The Chain Reaction Is Now In Process
Much has been written about the economic consequences of Covid-19, yet, just as in many of the analyses of the Great Depression and the…
Read MoreBank of England
Can UK Banks Pass the COVID-19 Stress Test?
Eumaeus 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…
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Treascomm: Steve Baker, Mark Carney and the Future of the Monetary System
Interview on the Bank of England’s independence 20 years on
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…
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