Mirabile dictu!

21 Oct, 2011 at 13:46 | Posted in Economics | Comments Off on Mirabile dictu!

Äntligen verkar det som om EU ska börja ställa krav på bankerna och inte bara villkorslöst strö skattebetalarnas pengar omkring sig.
Financial Times
berättar:

Distressed European Union banks that tap national governments or the region’s €440bn rescue fund for capital will be subject to state-aid penalties, involving compulsory restructuring or – in the worst case – orderly wind-downs.

The stance – on the agenda at this weekend’s EU summit – has emerged after intense debate between European officials and bankers over whether the plan for forced recapitalisations should be exempt from normal state-aid rules.

European Banking Authority see a capital gap of about €80bn if banks marked holdings of troubled sovereign bonds down to market prices and then had to lift core tier one capital ratios – a key signal of strength – to 9 per cent.

In draft guidelines, seen by the FT, for the operation of the enhanced European financial stability facility, EU governments say a “planned restructuring/resolution of financial institutions” is “the sine qua non condition” for assistance.

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