Tag: banks
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Banks not at fault on tracker mortgage scandal
The banks are not at fault in the tracker mortgage scandal. While banks, as corporate entities, may have legal persona of their own they are not responsible. Some no doubt will be tempted to read this as the banks being, as ever, irresponsible. But individuals within the banks, as yet unnamed and unknown, they are…
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Brexit and the General Elauction
With the general Elauction underway we can expect the minds and energies of our political leaders to be focused elsewhere for the next month or so. However, the world doesn’t stop when the posters go up. Neither, to be fair, does the government or administrative policy making, but it slows. In the context of BREXIT,…
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Irish Banks : overvalued, overleveraged and underdeposited
This is a horrific snapshot. Its taken from a brand new paper by Thorsten Beck, presented to a conference on the Irish economy today. It compares the Irish banking system as of 2011 to a broad set of international benchmarks. It suggests, in other places that Irish banks need to delever (reduce credit) by about…
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Irish Banks – Knee deep in the brown stuff and all alone
This is a really interesting chart from the European Banking Association Transparency exercise report published yesterday RWA are risk weighted assets (loans) and Capital Effect is the trend in the core capital of the banks From the report (my emphasis and comments in brackets) 13. An analysis has been carried out to further investigate the driver…
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What will Irish Banks lose on residential mortgages?
A small amount say Fitch. But thats based on tales from the banks. The agency expects loan arrears to peak in 2014, and that 40 per cent of loans that are more than 90 days in arrears will begin to “reperform”. Another 40 per cent will be the subject of some type of writedown, with…
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From Hubris to Nemesis: Irish Banks, Behavioral Biases, and the Crisis
From Hubris to Nemesis: Irish Banks, Behavioral Biases, and the Crisis This paper, with Michael Dowling of DCU, takes a look at the behavioral aspects of Irish banks over the crisis period. It is forthcoming in Journal of Risk Management in Financial Institutions, next march. A final version can be downloaded from the link. Abstract…
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Bail-In Research
There is an interesting op-ed in the Irish Times today, from Stephen Flood of Goldcore. This is on foot of a research note which they have produced (introduced by yrs trly) on the state of play on Bail Ins (where depositors become part of the solution to bank recapitalization, a la Cyprus) across europe. The risk…
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Irish Banks : Arrears, Deposits, Bail-in and Interest Rate Editon
This is an edited and extended version of a column in The Irish Examiner 26 October 2013 There is a great book on marketing titled “the long tail” , which stresses that instead of trying to hit millions of customers at once its perhaps better to do millions of niches. Replete with examples it was…
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This is a bondholder bailout which will sink us ; October 5 2010
In a desperate attempt to stave off the inevitable the government laid forth a series of plans, and plans for plans, for Anglo in particular. Here is my opinion as of early October 2010 There is no State scheme to remunerate private investors when banks are in distress, writes BRIAN LUCEY IN 1968, Robert Conquest, the…