tag:blogger.com,1999:blog-8764541874043694159.post415693270731324509..comments2024-03-28T12:23:39.665+00:00Comments on Coppola Comment: Espirito Santo: complexity, opacity and moral hazardFrances Coppolahttp://www.blogger.com/profile/09399390283774592713noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8764541874043694159.post-43805764459762512272014-07-17T21:45:19.044+01:002014-07-17T21:45:19.044+01:00Sounds about right, Jon! Sounds about right, Jon! Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-22861494534211588042014-07-17T21:38:24.383+01:002014-07-17T21:38:24.383+01:00I probably shouldn't be flippant here, but I a...I probably shouldn't be flippant here, but I am trying to imagine the conversation when Espirito Santo passed its EBA stress test back in July of 2011.<br /><br />EBA: Please demonstrate the stability of the Bank.<br /><br />BES: Well, that's hard to do when you have a very opaque ownership structure including parent companies outside the scope of the EBA.<br /><br />EBA: True enough. OK. Next!jon liveseynoreply@blogger.com