Hk's Hang Seng Index Set to Open down 0.26 Pct
Moody's - - Downgrades Mitsubishi Ufj Lease & Finance; Outlook Stable
News: 2012-05-21 05:26:00 UTC+00

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,"

Published: 2012-05-21 05:26:00 UTC+00 1 year, 17 hours, 45 min. ago
 
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