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This Policy Brief was adapted from a paper written by the three authors and presented by Bruegel Director Jean Pisani-Ferry at the informal ECOFIN Council meetings in Gothenburg, Sweden, on 1 Oct. In the brief, the authors argue that bank recapitalisation and restructuring should be a matter of...
Persistent link: https://www.econbiz.de/10009463775
Nicolas Véron and Adam Posen believe Europe should build new long term European joint-action to face the likely high rising number of insolvent banks on the continent. The authors propose on the one hand, a centralised triage and restructuring process of bad European banks lead by a new...
Persistent link: https://www.econbiz.de/10009463800
Public authorities overseeing the International Financial Reporting Standards (IFRS) Foundation, through the Monitoring Board in place sinceearly 2009, should encourage the Foundation to make itself more directlyaccountable to the global investment community. The Monitoring Board should...
Persistent link: https://www.econbiz.de/10009463746
In all likelihood, the European Commission’s proposed tax on financial services, the financial transaction tax (FTT …
Persistent link: https://www.econbiz.de/10009463809
The IFRS 8 standard on operating segments was included in the IASB-FASB convergence program in February 2006 and subsequently adopted by the IASB in November 2006, in spite of widespread negative sentiment about it among investors and other users of financial statements, which the IASB should...
Persistent link: https://www.econbiz.de/10009463859
. Unlike UCITS, MiFID is a horizontal directive that cuts across the entire financial services industry (except for insurance …
Persistent link: https://www.econbiz.de/10009463891
The EU financial services industry has experienced an enormous regulatory adaptation over the past decade. The dust … new Basel norms on capital adequacy for banks have to be implemented by the end of 2006, and the MiFID directive … regulating capital market activity will be applicable from late 2007 onwards. With almost ever year over the last 10 years having …
Persistent link: https://www.econbiz.de/10009463892
the fact that the Financial Services Action Plan was primarily geared towards equity markets. Given the crucial role … played by bond markets in the economy through the capital allocation process, monetary policy decisions and the hedging of …
Persistent link: https://www.econbiz.de/10009463904
This ECMI Policy Brief attempts to contribute to the ongoing policy debate on MiFID art. 65.1, which tasks the Commission with conducting a study to report on whether the trade transparency requirements that currently apply to share trading ought to be extended to non-equity markets. It presents...
Persistent link: https://www.econbiz.de/10009463961
Capital Markets Institute (ECMI) Head of Research Jean-Pierre Casey contributes to this important debate with the second ECMI … sync with the lessons of modern portfolio theory. ECMI is an independent research body specialising in research on capital …
Persistent link: https://www.econbiz.de/10009463962