Monthly Archives: January 2016

//January

ECB’s Draghi faces risks in talking up stimulus prospects

FRANKFURT—European Central Bank President Mario Draghi over the past week has repeatedly talked up the prospects of additional stimulus for the eurozone, doubling down on his unexpected pledge to review the bank’s €1.5 trillion ($1.63 trillion) stimulus program in March. Potentially complicating his efforts: The members of the ECB’s governing council aren’t as united [...]

By |2017-07-21T14:18:03+00:00January 29th, 2016|News|Comments Off on ECB’s Draghi faces risks in talking up stimulus prospects

Results of the Q1 2016 ECB Survey of Professional Forecasters (SPF)

SPF inflation expectations have been revised downwards for 2016 from 1.0 to 0.7 percent Real GDP growth expectations are unchanged in the 1.7-1.8% range Unemployment rate forecasts have been revised downward and remain on a downward path Respondents to the ECB’s Survey of Professional Forecasters (SPF, Q1 2016) have revised their inflations expectations for [...]

By |2017-07-21T14:18:23+00:00January 22nd, 2016|News|Comments Off on Results of the Q1 2016 ECB Survey of Professional Forecasters (SPF)

China worries weigh ahead of European Central Bank policy decision

FRANKFURT—European Central Bank policy makers here are accustomed to looking south for economic trouble spots. In the past, weakness in Greece and southern Europe has hindered growth in the 19-country currency bloc. But when rate-setters meet for a policy decision Thursday, they are expected to be looking far to the east, because Chinese market [...]

By |2017-07-21T14:18:46+00:00January 19th, 2016|News|Comments Off on China worries weigh ahead of European Central Bank policy decision

Sanctions confusion leaves European banks wary of Iran business

European banks will be wary about conducting new business in Iran even after many international sanctions are lifted, European executives and officials have warned — potentially limiting the economic benefits Iran will receive from its landmark nuclear deal with world powers. Still stinging from fines levied by US regulators for breaching the old sanctions [...]

By |2017-07-21T14:19:09+00:00January 17th, 2016|News|Comments Off on Sanctions confusion leaves European banks wary of Iran business

ECB under fire as Portugal hits Novo Banco bondholders

Investors have cried foul, threatening legal action and claiming Portugal is discriminating between holders of the same class of bonds and thus breaching the pari passu principle of equal treatment to protect domestic bondholders. “They are sending a signal that property rights and the rule of law in Portugal are not respected,” said Philippe [...]

By |2017-07-21T14:19:55+00:00January 8th, 2016|News|Comments Off on ECB under fire as Portugal hits Novo Banco bondholders

Single resolution mechanism to come into effect for the Banking Union

The Single Resolution Mechanism (SRM) will become fully operational on 1 January 2016. The SRM implements the EU-wide Bank Recovery and Resolution Directive (BRRD) in the euro area. The full resolution powers of the Single Resolution Board (SRB) will also apply as of 1 January 2016 (IP/14/2784). A milestone on building the Banking Union [...]

By |2017-07-21T14:20:34+00:00January 4th, 2016|News|Comments Off on Single resolution mechanism to come into effect for the Banking Union