Here Are The Banks The Market Is Most Concerned About

Tyler Durden's picture

While there are numerous financial institutions in the world that are full of hidden NPLs and over-leveraged, trading at extreme levels of risk, the FSA's "Too-Interconnected-To-Fail" list of systemically critical banks is where global investors' attention is really focused.

BMO Capital Markets breaks down the world's most systemically critical financial institutions using their own "special sauce" of CDS levels, CDS term structure, equity price, liquidity, and spread trends.


Frankly, as we explained previously, these are the "Musketeer" banks - one for all and all for one as any system failure in Deutsche, Credit Suisse, or Bank of China will leak immeasurably and contagiously around the world via the interconnectedness of the collateral chains used to fund these behemoths.

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LawsofPhysics's picture

Don't overthink this, simply recognize that in the absence of any real rule of law and contracts, ALL FIAT WILL DIE!

What part of "ALL" don't you fuckers understand?

Now jump you fuckers!!!

Soul Glow's picture

The all part.  People just don't get it.  People want to believe the lie bescause their lives depend on it.  It's all they know.

Their job, their marraige, everything.  Their car, their house, all their earthly belongings.  ALL.

Jtrillian's picture

Here we go again.  Of course, that's what you get when you reward bad behavior. 

ZeroIntelligence's picture

BMO Cap Mkts didn't put any Canadian banks on watch??

new game's picture

endless loop til the dolla regime fails...

new game's picture

some call it a death spiral, one winged plane...

new game's picture

engine stall. two peckjered billygoat fucking mericans, ok u get it, sorry...

JRobby's picture

The Clown Squad List

They are all represented

Vincent.Vega's picture

BMO itself is on the Canadian Clown Squad and it's the 2nd smallest clown on it. Pathetic.







Killer the Buzzard's picture

Net exposure = gross Bitchez...

1000 splendid suns's picture

I see Standard Chartered bank has bail-ins mentioned to secure up payments....

Dark Daze's picture
Dark Daze (not verified) Vincent.Vega Feb 5, 2016 7:30 PM

If it hadn't of been for Canadian banks, includiing BMO, buying your fucking worthless Treasuries for the last 8 years you would already be dead. Every single time any important reference is givien these days it is invariably a Canadian bank who is asked to comment on it. Why? Because we don't fuck around. We play it straight, unlike you fucking pricks who have screwed yourselves and the world.

One4Liberty's picture

Right.  Let's completely ignore the mortgage fraud problem, especially the one that targeted vulnerable seniors and ScotiaBank's complete honesty (eyeroll) WRT to allocated silver as starters.  We could do this all day! Yep, those Canadian bankers play it "completely straight".

Dark Daze's picture
Dark Daze (not verified) One4Liberty Feb 6, 2016 8:24 AM

You know what buddy, it's YOUR OWN people who run the COMEX. It's your own people who manipulate the currency market. It's your OWN people who polluted the world's banks with trillions in worthless debt, causing the current crisis. It's your own government who protected those criminals from even being prosecuted let alone be jailed. It's Wall Street that uses the Fed as it's own personal bank while the people get to enjoy the ever increasing debt. It your own people who have lied, cheated, stolen, manipulated, invaded, tortured, murdered, destroyed and brought the world to the brink of a global nuclear war. And all the while, like a typical American, you sit there and point your finger at Europe (too many social programs) or China (mismanged it's investments) or Russia (the Russians are coming!, they are so dangerous!), when in fact it has been your very own actions that have destablised the world. And it is not the first time that you've done it. You've done it over, and over and over again, everywhere.

A favorite line from Braveheart:

Lower your flags and march straight back to <England>, stopping at every home you pass by to beg forgiveness for a hundred years of theft, rape, and murder. Do that and your men shall live. Do it not, and every one of you will die today.

Whatever Canadians banks may or may not have done pales in comparison to the machinations of the machine of Empire called the United States.

iinthesky's picture

Yeah you know, RBC seems to always avoid being on these deadpool lists. Wonder why. My understanding is they're pretty 'conservative' relatively speaking but---can it be true?

BarkingCat's picture

Enjoy your delusion.

Your politicians are just as croocked and your banks are just corrupt.


Vincent.Vega's picture

1) Tier 1 capital (such a pathetic 3-gram, when you could've just used "capital" instead) is not a good thing at all, to start from, since Basel III BCAR requirements vary in % for different tiers of vassals/colonies, including Canada -- any central bank in the world is a branch of FED and defacto is a currency board. The point behind BCAR is to prevent a country from investing into its own economy/industry.


2) BMO Capital Markets LOB is less profitable than BMO retail LOB (BMO Personal and Commercial, P&C), and it holds true for the rest of Canadian (i.e. Jewish) banks which simply screw us on their monthly fees etc., let alone their "revolving credit instruments", now every citizen is this country is buried in debt up to 164%...

BTW, last year BMO Capital Markets made around 300 million Canadian pesos selling options to the retail sheeple.


3) And I can't for the life of me understand proponents of the Canadian (i.e. ZOG's) banking system as well as OSFI itself. VaR/ES is retarded as it is, but no Canadian bank was able to implement VaR reporting to OSFI properly -- and same applies to "Basel Accords" (such a useless 2-gram).

No one, repeat, no one, no CFO, no CEO, no CTO/CIO and whatever C-schmuck in any of the Canadian Big Five knows, at any given moment of time, how much liquidity "their" (read, ZOG's) bank has -- they might have _some slight_ idea on a quarterly basis.


4) Canada is a ZOG corporation, as much as USA is, starting from the Founding Rabbis, how can one even apply "our" to anything in this country?


Dude, sheeple here are royally fucked, as much as the American sheeple, and only a few can think on both sides of the Rainbow Bridge.




JRobby's picture

Clown knows to nationality

Oligarch knows no nationality

mvsjcl's picture

BMO was the first Rothschild bank in what was to become Canada.

froze25's picture

I don't believe the world will let the US descend into utter Chaos. Too many nukes and bio weapons here.

MsCreant's picture

Tell me how you see this?

They send teams in to help us?

They send (heh heh) money?

We have 5% of the world's population and consume 24% of the world's resources. We are bankrupt. We are militant with 900 ish bases world wide. No one else does that. Our military outspends all the other militaries combined...

We are bullies who take what we want... 

Aw hell, can't explain some things. If you don't get it...

They will applaud.

Dark Daze's picture
Dark Daze (not verified) MsCreant Feb 5, 2016 7:31 PM

Unfortunately, to their dying breath, they will NEVER admit to it.

JRobby's picture

None the less, death needs to play into it

daggerhashimoto's picture

"Nukes" don't exist! bullshit ww2 propaganda that wont die thanks to pure false pride.


look into it.

DanDaley's picture

Hey, bro...what are 5th grade? Wake up.

RiverRoad's picture

Maybe when we're all finally dead TPTB will give this War and this Recession/Depression a name.  Until then....none of this is happening as far as they're concerned.

The Merovingian's picture

All the major banks either are planning to or have already begun inserting language in loan docs to protect against negative LIBOR rates. They know the jig is up. This is going to be interesting to watch.

new game's picture

so my older arm could, oh forget that thought, that is right it has a floor rate, as i recall...

JRobby's picture

The swap floor rate is what killed Greece and many others "because no one saw that coming"

"The Squid knows all, sees all"

Dark Daze's picture
Dark Daze (not verified) ZeroIntelligence Feb 5, 2016 7:09 PM

Canadian banks have the largest Tier 1 capital buffers in the world. We have 600 Billion in cash right now, today. Unfortunately our largest exposure is to bloody US Treasuries. After that we can go to the markets since we have the best credit rating in the world. We also have the largest arable land mass, the most water, a small very well educated population, oil, infrastructure, agriculture a fully funded pension plan and a sensible population that won't go around killing everybody. If you can take the cold, Canada would be the place to be.

Pazuzu's picture

Too bad you've got Quebec.

Dark Daze's picture
Dark Daze (not verified) Pazuzu Feb 6, 2016 7:46 AM

Quebec generates way more GDP than Alberta. And actually, from a political point of view, it's great that we have Quebec. They act as a natural break on right wing radicals who would turn Canada into the US if they had the chance, and you only have to look south to see what that would be like.

What happened in Quebec in the 'quiet revolution' was hundreds of years in the making, and a one off event. Sure the British allowed the French to maintain their own legal system etc, but they also supported the Roman Catholic church's repression of the population for 100 years. They also deported the entire population of New Brunswick and made damned sure that no French person ever rose above the level of assitant manager. I've known and worked with a lot of French people in my time, some very bitter and radical and others more sanguine, but to a person they have all recounted horror stories of vicious racism perpetrated by the English on them. They had a perfect right to rebel agains the system. 

BarkingCat's picture

"but to a person they have all recounted horror stories of vicious racism perpetrated by the English on them."


that right there is proof that you are one dumb mother fucker.

The English are a different race than the French????


Not to mention that you equate anyone's treasuries as capital or talk about going going into the credit markets for funding  when the whole financial world crashes.


All that finance stuff was dumb but calling British discrimination against the French racism is the height of ignorance and stupidity.


...and so is thinking that the British colony of Canada is an independent country.

Remind us again how the session of your (colonial) parliament begins each year?? 

Whose ancient inbread and ugly portrait adorns those gold and silver coins???


TheObsoleteMan's picture

I see the Canadians still suffer from penis envy as far as the US is concerned. Your women are nothing but whores, period. I see it year after year. Under the guise of "chaperones" Canadian MILFs come down here on spring break and forget all about the young girls they are suppose to be keeping an eye on. They go off on their own tryist night after night with a different man. The day they leave they put their wedding bands back on. You don't even know how to smoke pot properly {mix it with tobacco}. Always putting Americans down, yet your security and survival depend on us, becuase you are completely worthless on your own. Fuck you. I'll take Aussies and Kiwis anyday over your sorry excuse for men and women. In many ways, your not even a country, just a colony of the crown {still}, can't make a go of it yourselves. You have traded away any indipendance or freedom you might have had for imaginary security, which is really nothing other than Big Daddy government taking care of you like the children you are.

One4Liberty's picture

Sorry, must disagree.  As an extremely "well educated WASP Canadian", I saw my opportunities, income and quality of life dramatically improve when I left Canada.  Most of my fellow Canadian ex-pats agree, and many remaining friends and family would get out if they could. Once my remaining parent passes over, I'll be liquidating any remaining assets and property I still hold there and prolly finally handing in my passport too. You do realize that the External Affairs bureau e-mails highly educated ex-pats routinely with offers/requests to return home, right? Liberal policies and historical anti-WASP Quebecois venom created the brain drain, the gap is not being backfilled with your recent "imports". When I return to visit, I barely recognize the country generations of my ancestors built.  With the election of the Boy-pseudoKing you may have finally dug yourselves a hole you can never get out of.

beijing expat's picture

The thing that strikes me when I go home is the prevalence of debt. Everyone has too much. Also, the industrial base is gone and there hasn't been investment in infrastructure since the 70s. Now that oil is gone the only industry left is housing immigrants.

The whole country is in denial. The oil bankruptcys are rising and the paper reports "Canada first to cut oil production". Good news yet again. It's all good. Everything is awesome.

Marco's picture

If only we could all pay for 25% of our imports with paper.

beijing expat's picture

The thing that strikes me when I go home is the prevalence of debt. Everyone has too much. Also, the industrial base is gone and there hasn't been investment in infrastructure since the 70s. Now that oil is gone the only industry left is housing immigrants.

The whole country is in denial. The oil bankruptcys are rising and the paper reports "Canada first to cut oil production". Good news yet again. It's all good. Everything is awesome.

Dark Daze's picture
Dark Daze (not verified) One4Liberty Feb 6, 2016 7:32 AM

Well, I have to disagree with you, and my ancestors also go back 9 generations. I'm also the last of the line of a family of United Empire Loyalists so I know a fair bit about both Canadian and American history. Sure Canada is changing as time passes. But frankly that is a good thing. I remember when I was growing up in Ottawa in the 60's and the 70's and what we had for 'restaurants' was San Fransico style chinese food, a couple of pizza places and a lot of greasy spoons, and that was supposedly the capital of Canada. That isn't the case now. Immigration has changed that for the better. So, WASP's no longer represent the majority in Canada, who cares. The traditions and values have been passed on to a new generation that is multi-cultural in the truest sense of the word, and our immigration system actually works. In the 90's my wife sponsored a family from Eritrea. The mother and 4 young children arrived with no father, but the mother worked her ass off for 25 years at whatever jobs she could get, the government helped, my wife helped and today every one of those 4 children is university educated, completely integtated, wroking in excellent careers and consider themselves to be Canadian in every way. That isn't a singular event. It happened with the boat people, it happened with the Eritreans and now it will happen with the Syrians. What Harper and Baird did with immigration, selling citizenship to non-resident Chinese who have screwed Vancouver and putting restrictions on ordinary everyday folk who actually create a productive economy is not the Canadian way. That is why they are no longer in power and never will be again once election reform is passed. Sure, Canada is expensive. I'm an expat now too, for weather related reasons as well as economic reasons, but to say we have a 'better life' is relative. And I would absolutely NEVER consider moving our assets out of Canada. Banks here are not insured. You deposit into them completely at you own risk. One day a bank is fine and the next day it is closed. We have more money to spend because prices, especially food is cheaper, but there are also a lot of problems that have to be dealt with. Every time you have to deal with the bureaucracy things take 4 times as long and you better have a lawyer involved or your outcome won't be guaranteed. Security is a big issue, both personal and property, and if you want it you have to pay for it. You can't depend on being able to pick up a phone and have a police cruiser at your door in 5 minutes. Language and culture are different. Animals are treated abysmally so the expats needed to form their own SPCA. That costs. There are big problems with alcohol and drugs in the local indigenous populations, so the expats need to get involved in things like ensuring kids get educated, fed, that they get their dental work done etc. That costs. Althought the road system is excellent, native drivers are not. Since we've been here we have been hit 3 times, one of which nearly killed us. That costs. Banks don't cover your credit card for fraud, you pay for your own protection and then you pay for protection from robbery at ATM's. None of those conditions exist in Canada, except perhaps in very isolated areas of Toronto.

Considering the dollar exchange rate, and comparing our adjusted cost of living where we are to Canada, we save a few hundred dollars a month after all is said and done. The biggest boost we got was from selling our property. Now that money is generating income and we don't have the expenses that go along with it. So, when you try to tell me that life is great elsewhere, I can tell YOU that I have direct experience that says otherwise. Life is different. That is all.

BarkingCat's picture

you are a fucking douche nozzle of the highest caliber.

Spewing how great Canada is and don't even live there anymore.

I also bet that you think that you are making the "natives" better whenever you have moved to. Ahh, those poor savages, you will make them civilized.


Go back to you bloody northern paradise and quit screwing up other parts of the world hoser.

You are probably from British Columbia, where most of Canada's assholes reside.

TheObsoleteMan's picture

This jerk is a case study in Zionist induced racial suicide. Full of self loathing and hate for his culture, heritage and people.  He is the perfect creation of the elites, our universities are full of these types. They point to improved diversity of restaurants as the the price worth paying for the destruction of their country. That is sick, the only pill for that is cyanide.


For the purposes of Wall Street 'Bad Behaviour' is operationally defined as Cocaine & Hookers, plus compensation in the seven figure plus range.

J J Pettigrew's picture

Here we go again.  Of course, that's what you get when you reward bad behavior.


<b>Precisely.  When no one went to jail....when they went after Mark Cuban and not the goldman sachs trading desk..

when they took massive fine money so the G could bankroll off the books their little agendas....all guaranteed a reoccurence..

Ron and Rand are right....audit the Fed.</b>

Mr. Universe's picture

Seriously they decided to put freaking Martha Stewart in 'da big house just to show folks justice was being done, talk about Freudenschade.

lasvegaspersona's picture

'earthly belongings' should be fine is the promise of future real stuff (ie currency, bonds and to a large extent equities) that we should all be concerned about.

When the monetary system collapses we will still have our stuff. Our money and all paper wealth  (and debt!!) will just go away. At least this is how hyperinflation has always gone. I do not think anyone has been clever enough to come up with a new scenario for hyperinflationary collapse....all the protestations of 'they will collect every last penny of debt they are owed' not withstanding.

What this system needs is a good enema...and the solution is being prepared...enjoy.

Dicey's picture



Dark Daze's picture
Dark Daze (not verified) Kilgore Trout Feb 5, 2016 7:01 PM

According to what I have read, just yesterday between DB and CS they need a mimimum of 45 Billion in capital just to get by for a few months. Who in their right mind would even buy senior debt when said debt could be turned into worthless common shares in the blink of an eye?

Dark Daze's picture
Dark Daze (not verified) Kilgore Trout Feb 6, 2016 8:49 AM

Up to the beginning of the last crisis everything I wrote about what was coming was trashed. After the collpase began and well into it at least half the people who repsonded were in complete denial. It is no different this time, and why should it be? The people believe the Federal Reserve has magical powers and will save them (with moar debt).

MsCreant's picture

If you need a douche', buy a douche'. Go ahead and FLUSH out your system. 

This will be a vacuum douche'.  Blowback absolutely included. The void will never be filled, there is negative nothing. It will suck us inside out attenuating into an infinite event horizon.