Stress testing bailouts, not banks
It’s a little over a week until we get the results of Europe’s second round of stress tests.Here on FT Alphaville we’ve often wondered what’s the point,...
Who will roll-up, roll-up – to the Greek roll-over?
Roll-over, roll-over send … no one right over?Citi argues on Friday that getting the holders of shorter-term Greek debt to roll-over their holdings into longer-term bonds will be no easy feat,...
Margins and money markets – oh my! [updated]
Meanwhile in Europe … Money markets are also moving.Recent bidding patterns at the European Central Bank’s seven-day funding operation below:€102bn on June 8....
Greek ‘reprofiling’ and Orwellian accounting
Gotta love this straight-shooting piece of research from Alliance Bernstein.The word “re-profiling” comes straight from “Newspeak“, the communication...
An MEP out to risk-weight the eurozone
Here’s a tip for all financial journalists and market participants.To spot the next source of financial instability — simply identify the assets currently considered...
Who’s exposed to Japan?
So it begins.The first research we’ve seen quantifying European bank exposure is out to Japan following last Friday’s terrible earthquake and subsequent nuclear problems is out....
Who’s exposed to Japan?
So it begins.The first research we’ve seen quantifying European bank exposure is out to Japan following last Friday’s terrible earthquake and subsequent nuclear problems is out....
Those European stress test details
In case you forgot that other crisis…The European Banking Authority has just published parameters for the upcoming European bank stress tests. A first glance has them about...
How stress tests make Europe’s bank funding worse
Set aside those unrealistic macroeconomic assumptions in Europe’s stress tests.Focus instead, on the complete lack of a sovereign bond ‘shock; in the 2010 version....
Back to the future with Europe’s stress tests
There are plenty of strange things about Europe’s banking stress tests. Notably, the idea of engaging in a test which is meant to assure nervous investors with its rigorousness —...
