Uk Banks can Tackle Contagion from Potential Greek Exit says Michael Cohrs

Posts : 8759 Join date : 2012-01-25

Uk Banks can Tackle Contagion from Potential Greek Exit says Michael Cohrs

BoE's Michael Cohrs said that UK banks are well prepared to tackle any potential contagion from Greek crisis
Quotes
"They have thought about their direct exposures to Greece and they have marked them to appropriate levels, their liquidity is strong and they have enough capital to withstand shocks from Greece,"
"If it goes further it's not clear, and that is why we have been encouraging them to raise more capital because nobody knows where it will stop or it won't stop,"
"I really want to hammer home this point; it was why we're urging British financial institution to prepare themselves and strengthen their capital,"

More FOREX-news on pages InstaForex.Com

Uk Banks can Tackle Contagion from Potential Greek Exit says Michael Cohrs Instaforex_mb_760x151_en

Uk Banks can Tackle Contagion from Potential Greek Exit says Michael Cohrs Instaforex_mb_760x151_en

» Greek Quarantine Tested as Spain Denounces Contagion (Update2)
» Greek Junk Contagion Presses EU to Broaden Bailout (Update2)
» Market Impact of a Greek Exit from Eur Would be Seismic
» Usd-Jpy Would Likely fall Sharply Towards the 78-79 Area in the Event of a Greek Exit
» EU Temporarily Approves Aid For Greek Banks