Raising interest rates and unwinding quantitative easing will cause an unavoidable economic “shock” even after the recovery is established, two former Bank of England policymakers have warned.
http://www.telegraph.co.uk/finance/economics/10056484/Rate-rise-will-trigger-economic-shock-former-BoE-policymakers-warn.html
Proposed European Union rules governing how losses are imposed on creditors in a failed bank pose the risk of a “domino effect” threatening financial stability in Britain, George Osborne will warn on Tuesday.
At a meeting of EU finance ministers, the Chancellor will give British backing to a new principle that taxpayers should no longer have to pick up the bill for insolvent banks, meaning that debts must be written off, replacing bail-outs with “bail-ins” of creditors.
http://www.telegraph.co.uk/finance/financialcrisis/10055202/EU-bank-proposals-risk-domino-sequence-of-failures.html
http://www.telegraph.co.uk/finance/financialcrisis/10055202/EU-bank-proposals-risk-domino-sequence-of-failures.html
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| The European Council adopted a directive and a regulation amending the EU's ... Balkans.com Business News The directive and regulation amend existing legislation on CRAs in order to reduce investors' over-reliance on external credit ratings, mitigate the risk of conflicts of interest in credit rating activities and increase transparency and competition in ... See all stories on this topic » |
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