Search Results for: European Central Bank
What would ‘Brexit’ mean for Europe’s capital markets? Clifford Chance report analyses the legal and regulatory challenges
March 21st, 2016
AFME has today published a report, commissioned from Clifford Chance, which analyses the potential impact of a UK exit from the EU on Europe’s capital markets. The report, entitled “The UK Referendum: Challenges for Europe’s Capital Markets”, was written ...
The ECB and John Law
March 21st, 2016
Last week, the ECB extended its monetary madness, pushing deposit rates further into negative figures. It is extending quantitative easing from sovereign debt into non-financial investment grade bonds, while increasing the pace of acquisition to €80bn per month. The ...
Vladimir Putin Starts His Own Ratings Firm
March 18th, 2016
Moody’s, Fitch forced to stop national ratings under new rules Kremlin had condemned barrage of downgrades as political Vladimir Putin’s homegrown credit-ratings firm is up and running and foreign competitors are already feeling the heat. In the past three ...
China Drafts Rules for Tobin Tax on Currency Transactions
March 15th, 2016
Initial rate of levy may be kept at zero, people familiar said The rules still need central government approval, they said China’s central bank has drafted rules for a tax on foreign-exchange transactions that would help curb currency speculation, according ...
Hungary set to cut lending rate to boost inflation
March 11th, 2016
Hungary’s central bank is set to lower its main lending rate and adjust its overnight rates to try to rekindle inflation, one of the central European country’s top central bankers said on Thursday. Adjusting the overnight rates would come ...
Is This The End? Draghi Fires His Bazooka And Markets Turn Away In Disgust
March 11th, 2016
ECB chair Mario Draghi delivered big-time this morning by announcing lower interest rates and a new round of debt monetization. Historically, this kind of thing has sent the financial markets into Pavlovian ecstasy, with stocks soaring and the local ...
Oil Prices Sink As Investors Lose Faith In OPEC Freeze
March 11th, 2016
Two hundred and twenty-two years after John Stone patented the pile driver, and the oil market is trying to dodge getting hammered today. After yesterday’s EIA-inspired hullabaloo, oil is looking lower. Here are seven things to consider on this ...
Draghi Defines His Era With Stimulus Measures Locked Into Next Decade
March 11th, 2016
Lending program can lock in ultra-low rates until next decade ECB action provides rebuttal to doubts over central bank power Whether Mario Draghi’s latest barrage of stimulus works or not, the European Central Bank president made one thing clear on ...
FOREX-Euro pressured ahead of ECB, kiwi skids on RBNZ rate cut
March 10th, 2016
RBNZ surprises with interest rate cut, signals more easing Euro slips amid expectations of further ECB easing steps Loonie firms after Bank of Canada holds pat on policy The euro was under pressure in Asian trade on Thursday ahead ...
Mark Carney: EU exit is ‘biggest domestic risk’
March 9th, 2016
The possibility of Britain leaving the EU is the “biggest domestic risk to financial stability”, Bank of England governor Mark Carney has said. He told the Treasury Committee that an exit vote could create economic uncertainty, although he added ...
