Only in the technical financial press has any mention been made so far to the impact of the ludicrous “scientific precision” of Basel 2 EU directives. They have finally kicked their inventors in the teeth, as widely predicted by economists and others at the time.
Officially directives 2006/48 and 49, Basel 2 demands that banks and [...]
Posts Tagged ‘Northern Rock’
Basel II and its impact on the global financial crisis.
Posted in Economics & Finance, Politics, tagged banking crisis, banks, Basel 2, basel II, Bingley, Bradford, European Union, financial crisis, Northern Rock on October 11, 2008 | 1 Comment »
Confidential documents go missing part II.
Posted in Identity Fraud, Politics, tagged Alastair Darling, bank records., database, HMRC, Identity Fraud, Northern Rock on November 20, 2007 | Leave a Comment »
Latest update 16:00 GMT Tuesday 20 November. Now we learn following a Commons statement from the Chancellor Alastair Darling, that it’s actually 25 million records, but more importantly, and in addition, 7 million individual bank account and building society records. This is surely about as bad as it could get for Alastair Darling, following his less [...]
Hanging picnic at Northern Rock?
Posted in Economics & Finance, tagged banks, Northern Rock on September 14, 2007 | Leave a Comment »
Could Northern Rock go bust – to use the vernacular? (For non UK readers, Northern Rock is a UK bank which has today had to apply to the Bank of England for emergency financial support. The most visible effect so far of the impact of the US sub-prime lending debacle). Northern Rock is no different [...]
