New credit crunch risk as banks face funding crisis
Mar 10 2010 The Telegraph
Jonathan Pierce, from Credit Suisse, believes UK banks will have to reduce the size of their balance sheets by as much as £530bn over the next three to four years to meet new regulations.
According to his analysis, British banks need to issue £420bn-£750bn of long-term wholesale funds. "We don't think this is plausible and hence we expect balance sheet footings to fall by 6pc-18pc to compensate," he said. He predicts a minimum reduction in credit of £200bn.
http://www.telegraph.co.uk/finance/economics/7409166/New-credit-crunch-risk-as-banks-face-funding-crisis.html
10
March
New credit crunch risk as banks face funding crisis
Mar 10 2010 The Telegraph
Jonathan Pierce, from Credit Suisse, believes UK banks will have to reduce the size of their balance sheets by as much as £530bn over the next three to four years to meet new regulations.
According to his analysis, British banks need to issue £420bn-£750bn of long-term wholesale funds. "We don't think this is plausible and hence we expect balance sheet footings to fall by 6pc-18pc to compensate," he said. He predicts a minimum reduction in credit of £200bn.
http://www.telegraph.co.uk/finance/economics/7409166/New-credit-crunch-risk-as-banks-face-funding-crisis.html