Search Results for: MoU
Dollar at 12-year peak on euro, emerging markets spooked
March 10th, 2015
The U.S. dollar scored multi-year highs against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for interest rates globally, while currencies from emerging markets came under mounting pressure from risk aversion. The skittish mood spread to Asian ...
Remarks by Jeroen Dijsselbloem at the press conference following the Eurogroup meeting of 9 March 2015
March 10th, 2015
Remarks by Jeroen Dijsselbloem: Let me first report on our discussion on fiscal surveillance. In our meeting of 8 December we identified risks that seven Member States might not comply with the Stability and Growth Pact (SGP) in 2015 ...
No more weak links – elite law firms unite to fight cyber security threat
March 9th, 2015
It has long been a gripe among major clients – in particular banks – that law firms are the chink in the armour against the growing barrage of cyber attacks. In response, some of the world’s top law firms ...
Interview with Benoît Cœuré, Member of the Executive Board of the ECB
March 9th, 2015
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Yannis Seitanidis on 8 March 2015 The ECB’s Governing Council had a meeting in Nicosia, two years after the “bail-in” agreement on the recapitalisation of ...
International and regional bodies that combat money laundering (part C)
March 9th, 2015
Introduction Money laundering is a global phenomenon that thrives parasitically on the world’s financial markets. It ignores national boundaries in much the same way that the financial market place does. It has been accepted that this problem requires both ...
China Has Announced Plans For A ‘World Currency’
March 6th, 2015
The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, ...
Annual result of the Swiss National Bank for 2014
March 6th, 2015
The Swiss National Bank (SNB) is reporting a profit of CHF 38.3 billion for the year 2014 (2013: loss of CHF 9.1 billion). The profit on foreign currency positions amounted to CHF 34.5 billion. A valuation gain of CHF ...
All US banks pass first phase of ‘stress test’
March 6th, 2015
All 31 US banks have passed the first hurdle in the Federal Reserve’s latest round of annual “stress tests” to see how they would cope in the next economic crisis. The central bank said the banks had enough capital ...
ECB decisions may prove to be a blessing in disguise
March 6th, 2015
Draghi adds 500 million euros to ELA, giving banks a breather European Central Bank Governor Mario Draghi announced on Thursday a board decision on Greece that may appear tough but in fact averts a default during March at least ...
Mario Draghi: Introductory statement to the press conference in Nicosia
March 5th, 2015
Latest Update, March 06, on March 05 release of President of the ECB Introductory statement. The update is regarding Questions and Answers. You can find the Questions and Answers at the end of the following statement. Mario Draghi, President ...
