Banking Week: Osama bin Laden and the collusion of oil

Monday. Osama bin Laden as the engine of the economy. It turned out that the dead leader of al-Qaeda could not only bring political dividends to Barack Obama (his ratings in the U.S. is now going wild), but also participate in the fight against the global financial crisis. On Monday, the world's stock markets responded to news of the increasing elimination of the terrorist number one. The MSCI index of the Pacific region grew by 0.3%. Nikkei index also closed with growth. The same was observed on U.S. exchanges. "Black" Tuesday. The virtual collapse of the banking system. Stress Test of the Bank of Russia has shown that the financial turmoil of 2008 (in case of their return) will be forced almost a third of Russian banks to violate securities regulations. The entire banking system would have lost half of the capital. Scenario stress test provides an outflow of deposits at 20% and decrease stock index by 50%. Also scenario assumes that the ruble has depreciated by 20%. Chapter of the Association of Russian Banks, Garegin Tosunyan commented on the results of the regulator: - Do not believe it. The rating system is incomprehensible. Too many factors, both positive and negative, that can not be taken into account. A formal assessment does not give a clear picture. Evaluations should be conducted, market participants and supervisory authorities are not in isolation from the market.