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The 40B per month of asset purchases by the ECB create non-risk reserve assets in surplus Germany causing the denominator in DB's Leverage Ratio to continually increase and the ratio to violate the threshold....Checkmate... again....This will stop if the ECB doesn't renege on its promise to stop these purchases next month and then Europe should start to turn up slightly...Or.... its all part of the "vast neo-liberal conspiracy!!!".... Very hot take on #EBA #StressTests1) if you think German banks are ok, you are looking at the wrong metric: DB and Bylan are beyond minimum requirements on leverage ratio and NDB is very very weak (7% — JohannesBorgen (@jeuasommenulle) November 2, 2018
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The 40B per month of asset purchases by the ECB create non-risk reserve assets in surplus Germany causing the denominator in DB's Leverage Ratio to continually increase and the ratio to violate the threshold....Checkmate... again....This will stop if the ECB doesn't renege on its promise to stop these purchases next month and then Europe should start to turn up slightly...Or.... its all part of the "vast neo-liberal conspiracy!!!".... Very hot take on #EBA #StressTests1) if you think German banks are ok, you are looking at the wrong metric: DB and Bylan are beyond minimum requirements on leverage ratio and NDB is very very weak (7% — JohannesBorgen (@jeuasommenulle) November 2, 2018
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Mike Norman considers the following as important:
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The 40B per month of asset purchases by the ECB create non-risk reserve assets in surplus Germany causing the denominator in DB's Leverage Ratio to continually increase and the ratio to violate the threshold....
Checkmate... again....
This will stop if the ECB doesn't renege on its promise to stop these purchases next month and then Europe should start to turn up slightly...
Or.... its all part of the "vast neo-liberal conspiracy!!!"....
Very hot take on #EBA #StressTests— JohannesBorgen (@jeuasommenulle) November 2, 2018
1) if you think German banks are ok, you are looking at the wrong metric: DB and Bylan are beyond minimum requirements on leverage ratio and NDB is very very weak (<2%) even if CET1>7%