Editor's note: For some years now, Julien Noizet has been writing about the financial crisis and its aftermath for his blog, Spontaneous Finance. Having first come across that blog a year or so ago, I have been impressed by Julien’s insightful commentary, informed as it is by…
On December 1, 2015, the Bank of England released the results of its second round of annual stress tests, which aim to measure the capital adequacy of the UK banking system. This exercise is intended to function as a financial health check for the major UK banks,…
Anyone who follows the stress tests conducted by the Fed and various European banking authorities can’t help poking fun at them. After all, it’s hard to repress a chuckle when, time and again, a bank passes one of these tests with flying colors only to end up…