Research

How strong are British banks?


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Trade, Development, and Immigration

and can they pass the Covid-19 stress test?

https://iea.org.uk/wp-content/uploads/2020/07/How-Strong-Are-British-Banks.pdf

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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Dr Dean Buckner is an ex-Prudential Regulation Authority regulator and the founder of The Eumaeus Project.


Kevin Dowd is Professor of Finance and Economics at Durham University.



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