How Strong Are British Banks? And Can They Pass the Covid-19 Stress Test?

24 Pages Posted: 2 Jun 2021

See all articles by Kevin Dowd

Kevin Dowd

Durham Business School

Dean Buckner

Independent

Date Written: July 31, 2021

Abstract

The Bank of England maintains that banks in the United Kingdom are strongly capitalised, but there is ample evidence from banks’ share prices and market values that contradicts this claim. Banks are more fragile now than they were going into the last crisis, and the Bank of England’s failure to ensure the resilience of the banking system suggests a need for radical reform that does away with the regulator.

Keywords: Bank of England, UK, banking, banks, financial crisis, recession, macroeconomics, financial markets

JEL Classification: L51, H80, O16, E44, E60

Suggested Citation

Dowd, Kevin and Buckner, Dean, How Strong Are British Banks? And Can They Pass the Covid-19 Stress Test? (July 31, 2021). Institute of Economic Affairs, Briefing 10: July 2020, Available at SSRN: https://ssrn.com/abstract=3851948 or http://dx.doi.org/10.2139/ssrn.3851948

Kevin Dowd (Contact Author)

Durham Business School ( email )

Mill Hill Lane
Durham, Durham DH1 3LB
United Kingdom

Dean Buckner

Independent ( email )

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