Financial Regulatory Forum

EU leaders reach deal to rescue Greece

February 11, 2010

By Marcin Grajewski and Jan Strupczewski

BRUSSELS, Feb 11 (Reuters) – European leaders have reached a deal to provide aid to Greece, EU president Herman Van Rompuy said on Thursday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro.

European governments agree to help Greece – source

February 9, 2010
Seeking Alpha

Seeking Alpha

By Matthias Sobolewski

BERLIN, Feb 9 (Reuters) – European governments have agreed in principle to help heavily indebted Greece, a senior German coalition source said on Tuesday, in what would be the first rescue of a euro zone member in the currency’s 11-year history.

Austria nationalises Hypo to avoid bank’s collapse

December 14, 2009

By Christian Gutlederer and Peter Maushagen

VIENNA/MUNICH, Dec 14 (Reuters) – Austria nationalised Hypo Group Alpe Adria on Monday to avoid a collapse that could have undermined trust in banks in eastern Europe and cast doubt over Austria’s and Germany’s backing of state-owned lenders.

ECB’s Trichet: Europe needs to improve legal tools

December 7, 2009
Trichet: need better tools

Trichet: need better tools

    PARIS, Dec 7 (Reuters) – Europe needs new tools to ensure authorities can intervene effectively in the case of the failure of a systemically important financial institution, European Central Bank President Jean-Claude Trichet said on Monday. (more…)

ECB’s Trichet-hard to judge financial stability

November 18, 2009

Jean-Claude Trichet, President of the European Central Bank (ECB) REUTERS/Johannes Eisele (GERMANY BUSINESS)    FRANKFURT, Nov 18 (Reuters) – Assessing the stability of Europe’s financial institutions is “particularly complex” at the moment, European Central Bank President Jean-Claude Trichet said on Wednesday. (more…)

European Central Bank welcomes new role in new European supervisory body

November 4, 2009

  FRANKFURT, Nov 4 (Reuters) – The European Central Bank welcomed plans to give it the key role in a new European supervisory body, saying it would neither distract it from ensuring price stability nor create a threat to its independence.

BIS-New bank rules help avoid booms, busts-Trichet

September 7, 2009

ECB-RATES/    BASEL, Sept 7 (Reuters) – New global rules for bank oversight should help ease boom-and-bust cycles and prevent the build-up of asset bubbles, top central bankers said on Monday. (more…)