The European Banking Can Nears the End of the Road “The key thing to know about Lehman Brothers is that it did not cause the financial crisis, it revealed the…
Financial and Fiscal Newsletter
As QE becomes widely discredited, German policymakers end their uneasy truce with the ECB. Banking woes deepen. Central Banking Central Banks under fire for crossing the line into fiscal policy.…
The absence of structural reforms brings the effectiveness of ECB policy increasingly into question. The Financial Stability Board claims that banking reform is largely complete. Despite a quiet summer, there is plenty of evidence that it isn’t.
Post Brexit, Sterling weakens. Brexit will retest Central Banks’ Firepower. Will Scotland’s Resurgent Independence Campaign Want to Keep the Pound? The reaction of financial markets to the Brexit vote was…
Central Banking Brexit Fervour Underscores the Weakness of Economic Forecasting. Increasingly Outlandish Economic Arguments on Both Sides of the Brexit Debate. The Bank of England’s intervention is questionable. As apolitical…
Central Banking – Embracing the Blockchain In a recent speech, Bank of England deputy governor Ben Broadbent opined that the key innovation underlying Bitcoin is not the unit of account…
Central Banking The European Commission accepts that EU law requires accounts to provide a “true and fair view” of assets, liabilities, financial position and profit or loss as specific indicators…
Central Banking Bank share prices recover after further falls early February. However, credibility of ECB increasingly questioned as it considers further expansionary policies. Fears of a renewed banking crisis, which…
A deteriorated banking sector in a worn-out economy At the beginning of 2016, in the context of the new EU legislation on “bail in”, Italy found itself unprepared to face…
Jittery January Markets – Does the ECB have Contingency Plans? The ECB must be aware that investors’ confidence in stock markets, particularly bank shares, dropped in January. If contingency plans…