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

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.

Blog at WordPress.com.
Entries and comments feeds.