Comment by: Anonymous. Posted 12 years ago [2011-06-29 02:03:00]

Here's a naive question. "Fjordbank Mors annonced on Friday evening that it could no longer meet the FSA's increased solvency requirements ....". That implies the bank had been meeting solvency standards of some sort. But the loss to depositors and senior creditors shows significant insolvency. The answer can't be just "intangible assets". Could it be that regulated banks that pass their capital tests are much less solvent than one would think?