GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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10:33 Nov 26, 2018 |
English language (monolingual) [PRO] Bus/Financial - Finance (general) / Financial | |||||||
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| Selected response from: Yvonne Gallagher Ireland Local time: 09:06 | ||||||
Grading comment
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +4 | (the quality of bank assets/earnings and capital) will be damaged over time but not right away |
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4 | adversely affect/impact bank asset quality |
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Discussion entries: 4 | |
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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. -------------------------------------------------- Note added at 11 hrs (2018-11-26 22:12:49 GMT) -------------------------------------------------- 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... |
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(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 |
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