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EU
executive
sees
personal
savings
used
to
plug
long
financing
BY HUW LONDON
JONES Wed Feb 12,2014 6: 00pm EST Tweet Share this Email Print Cyber attack on bitcoin a bigwarningto currency ' s users Russia says Syria aiddraft couldopen door tomilitary action Exclusive :EU executive sees personal savingsused topluglong term financing gap
2 COMMENTS
A picture illustration taken withthemultiple exposure function ofthecamerashowsa oneEurocoin anda map of Europe ,January 9,2013. CREDIT:REUTERS / KAIPFAFFENBACH
POLITISPHERE
and help plug the gap leftby banks since the financial document says .
crisis ,an EU
The EU
the 28 -country bloc from itsheavy reliance on bank ,infrastructure projects and other Meet Janet Yellen ' s Fed posse
"The economic
AsJanet Yellen faces Congress for thefirst timeasFed chair ,here ' sa look atherinner circle -four trusted advisers who haveherear andwhosepublic wordswill closely align withherown thinking .Video The farm game ' s new rules
http://www.reuters.com/article/2014/02/12/us-eu-banks-savings-idUSBREA1B1ZI20140212
2/13/2014 6:34:04 AM
Exclusive: EU executive sees personal savings used to plug long-term financing gap | Reuters
Page 2
The Commission
advice on a possible draft law "to mobilize more financing ",the document said .
Follow Reuters Banks have complained they are hindered from lending to the economy by post -crisisrules
forcing them
to hold much
larger safety cushions of capital and liquidity . Facebook Twitter RSS YouTube
The document
financing will be reviewed over the next two years ,a process likelyto be scrutinized in the United States and elsewhere to head off any risk of EU banks gaining an unfair advantage .
The EU
a study by the end of this year on the feasibility of funds could be pooled and
introducing an EU
The Commission
Itisalso seeking to revive the securitization market ,which pools loans like mortgages bonds that banks can sellto raise funding for themselves tarnished by the financial crisiswhen or companies .The market
into
was
The document
will "take into account possible future increases in the itcomes to finalizinga new rule on
liquidityof a number
what assets banks can place in their new liquiditybuffers .This signals a possible loosening of the definition of eligibleassets from the bloc ' s banking watchdog .
EU
rules treat covered bonds by the end of this year , by Denmark with itslarge market in bonds
,where
investors 'engagement
More
controversially,the Commission
assets at the going rate in a new globally agreed accounting regarding long -term investing business models ".
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http://www.reuters.com/article/2014/02/12/us-eu-banks-savings-idUSBREA1B1ZI20140212
2/13/2014 6:34:04 AM
Exclusive: EU executive sees personal savings used to plug long-term financing gap | Reuters
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We welcomecomments that advancethestory through relevant opinion ,anecdotes ,links and data .If you see a comment that you believe isirrelevant orinappropriate ,you can flag it tooureditors by using thereport abuselinks .Viewsexpressed inthe comments do notrepresent those ofReuters .Formore information on ourcomment policy ,see http : / / blogs . reuters . com / fulldisclosure / 2010/ 09/ 27/ toward amorethoughtful conversation onstories / Comments (2 )
sabrefencer wrote: sure,strip the banks ,or the people,oftheir hard earned and maybe safe dollars throw them intorisk that s a greatformula
Feb 12,2014 5: 33pm EST - Report as abuse sabrefencer wrote: sure,strip the banks ,or the people,oftheir hard earned and maybe safe dollars throw them intorisk that s a greatformula
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http://www.reuters.com/article/2014/02/12/us-eu-banks-savings-idUSBREA1B1ZI20140212
2/13/2014 6:34:04 AM
Exclusive: EU executive sees personal savings used to plug long-term financing gap | Reuters
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http://www.reuters.com/article/2014/02/12/us-eu-banks-savings-idUSBREA1B1ZI20140212
2/13/2014 6:34:04 AM