Michael Murray: Worrying lack of loans transparency
Investors need to keep a watchful eye on bank lending policy
Since the crisis, much has changed for our pillar banks. The balance sheets have been substantially strengthened, efficiency ratios in the form of cost-to-income metrics at below 50 per cent have rarely been better, and new bad debt charges have continued to trend downwards.
Capital ratios continue to improve, regulation and the regulator’s powers have been extended, and supervision has been transformed. The governance framework for the euro has strengthened too. So far ...
