EU in Deal for Common Backstop for Wind-Down FundEuro-zone finance ministers early Wednesday morning struck a deal to create a common "backstop" for a fund that is supposed to pay for winding down failing banks.DaltonNormanSteinhauser
UK and EU are way ahead of the US in some areas that matter. If not regulations then law or the general aspects of governance and social attitudes which are all interlinked. I know the classic GDP/neoliberal school don’t get it but that’s a systemic pressure which effects outcomes. htt...
• The bank would direct the Federal Reserve to establish a contingency funding account in its name and advance into that fund, as discount window borrowing, an amount up to a maximum of i) one-half of the lendable value of all its prepositioned discount window collateral and ii) one- ...
A proposal to create a single European Unionwide mechanism for winding down failed banks includes a plan for a 55-bil-euro fund that would be financed by bank levies and capital markets. Gov'ts could veto bank resolutions that involve the potential use of taxpayer money. The backstop also ...
The author offers opinions on the eurozone monetary union of European Union (EU) countries, stating that an agreement for a fund to resolve failed banks reached by eurozone finance ministers is a sign that the worst of the banking crisis in the eurozone is over.Wall Street Journal - Eastern ...
It is noted that various finance ministers see the bank rescue plan of the EU as a significant breakthrough.Yarker, Jonfundweb
The results have implications for index fund managers of BRICS markets to include Dash and Ripple in their portfolio as safe haven assets to protect its value during a stock market crisis. Keywords: cryptocurrency; NARDL; safe haven; stock index; asymmetric; COVID-19; emerging market 1. ...