Under heavy pressure from the banking industry, European regulators are considering loosening some rules that require lenders to maintain deep pools of ultrasafe assets to protect them in a crisis, according to bankers and regulatory officials involved in the discussions.Policy makers and regulators in the European Union are weighing whether to permit banks to hold a broader variety of assets to meet new safety standards.
Let’s face it folks, they wouldn’t be lobbying about this if there wasn’t a problem. And it looks like there might be a big one right here in London City…with a capital C and that rhymes with T and stands for trouble. Six days ago, (the very next day after another of those ATM hardware glitches) Lloyds Bank issued senior unsecured bonds worth $1.26 billion.
Stay tuned. Hat tip to Rolf for spotting this one.
A piece delving even further into the ECB-organised Eurozone-wide household-wealth survey results reveals what may well have been the MerkeSchäuble’s motive in raping the Cypriot banking system: jealousy.
But as always, we should be wary of German data: they tend to have their money in fat pension plans, not houses. I think I’m right is saying that expectations via pension plans aren’t included in such ‘wealth’ definitions.
A further confirmation of The Slog’s prediction that there is a shortfall in the Greece’s financing for the second half of the year, estimated at €5 billion-€6 billion.
Further details are leaking out about the links between Italian and Japanese banks floated last week by The Slog.
‘The bank’s former Chairman Giuseppe Mussari and former CEO Antonio Vigni are on trial in Siena charged with misleading regulators about the so-called Alexandria transaction with Japanese broker Nomura, one of a series of risky derivatives trades investigated by prosecutors.’
The Slog 