【出版时间及名称】：2010年英国银行业展望
        【作者】：德意志银行
        【文件格式】：pdf
        【页数】：78
        【目录或简介】：

Table of Contents
A slow march to normality ............................................................... 3
Valuation and Capital: Good ............................................................ 4
Poorly positioned for the crisis…..............................................................................................4
…capital bases rebuilt, and valuation attractive in normal times...............................................4
Funding – The largest risk................................................................. 7
Key points ................................................................................................................................7
There aren’t enough deposits to go around..............................................................................7
Cost of wholesale funding is the key risk..................................................................................8
Margin conclusion: Up to the regulator, market outlook is fair ...............................................15
Regulations – Tougher .................................................................... 16
Key points ...............................................................................................................................16
Basel 3 – Up to the transitional provisions to provide comfort ...............................................16
Bank payroll tax reflective of tougher budget environment ....................................................21
Regulation conclusion: Intended and unintended consequences ...........................................23
Individual stocks.............................................................................. 24
Barclays ............................................................................................ 25
HSBC Holdings................................................................................. 36
Lloyds Banking Group..................................................................... 51
Royal Bank of Scotland................................................................... 59
Standard Chartered......................................................................... 67