None of the world's banks pass safety tests, according to Sky

[mertle]

http://blogs.news.sky.com/therealeco...6-d53f3becae62

Damn so what the implecations of this news. Should there now be more stringent regulation on our banking sector.

What impact will this have on the economy.

[Hugh]

Erm, they don't have to pass it until September, and as the penultimate paragraph states

However, although the reforms are likely to be far-reaching, the FSA believes that UK banks are on the way to carrying them out, and has set an earlier deadline – June next year – to be able to pass the relevant tests.

This is the "more stringent regulation" on the Banking Sector.

IMHO, you appear to not fully read articles, or cherry-pick parts of them that support your agenda, and totally ignore the parts that don't.

[papa smurf]

Originally Posted by Hugh

Erm, they don't have to pass it until September, and as the penultimate paragraph states

This is the "more stringent regulation" on the Banking Sector.

IMHO, you appear to not fully read articles, or cherry-pick parts of them that support your agenda, and totally ignore the parts that don't.

theres a lot of it about

[mertle]

well lets see if these self regulatory indicators work shall I doubt they will go far enough to stop there antics.

incidently just listened to youtube vid david icke I think at times he god nutter but by heck he talks sense about the economy.

There defenately something fishy on way its run and how it can possibly manipulated

Anyway listen yourselves

http://www.youtube.com/watch?feature...&v=vjxb3jvLpOg

[Ignitionnet]

Originally Posted by mertle

http://blogs.news.sky.com/therealeco...6-d53f3becae62

Damn so what the implecations of this news. Should there now be more stringent regulation on our banking sector.

What impact will this have on the economy.

They're working on it, their whoring of capital is part of the reason lending has dried up.

Quantitative Easing 2 will also pump them with cash - 75 billion of it.

---------- Post added at 15:13 ---------- Previous post was at 15:11 ----------

Originally Posted by mertle

There defenately something fishy on way its run and how it can possibly manipulated

Tad late to comment on how it can possibly be manipulated, think you'll find it's all manipulated on a daily basis and we're entirely beholden to banks, hence the massive transfer of profits to a select group and losses to the public. Capitalise the profits, socialise the losses.

[martyh]

Originally Posted by mertle

well lets see if these self regulatory indicators work shall I doubt they will go far enough to stop there antics.

incidently just listened to youtube vid david icke I think at times he god nutter but by heck he talks sense about the economy.

There defenately something fishy on way its run and how it can possibly manipulated

Anyway listen yourselves

http://www.youtube.com/watch?feature...&v=vjxb3jvLpOg

your using David Icke to substantiate an argument ?

anyway i want to know who "they" are

[Hugh]

Originally Posted by mertle

well lets see if these self regulatory indicators work shall I doubt they will go far enough to stop there antics.

incidently just listened to youtube vid david icke I think at times he god nutter but by heck he talks sense about the economy.

There defenately something fishy on way its run and how it can possibly manipulated

Anyway listen yourselves

http://www.youtube.com/watch?feature...&v=vjxb3jvLpOg

How is this

The Financial Stability Board earlier this week published a list of the world’s 29 biggest and most complex banks, and gave them a deadline on next October to pass a so-called resolvability assessment – a health check which will ensure that they could be safely dismantled if they went bust. I have learnt that the FSB believes, based on its own initial assessments, that not one of the 29 banks is currently in a fit state to pass those tests.


The implications of this are far-reaching. It means those banks, which in the UK include Royal Bank of Scotland, HSBC, Lloyds and Barclays, must carry out far-reaching changes to prove that they will not have to be supported by the state if they do near collapse.

and

Under the new rules, countries around the world will also have to seek agreements with fellow regulators overseas when an international bank sets up an office in a foreign country, to ensure that that particular unit remains separable in the event of its collapse

from your original link "self regulatory"?

[slowcoach]

Originally Posted by martyh

your using David Icke to substantiate an argument ?

anyway i want to know who "they" are

“They” are God's chosen people who print money and then sell it at full face value to governments around the World.
In a recession wealth doesn't disappear, wealth is simply transferred, and guess who it is transferred to.....

[devilincarnate]

They have given them just about another year before the regulation? Oh look we could be even worse off than we are now?


Or am I just been stupid?

[Russ]

Really, what can the government do to any of the banks which won't be met with the stock response of "that will just make all our best staff go abroad to other companies"?

[martyh]

Originally Posted by Russ

Really, what can the government do to any of the banks which won't be met with the stock response of "that will just make all our best staff go abroad to other companies"?

Probably nothing Russ since the government/s need the banks co-oporation to get various countries out of the financial pickle they have found themselves in

[Russ]

That's what I'm thinking. So plenty of fist-shaking from the government who will promise to take 'robust' actions against any bank which does not fall in to line etc etc

[Maggy J]

So we might as well not comment or discuss or protest about it.Just lie down and take it.