The Bankwatch

Tracking the consumer evolution of financial services

Serious fear enters the markets, only 3 years later – July 28th 2011

With only a few days left the people who manage money, banks and traders are essentially warning of a September 2008 scenario.

Fed under fire over default talks

They want to address contingency planning for a run on money market funds that hold Treasury bonds, the impact on capital and liquidity ratios if there are large inflows or outflows of deposits and the potential effect on short-term financing from any problems in the repurchase, or “repo”, market.

Written by Colin Henderson

July 28, 2011 at 01:46

Posted in Uncategorized

2 Responses

Subscribe to comments with RSS.

  1. Don’t you think the whole macro financial system is looking decided dodgy? We have sovereign debt spreading, the major banks on the whole creaking at the seems as they lay off thousands of workers. We just need (in the UK at least) for bank interest rates to go up and Mr & Mrs Blogs will be in a lot of bother.

    UK Banking Jobs

    August 5, 2011 at 05:23

  2. The one thing we do no have so far is evidence of contagion amongst banks. But there is lots of scope and reason for that to occur at some point based on sovereign debt holdings that may default.

    Colin Henderson

    August 5, 2011 at 09:00


Comments are closed.

%d bloggers like this: