Richard Wells

Brit in NZ; Own EV, robot mower, solar; rugby supporter 🏴󠁧󠁢󠁥󠁮󠁧󠁿 🇳🇿; anti Brexit; retired after 30+ yrs in retail banks; renewables;

[Richard Wells @RichWells01]

@daraobriain Great show, lots of laughs (🇬🇧 now living in 🇳🇿)

[Richard Wells @RichWells01]

No #kiwibakeoff this year, just announced today! They’re showing the Oz version instead. Any ideas what happened?

[Richard Wells @RichWells01]

@mac_puck Thanks!

[Richard Wells @RichWells01]

@mac_puck I suspect the figures also exclude any benefit of being able to recycle much of the EV’s components?

[Richard Wells @RichWells01]

@Rh_Garner @zoomiami @zoos_aquariums Thanks for posting this. I’ve just contacted the zoo too.

[Richard Wells @RichWells01]

@TamathaPaul @ClareOC85655261 @Mihi_Forbes That’s great! There’s so much more you can do with lights these days. No need for fireworks 🙂

[Richard Wells @RichWells01]

@bertsbooks Terry Pratchett: A Life With Footnotes

[Richard Wells @RichWells01]

@netatmo @patchthefish Mine are now back on, thanks

[Richard Wells @RichWells01]

@nathaliejacoby1 (The) Depressed (state)

[Richard Wells @RichWells01]

@MattChorley If those thoughts are true, then the logical next step is to do something about it, because we can’t. Quite cowardly otherwise.

[Richard Wells @RichWells01]

@MartinSLewis @Taskmaster! Enough said 😀

[Richard Wells @RichWells01]

@BobKerns @richardfrodin @ZisKnow 😂 The answer is most likely 42 if it’s a complicated question

[Richard Wells @RichWells01]

@BobKerns @richardfrodin @ZisKnow It’s a favourite topic of mine, have completed reg returns to BoE for over 20 years 😀

[Richard Wells @RichWells01]

@BobKerns @richardfrodin @ZisKnow I assume the RR is the US equivalent of the Basel liquidity reqmts used in Europe (where typically 0% risk weighted liquidity needs to match estimated 30 days of withdrawals from deposits etc)?

[Richard Wells @RichWells01]

@richardfrodin @BobKerns @ZisKnow Quite right!

[Richard Wells @RichWells01]

@richardfrodin @BobKerns @ZisKnow I fully support a lot of what Richard says. But here “Deposits are there to protect them from bad lending decisions i.e. they are effectively bank capital.” That’s simply not true.

[Richard Wells @RichWells01]

@richardfrodin @BobKerns @ZisKnow Ok, key point is that in all (I think) circumstances there needs to be borrowing before lending (assuming there’s no surplus cash left from any capital). Liquidity is key to all this.

[Richard Wells @RichWells01]

@BobKerns @richardfrodin @ZisKnow I also love that certain terms can have very different meanings, even in this discussion. For example, reserves in the balance sheet are part of accounting capital whereas the discussion here has them as separate; a bank borrows money from customers - which are their deposits.

[Richard Wells @RichWells01]

@BobKerns @richardfrodin @ZisKnow I love that you've ended up where I started - you need to borrow the money first (typically customer deposits for a retail bank) before you can lend it.