Cable demands UK stress-test transparency

In a letter to the regulator, the Liberal Democrat shadow chancellor says it must declare the terms of its inquiries to help avoid undermining confidence in the sector. The letter, addressed to FSA chairman Lord Adair Turner, says it should include the methodology it employs, the scenarios used and the results of the tests against the benchmarks. Cable's remarks come just a day after the Federal Reserve determined 10 of the 19 banks it tested would require additional capital. "We need a system that is as open and transparent as that in the US," Cable writes. "It must be made clear to ...