play through to

English translation: (the quality of bank assets/earnings and capital) will have an impact over time but not right away

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:play through to
Selected answer:(the quality of bank assets/earnings and capital) will have an impact over time but not right away
Entered by: Yvonne Gallagher

10:33 Nov 26, 2018
English language (monolingual) [PRO]
Bus/Financial - Finance (general) / Financial
English term or phrase: play through to
"U.K. banks will likely be the most vulnerable banks in a no-deal Brexit, but even severe macroeconomic weakness leading to rising corporate insolvencies and weaker collateral values would only play through to bank asset quality and undermine bank earnings and capital over time."

Having trouble understanding what the second of the sentence is really trying to say, especially the "play through to" part - is it implying that even in a recession, banks will be in comparatively stable situation compared to corporations and that there is unlikely to be immediate fallout for them?
Lincoln Hui
Hong Kong
Local time: 16:06
(the quality of bank assets/earnings and capital) will be damaged over time but not right away
Explanation:
"even severe macroeconomic weakness leading to rising corporate insolvencies and weaker collateral values"

will have an impact over time rather than right away

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Note added at 20 mins (2018-11-26 10:53:57 GMT)
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play through is like "boil down to" here but this is not a comparison of banks and corporations. It's rather saying that UK banks are probably more viulnerable than banks elsewhere in a no-deal situation.

If and when corporations fail, banks will be impacted but it may take some time for this scenario to play out.

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Note added at 24 mins (2018-11-26 10:58:00 GMT)
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typo: vulnerable

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Note added at 2 days 2 hrs (2018-11-28 12:40:45 GMT) Post-grading
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Glad to have helped
Selected response from:

Yvonne Gallagher
Ireland
Local time: 09:06
Grading comment
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +4(the quality of bank assets/earnings and capital) will be damaged over time but not right away
Yvonne Gallagher
4adversely affect/impact bank asset quality
Luis M. Sosa


Discussion entries: 4





  

Answers


11 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
adversely affect/impact bank asset quality


Explanation:
The paragraph maps likely events.

This is a chain reaction going from a no-deal Brexit (1) through macroeconomic weakness (2) that in turn results in both rising corporate insolvencies (3) and weaker collateral values (4) that adversely affect/impact bank asset quality (5) and undermine bank earnings (6) and capital (7) over time.

It is like both (3) and (4) having an adverse impact on (5), (6), and (7). It is (3) and (4) deteriorating (5), (6) and (7).

Yes, something happens at the end, but that is a set of negative or adverse changes/impacts.

These are terms widely used in the financial press on a daily basis.


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Note added at 11 hrs (2018-11-26 22:12:49 GMT)
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See also:
http://uk.businessinsider.com/no-deal-brexit-impact-uk-econo...



    Reference: http://www.bloomberg.com/news/articles/2018-10-22/brexit-hei...
    Reference: http://www.theguardian.com/politics/2018/oct/19/no-deal-brex...
Luis M. Sosa
Ecuador
Local time: 03:06
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 1

Peer comments on this answer (and responses from the answerer)
neutral  Yvonne Gallagher: Really a disagree because you haven't answered the question asked. See Dbox
13 hrs
Login to enter a peer comment (or grade)

13 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +4
(the quality of bank assets/earnings and capital) will be damaged over time but not right away


Explanation:
"even severe macroeconomic weakness leading to rising corporate insolvencies and weaker collateral values"

will have an impact over time rather than right away

--------------------------------------------------
Note added at 20 mins (2018-11-26 10:53:57 GMT)
--------------------------------------------------

play through is like "boil down to" here but this is not a comparison of banks and corporations. It's rather saying that UK banks are probably more viulnerable than banks elsewhere in a no-deal situation.

If and when corporations fail, banks will be impacted but it may take some time for this scenario to play out.

--------------------------------------------------
Note added at 24 mins (2018-11-26 10:58:00 GMT)
--------------------------------------------------

typo: vulnerable

--------------------------------------------------
Note added at 2 days 2 hrs (2018-11-28 12:40:45 GMT) Post-grading
--------------------------------------------------

Glad to have helped

Yvonne Gallagher
Ireland
Local time: 09:06
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 44

Peer comments on this answer (and responses from the answerer)
agree  Piyush Ojha: That's the way I read it too.
8 mins
  -> Many thanks:-)

agree  Charles Davis: Yes; "play through to" presumably means something like "culminate/result in after a long(ish) process".
1 hr
  -> Many thanks:-) yes, "play through" implies a process from start to finish rather than one abrupt impact

agree  Patricia Fierro, M. Sc.
2 hrs
  -> Many thanks:-)

agree  Shekhar Banerjee
16 hrs
  -> Many thanks:-)
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