Not to Believe the Bank of England’s Stress Tests
The Bank of England repeatedly reassures us that its stress tests demonstrate the resilience of the UK banking system. Well, let’s put the…
Read MoreTHE FICTION OF THE ‘GREAT CAPITAL REBUILD’
The 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…
Read MoreCobden Centre Senior Fellow Detlev Schlichter at the Treasury Select Committee
You 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…
Read MoreMerry Christmas from TCC: Treasury Select Committee to examine low interest rates
Next year there will be a parliamentary enquiry into the effects of ultra low interest rates and other mechanisms of radical monetary policy. It…
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A history of Fractional Reserve Banking – or why interest rates are the most important influence on stock market valuations? Part 2
Source: 1propaganda.com Central banks appear more powerful than at any time in their history – has something changed? Not really – because of…
Read MoreDoubtful
“Sir, Martin Wolf writes: “It may be hard to avoid crises but it is vital to make them both small and rare.” (“In the…
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