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Whatever, man... There is no point talking to you if insults are the best thing you can come up with. I am outta here.

Firstly, whether or not banks see or don't see peril in something doesn't necessarily imply that such peril exists or doesn't. To hijack your very own example, banks didn't see peril in subprime MBS and CDOs. More broadly, but very current, the finance industry sees peril from the adoption of...

Huh? Bank of Cyprus was restructured and Laiki Bank was closed, since both were insolvent. Indeed, this was the decision of the government, but, last I checked, Cyprus was a democracy. In a democracy, the elected government decides what's legal and what isn't. Therefore, by construction, the...

Huh? When did I ever say anything regarding the normality of NIRP? You're confused, mate... What is my reason for being here on ET? Simple, it's mostly entertainment. Reading comments like yours relieves occasional boredom. As to media damage control, yes, you're not the first to accuse me...

If you say so... I have no idea, because, frankly, I don't give a damn...

Is that a trick question? No, of course it doesn't... That's Bernanke stating his view, obviously. As of Jun 30, 2015 the FDIC DIF balance was $67.6bn. Obviously, the FDIC is also explicitly backed by the U.S. govt.

Huh? Empirical evidence is not produced by "talking heads". It's called empirical, since it is based on actual observed facts. As to being curious, you seem to know exactly what the future holds, so I am really not sure there's any point talking about it.

Well, of course it has something to do with FDIC, don't be silly... Up to a certain amount deposits are insured by the FDIC. As to the bail-in, it's not the bank that confiscates your deposit, obviously. As the bank is bankrupt at that point. Whoever is administering the estate (ultimately...

Whatever you say, gentlemen...

Rightly so... Deposits above the FDIC-insured limit are at risk, as well they should be. I have absolutely no idea how that leads you to expect banks to take bigger risks.

Well, firstly, the mkt overreacted, in my opinion. Secondly, I actually don't think it happened because of the threat of NIRP. The sovereign wealth fund community has been overweight financials and was selling.

Well, I dunno about what they will inflate... One thing I do know is that the empirical evidence suggests that banks will do just fine.

Somewhere else where is the question... Especially where institutional, rather than retail depositors, are concerned.

What makes you think banks will have a problem with "deep NIRP"?

Not necessarily... Given that there are monthly expiries onto quarterly futures, this won't always be the case, obviously. In this particular case, for the Apr expiry option the underlying is the M6 futures contract.

Did you obtain the specific answers to your questions from the specs page?

I'd take the polls with a very large pinch of salt, if I were you... Betfair odds didn't move much, as you should be able to see.

http://www.cmegroup.com/trading/fx/g10/euro-fx_contractSpecs_options.html?optionExpiration=60-J6 Should be reasonably clear answers to all you questions in there...

The odds of Brexit are arnd 33% on Betfair... They have a handy tool which shows you the evolution of the odds with time: https://www.betfair.com/exchange/#/politics/event/27442890/market?marketId=1.118739911 (Click on the little chart icon and then check the "Inverse axis" box)

Nah, still bullsh1t, mate, and the metaphor is inappropriate...