Regretful Readiness

Regretful Readiness

The Canadian Office of the Superintendent of Financial Institutions (OSFI) just released its Annual Risk Outlook. The outlook lists the top risks faced by the Canadian financial system and the actions OSFI is taking in response. Words like geopolitical turbulence and...
Dunkelflaute

Dunkelflaute

This is by far one of my favorite German words. The direct translation is dark doldrums, and if that doesn’t say everything there is to say, I don’t know what does. Dunkelflaute’s more modern meaning is a period of time, often several days, with little or no sunlight...
European Banks: Less Rizz*, More Value

European Banks: Less Rizz*, More Value

The banks of Europe—including the UK (no offense!)—are doing great. A few weeks ago, the FT commented that measured by the 47 banks included in the European Stoxx 600 index, the total return and net dividends have outperformed the top US tech stocks known as the...
Delayed

Delayed

One can almost hear the collective groan that escapes from the gate area when the flight status changes from ON TIME to DELAYED on the board. However, I am pretty sure no bank let out the same kind of groan when OSFI, the Canadian bank regulator, announced this week...