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	Comments on: Pound falls to new 31-year low against dollar/Bank of England warns: &#8220;The current outlook for UK financial stability is challenging.&#8221;	</title>
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	<link>https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/</link>
	<description>Daphne Caruana Galizia is a journalist working in Malta.</description>
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		<title>
		By: Anthony Charles		</title>
		<link>https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094769</link>

		<dc:creator><![CDATA[Anthony Charles]]></dc:creator>
		<pubDate>Thu, 07 Jul 2016 04:49:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=83781#comment-3094769</guid>

					<description><![CDATA[That&#039;s tough with something  coming from a person of great professional integrity like Godfrey.]]></description>
			<content:encoded><![CDATA[<p>That&#8217;s tough with something  coming from a person of great professional integrity like Godfrey.</p>
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		<title>
		By: Edward		</title>
		<link>https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094748</link>

		<dc:creator><![CDATA[Edward]]></dc:creator>
		<pubDate>Wed, 06 Jul 2016 22:16:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=83781#comment-3094748</guid>

					<description><![CDATA[Yes, I know. Like I said, I am sure he&#039;s going to do his best.

However, there is a belief among those in the UK who do not believe in globalisation ( hence Brexit) that someone who isn&#039;t British won&#039;t pull through because they are not British. 

They will play it safe and do their job professionally, but not feel a sense of national pride in the process.]]></description>
			<content:encoded><![CDATA[<p>Yes, I know. Like I said, I am sure he&#8217;s going to do his best.</p>
<p>However, there is a belief among those in the UK who do not believe in globalisation ( hence Brexit) that someone who isn&#8217;t British won&#8217;t pull through because they are not British. </p>
<p>They will play it safe and do their job professionally, but not feel a sense of national pride in the process.</p>
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		<title>
		By: john		</title>
		<link>https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094714</link>

		<dc:creator><![CDATA[john]]></dc:creator>
		<pubDate>Wed, 06 Jul 2016 11:31:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=83781#comment-3094714</guid>

					<description><![CDATA[To misquote Kev, Farage and Johnson led the Brexit campaign &quot;just for fun&quot;.

Now that the fun is over, Kev&#039;s heroes have buggered off.]]></description>
			<content:encoded><![CDATA[<p>To misquote Kev, Farage and Johnson led the Brexit campaign &#8220;just for fun&#8221;.</p>
<p>Now that the fun is over, Kev&#8217;s heroes have buggered off.</p>
]]></content:encoded>
		
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		<title>
		By: Mark Vassallo		</title>
		<link>https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094706</link>

		<dc:creator><![CDATA[Mark Vassallo]]></dc:creator>
		<pubDate>Wed, 06 Jul 2016 09:32:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=83781#comment-3094706</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094699&quot;&gt;Tabatha_White&lt;/a&gt;.

Not only that, but he has used up half of the back page of today&#039;s Times of Malta to try and justify his position.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094699">Tabatha_White</a>.</p>
<p>Not only that, but he has used up half of the back page of today&#8217;s Times of Malta to try and justify his position.</p>
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		<title>
		By: Joe the Lion		</title>
		<link>https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094701</link>

		<dc:creator><![CDATA[Joe the Lion]]></dc:creator>
		<pubDate>Wed, 06 Jul 2016 08:38:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=83781#comment-3094701</guid>

					<description><![CDATA[Mark Carney has  reduced the capital buffer which UK banks are expected to hold so that they have more funds available for lending. 

This buffer was created after the financial crisis of 2007-8 so that banks would not fold  under the pressure of provisions for bad loans (ie they would have enough capital to survive a big hit in losses due to bad loans). 

Now  that the buffer has been reduced, the smaller banks (&#039;small&#039; here is a relative term - they would have thousands of customers)  are more exposed to the buffeting of the economic cycle. 

It might look like a good move now, but once the bad loans start piling up, expect to see a few small banks go under. 

This is usually followed by a few bigger banks that lent to the smaller ones. And it goes on. 

Welcome to the new Britain where shooting yourself in the foot has now gone beyond a joke and turned into the national pastime.]]></description>
			<content:encoded><![CDATA[<p>Mark Carney has  reduced the capital buffer which UK banks are expected to hold so that they have more funds available for lending. </p>
<p>This buffer was created after the financial crisis of 2007-8 so that banks would not fold  under the pressure of provisions for bad loans (ie they would have enough capital to survive a big hit in losses due to bad loans). </p>
<p>Now  that the buffer has been reduced, the smaller banks (&#8216;small&#8217; here is a relative term &#8211; they would have thousands of customers)  are more exposed to the buffeting of the economic cycle. </p>
<p>It might look like a good move now, but once the bad loans start piling up, expect to see a few small banks go under. </p>
<p>This is usually followed by a few bigger banks that lent to the smaller ones. And it goes on. </p>
<p>Welcome to the new Britain where shooting yourself in the foot has now gone beyond a joke and turned into the national pastime.</p>
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		<title>
		By: Tabatha_White		</title>
		<link>https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094699</link>

		<dc:creator><![CDATA[Tabatha_White]]></dc:creator>
		<pubDate>Wed, 06 Jul 2016 08:18:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=83781#comment-3094699</guid>

					<description><![CDATA[Has that corrupt fraudster remained Deputy Governor in Malta?]]></description>
			<content:encoded><![CDATA[<p>Has that corrupt fraudster remained Deputy Governor in Malta?</p>
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		<title>
		By: Jabbade Hutt		</title>
		<link>https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094697</link>

		<dc:creator><![CDATA[Jabbade Hutt]]></dc:creator>
		<pubDate>Wed, 06 Jul 2016 08:12:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=83781#comment-3094697</guid>

					<description><![CDATA[Lowering the amount of capital banks are required to hold automatically translates into risks for depositors who have a thinner layer of protection than before, in an environment that is as volatile yet more uncertain than the time when Lehman Brothers ran into the ground.  

I almost feel sorry for them.]]></description>
			<content:encoded><![CDATA[<p>Lowering the amount of capital banks are required to hold automatically translates into risks for depositors who have a thinner layer of protection than before, in an environment that is as volatile yet more uncertain than the time when Lehman Brothers ran into the ground.  </p>
<p>I almost feel sorry for them.</p>
]]></content:encoded>
		
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		<title>
		By: alex		</title>
		<link>https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094696</link>

		<dc:creator><![CDATA[alex]]></dc:creator>
		<pubDate>Wed, 06 Jul 2016 08:09:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=83781#comment-3094696</guid>

					<description><![CDATA[Thank God they are in control now.]]></description>
			<content:encoded><![CDATA[<p>Thank God they are in control now.</p>
]]></content:encoded>
		
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		<item>
		<title>
		By: Bryan		</title>
		<link>https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094695</link>

		<dc:creator><![CDATA[Bryan]]></dc:creator>
		<pubDate>Wed, 06 Jul 2016 08:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=83781#comment-3094695</guid>

					<description><![CDATA[Dictatorships will point to all this as being irrefutable evidence of why democracies are a bad idea. 

What with the rise of Trump, the impending decimation of the UK, and the failed attempts to install democratic governments after the &quot;Arab Spring&quot;, it&#039;s becoming harder to argue otherwise.]]></description>
			<content:encoded><![CDATA[<p>Dictatorships will point to all this as being irrefutable evidence of why democracies are a bad idea. </p>
<p>What with the rise of Trump, the impending decimation of the UK, and the failed attempts to install democratic governments after the &#8220;Arab Spring&#8221;, it&#8217;s becoming harder to argue otherwise.</p>
]]></content:encoded>
		
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		<title>
		By: anthony		</title>
		<link>https://daphnecaruanagalizia.com/2016/07/pound-falls-new-31-year-low-dollarbank-england-warns-current-outlook-uk-financial-stability-challenging/#comment-3094683</link>

		<dc:creator><![CDATA[anthony]]></dc:creator>
		<pubDate>Wed, 06 Jul 2016 06:06:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=83781#comment-3094683</guid>

					<description><![CDATA[See Matt&#039;s cartoon in today&#039;s Telegraph.]]></description>
			<content:encoded><![CDATA[<p>See Matt&#8217;s cartoon in today&#8217;s Telegraph.</p>
]]></content:encoded>
		
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