Posts Tagged ‘sistem bancar’

The monetary policy of the European Central Bank has been too tight. This is shown in the fall of core annual inflation to just 0.8 per cent in the year to October 2013. The case for the monetary easing undertaken last week was overwhelming. Indeed, it was long overdue.



Gradul de subscriere este relativ sub asteptarile pietei, dat fiind ca, in urma cu circa o luna, inainte si in timpul ofertei SNN, entuziasmul in piata era atat de mare incat nici unul dintre brokeri nu estima un grad de supra-subscriere mai mic de 5x. Pana la finele ofertei, gradul de supra-subscriere pe transa investitorilor de retail (cu discount de 5% respectiv 3% – de azi incolo … ) s-ar putea majora pana la putin peste 4x. ATENTIE! In ultima zi a ofertei am putea asista la cel mai mare razboi al nervilor purtat vreodata intre marile grupuri bancare din Ro …


The European Central Bank has launched its search for the person who will chair the new EU-level banking supervisory board.

The powerful new post is part of the response to the eurozone’s crisis over government debt, in which troubled banks have burdened government finances. Banking rules are to be enforced by the ECB at the European Union level _ instead of by national supervisors who can be reluctant to tackle problems in their home banks.


The financial crisis served to differentiate two types of investments–the ones that get bailed out and the ones that don’t. Investors naturally have a preference for the former. That means big banks can get cheap credit. And what does Basel tell them they can do with their cheap credit? Buy government bonds.

So what we have had over the past ten years is a massive exercise in credit allocation by the world’s bank regulators. They offer explicit and implicit guarantees to banks that invest in assets officially designated as low risk, and now they are shocked, shocked to find capital pouring into exactly those assets.

De citit si : Ce vrăji (mai) face statul banilor noştri?

De completat lectura cu: O dispută mai veche: este Statul un “manipulator” al pieţelor? Un comentariu nou: Aurelian Dochia


Unul dintre efectele crizei prin care trece sistemul bancar european este acela ca modelul de finantare ce sta la baza economiei americane este, treptat, preluat si in Europa. In America – circa 3 sferturi din finantarea acordata agentilor economici este prelevata din piata de capital, si doar un sfert este furnizata de banci … in Europa, lucrurile stau exact invers: 3 sferturi din finantarea companiilor este asigurata de banci, si doar un sfert prin piata de capital. Lucrurile tind insa sa se schimbe in Europa, unde, fondurile de investitii incep sa ofere finantare companiilor, ocolindu-se astfel bancile.


Criza din Europa se adânceşte, iar asta se vede şi în preţul de pe bursă al acţiunilor băncilor listate. Unele sunt însă mai afectate decât celelalte. Care sunt cele 10 cele mai vândute acţiuni bancare pe bursele din Europa? (more…)