Bank ratings under review

first_img whatsapp KCS-content Bank ratings under review by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance Stories MOVES to do away with the “too big to fail” problem have prompted Moody’s to launch a revaluation of all of its ratings for major UK banks.The ratings agency said yesterday that it is embarking upon a reassessment of its ratings on all senior bank debt that could see downgrades of one to five notches, which would substantially raise banks’ cost of borrowing.The agency said the review was prompted by signals from the Treasury, the FSA and the Bank of England “that banks that fail in the future should not expect capital injections from the public purse”, with “living wills” to set out how a bank can be wound up in an orderly way if it fails likely to become mandatory in the next year.The assessment by Moody’s will “focus on the high systemic support assumptions currently incorporated in senior debt ratings” for UK banks.The agency said that whereas before the crisis, the likelihood of government support accounted for a ratings uplift of one to two notches for banks, it now accounts for up to five notches.But in a sign of the difficulty of designing a regulatory system where large banks are allowed to fail, it said that it would “continue to assume some systemic support for the major UK institutions at least pending greater clarity” from Europe and the Independent Commission on Banking.The review affects all the UK’s five biggest lenders and major building societies. Thursday 7 April 2011 7:53 pmcenter_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tags: NULL Show Comments ▼ Share whatsapplast_img

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