How strong are British banks?
31 July 2020
SUGGESTED
Healthcare
28 July 2020
Monetary Policy
Tax and Fiscal Policy
19 November 2024
and can they pass the Covid-19 stress test?
Summary
- The Bank of England maintains that UK banks are strongly capitalised.
- The evidence from banks’ share prices and market values contradicts this claim.
- Banks are more fragile now than they were going into the last crisis.
- The Bank of England’s failure to ensure the resilience of the banking system suggests a need for radical reform that does away with the regulator.
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