Shadow banks must be dealt with in future That’s my vault empty of Sherlock pics so I hope he’s finished.
26 nations have signed an intergovernmental agreement on the transfer and mutualisation of contributions to a single resolution fund. Whoohoo! Hang on, isn’t there 28 states? Looks like the UK and Sweden went through with their promise not to sign … Continue reading
Starting to see some progress in lending now, lending channels are improving Problem of lending was down to lack of demand as well as lack of supply SME survey listed lack of customers ahead of lack of available credit UK’s … Continue reading
ECB subject to jurisdiction of ECJ View low inflation for protracted period of time Length of time of low inflation not unprecedented Most of downward path in core inflation is mostly down to price adjustment in programme countries This shows … Continue reading
ECB involvement in Troika was meant to improve transmission of policies for program countries Must reach swift conclusion on SRM Need strict separation between resolution and supervision Wants to double speed taken to put bank stops in place (5 years … Continue reading
Because of the meeting this week. Booooooo! He’s now giving a review of the last few years following the debt crisis. ZZZzzzzzz Decided to raise rates as energy prices drove up inflation Then cut rates as the crisis became more … Continue reading
And neither is tomorrow. No decision today or tomorrow on banking union Euro group has no proposal on Greek aid today Finland’s fin min Jutta Urpilainen is also not circling the calendar; Banking union solution may take time to reach … Continue reading