Kevin Dowd

A Very British Fiasco

“These things happen, but they happen a lot to UK financial regulators, and Governor Bailey himself has presided over a good number of regulatory fiascos. In short, the crisis confirms that UK financial regulation is not fit for purpose.” ~ Kevin Dowd

The Fantasy Prediction of 510,000 Deaths

“The 510,000 figure, which turned the world on its head, was a fantasy number churned out by absurd modeling of a zero-probability event. Cummings does not see that the reason why the SARS-CoV-2 outbreak escalated into the public policy catastrophe that it became was the fundamentally flawed Imperial College modeling on which the government based its response.” ~ David Campbell & Kevin Dowd

To Make Banks Strong, Do Away with the Regulator

As the UK economy enters the COVID-19 downturn, the Bank of England (BoE) continues to maintain that the UK banks are strongly capitalised. The BoE’s claims are not to be believed.