91: The 2023 Banking Storm: Risk or Opportunity? With Huw Van Steenis, Vice Chair of Oliver Wyman
Money Maze Podcast
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The Eurozone and the Black Rock
Every bank above 30 billion in the Eurozone has stress tests of some sort. The liquidity rules are, could you hold your breath for 30 days with no funding? I don't think they're the bad debts lurking quite in the same way that we've seen through this big rate shock. We might come back to the valuation situation and opportunity later on, but I just want to stay with this sense of the stronger getting even stronger. Is there almost now an oligopoly of the super banks? And from that might flow super profits,. because you're worried about where you go, therefore your choices diminish to a very small number? Yes, but I think we're already creating a super-league
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