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
European Union finance ministers reached an agreement on reforming bank capital rules, a major step towards boosting the bloc's financial stability and a stepping stone towards a deal on a backstop for its bank-rescue fund in June. European Union FinMIns reach agreement Navios Acquisition's charte...
Define Backstop Payment. means the Interim Backstop Payment (as defined in Section 2) and the Aggregate Buyback Amount (as defined in Section 3).
Finance can be a complex and ever-changing field, with various terms and concepts that may seem daunting to the average person. One such term is thebackstop purchaser definition. In this blog post, we will take a deep dive into what a backstop purchaser is, how they play a crucial role ...
and all other amounts constituting the Exchange Fund pursuant to, and in accordance with, the Merger Agreement, together with related fees and expenses; provided that (i) no Sponsor shall, under any circumstances, be obligated to contribute more than its Equity Commitment to Parent, and the Spo...
• 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- ...
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The article reports on the suggestion of the Investment Company Institute that a state-chartered bank or trust company should be created which would provide additional liquidity to prime money market funds in the event of severe market conditions.EBSCO_bspFund Action...
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