While the likelihood of a US default remains low, banks are still having to go to great lengths to show that they are prepared for a possible default scenario.
Latest articles from Editor’s blog
The bonus system has a lot to answer for
September 30, 2013Bonus systems encourage and reward a focus on short-term gains at the expense of the bigger, long-term picture.
The dangers of a shadow payments market
September 24, 2013The increase in unregulated and unmonitored mobile and internet payments brings with it serious risk.
Counting the (legal) cost of the crisis
September 2, 2013The legal action that has been taken against banks since the crisis has added a whole new dimension to the way in which they go about their business.
Regulators risk driving banks into a corner
August 27, 2013The Securities and Exchange Commission's decision to investigate JPMorgan's hiring of so-called princelings only serves to add to the argument that regulators are being overzealous in their supervision of banks.
Is China about to be knocked off balance?
August 19, 2013The unearthing of China's considerable off-balance-sheet liabilities casts a new light on the country's economic position, raising fears that its previously rapid development could stall.
How telling is Mark Carney's forward guidance?
August 12, 2013The Bank of England’s new governor, Mark Carney, has adopted a 'forward guidance' policy, but just how much stability does such a strategy really provide for the economy?