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ludes of f balance sheet terra and derivatives for all banks. G-3 banking sector loan to deposit ratios Rahn 1.8 1.6 - 1.4 1.2 1.0 0.8 0.6 Western Europe U.S. Sou ce: J.P. Morgan Securities LLC. Bloorrterg. • Median Weighted average =I= Europe: bigger banks, bigger problems Liabilities', Multip
and why European assets as a % of US money market fund assets are falling. European banks are bigger than US counterparts; the world is waiting for the European Financial Stability Fund to start recapitalizing them. Unlimited ECB financing is not enough. How much risk do banks claim they have? Risk -weighted as sets as a percentage
ludes of f balance sheet terra and derivatives for all banks. G-3 banking sector loan to deposit ratios Rahn 1.8 1.6 - 1.4 1.2 1.0 0.8 0.6 Western Europe U.S. Sou ce: J.P. Morgan Securities LLC. Bloorrterg. • Median Weighted average =I= Europe: bigger banks, bigger problems Liabilities', Multip
and why European assets as a % of US money market fund assets are falling. European banks are bigger than US counterparts; the world is waiting for the European Financial Stability Fund to start recapitalizing them. Unlimited ECB financing is not enough. How much risk do banks claim they have? Risk -weighted as sets as a percentage
tary and economic force 200 years ago, the tide has turned decisively. The rise of China and India, the relative decline of the US and the fall of Western Europe will establish a new world order. For India, the next few years present great challenges but even greater opportunities. The defining relationship
half alone. Meanwhile, the European banks need, we are now told, €115 billion of new capital—of which €13 billion is required by German banks. Yet the European Financial Stability Fund has been capped at E500 billion, of which more than half has already been committed. The International Monetary Fund is to be given (by whom?) just
Entities connected to both Western Europe and the European Financial Stability Fund

Credit Suisse
ORGANIZATION
Frankfurt
LOCATION
JPMorgan Chase
ORGANIZATION
European Central Bank
ORGANIZATION
Basel
ORGANIZATIONMichael Cembalest
PERSONOlli Rehn
PERSON
Central Bank
ORGANIZATIONthe European Banking Authority
ORGANIZATIONJ.P. Morgan Securities LLC
ORGANIZATIONMorgan Kelly
PERSONJesus Saurina
PERSONJordi Gual
PERSONMichael Conbalect
PERSONViCWS
PERSON
Basel II
ORGANIZATIONBasel Ill.
ORGANIZATIONthe Supervisory Capital Assessment Program
ORGANIZATIONUnlimited ECB
ORGANIZATIONCredit Suisse HOLT
ORGANIZATION