Obbligazioni perpetue e subordinate SNS Reeal in diretta: storia di un esproprio - Notizie, informazioni e commenti (2 lettori)

[Cat XL]

Leggete qui

Qui c'e qualcosa che non quadra...

DNB wilde besluit SNS Reaal al vóór 6 november

DNB wanted SNS decision already before 6 November

 

[reef]

Qui c'e qualcosa che non quadra...

DNB wilde besluit SNS Reaal al vóór 6 november

DNB wanted SNS decision already before 6 November

Ecco l'articolo tradotto in inglese con google

De Nederlandsche Bank (DNB) and Finance initially wanted no later than 6 November last year have a solution for SNS.

This is stated in a letter dated 2 October 2012 from DNB to the then Finance Minister Jan Kees de Jager. These and other letters by RTL News Monday on its website put. Eventually SNS on February 1 this year entirely nationalized.
On 6 November 2012, SNS, in the letter referred to as Mercury, its results for the third quarter publish. In May last year urged DNB already in action.
Emergency
Director oversight January Sijbrand insists in his letter to a speedy decision on SNS. Sijbrand wants an emergency occur. Intervention in an emergency, according to him harmful and more expensive for the state than an orchestrated action involving private parties. This clearly shows that Sijbrand keen to lay a nationalization prevention.
A public-private solution would have other advantages, says Sijbrand. "Moreover, such, orchestrated public-private solution to the confidence in the Dutch financial sector and the Dutch authorities." And further: "Finally, it promotes the diversity of the Dutch financial sector and Mercury as (self) bank remains."
Scenarios
At the time of the letter of 2 October DNB works in the following scenarios: sale of the insurer of SNS and a capital injection by the three major banks in SNS plus a guarantee from the State for the bad real estate loans of SNS. With no mention Sijbrand in this letter about a scenario in which venture capitalist CVC plays a role.
The participation of the major banks in SNS would later however, the European Commission must be rejected. The argument: two banks (ABN Amro and ING) have an acquisition ban because they themselves have aid.
From a previously published letter from DNB, dated January 24, show that DNB still got hope after the "case team" of the Commission in November had asked to draw up proposals for the participation of the major banks in a 'bad bank'. This would help the bad loans of SNS Property Finance's real estate subsidiary can be accommodated.
Pillar lapse
But in December lights a senior official of the Commission here is also a stop. This is an important pillar of the public-private bailout to expire. Probably even longer time trying Finance Commission to change its mind, because the three big banks are still up in January doing a book study of Property Finance.
This is evident from a letter from CVC to Finance of 11 January 2013. It says that even consult with the Finance Committee. This letter also states that Treasury would have said that the chances of the CVC and SNS jointly developed bailout small. Nationalisation was already the most viable option for Finance.

 

[Topgun1976]

Dutch Lawmakers Slam Nation

 

[Cat XL]

Ecco l'articolo tradotto in inglese con google

Metti o tieni da parte anche la versione Olandese che serve. Grazie

 

[ferdo]

Dutch Lawmakers Slam Nation

su bene che vengano a galle mancanze della banca centrale

 

[Cat XL]

su bene che vengano a galle mancanze della banca centrale

Il problema e' chi paga? Per questo sono negativo su qualsiasi causa fatta in Olanda che pur dobbiamo giustamente fare. E' in Europa dove possiamo avere qualche possibilita'.

 

[sinequanon]

Cookies op de websites van RTL Nederland

Da notare la "alta qualità" del rapporto C&W rispetto a quello di E&Y....... non ho parole.....
se applicassero i criteri di valutazione di C&W ai portafogli delle altre banche holland ci sarebbe un buco da far invidia al pozzo di san patrizio
ù

 

[gionmorg]

SNS REAAL : ISDA to Continue Discussions on SNS Reaal CDS Case
02/14/2013| 10:25am US/Eastern
The International Swaps and Derivatives Association Inc., the industry body regulating derivatives contracts, said Thursday it will continue discussions on the case of nationalized Dutch lender SNS Bank NV (SR.AE).

The committee had decided Wednesday that subordinated bondholders, whose investment was wiped out when SNS Reaal was nationalized Feb. 1, can claim compensation from sellers under their credit default swap contracts.

ISDA discussed Thursday whether an auction should be held to settle these claims. However, it resolved to meet again and continue discussions when the volume of outstanding transactions on this name has been obtained.

SNS Reaal has an unknown, but understood to be small, volume of credit default swaps contracts outstanding.

CDS are derivatives that function like a default insurance contract for debt. If a borrower defaults, sellers compensate buyers.

The SNS Reaal case, although small, has come under scrutiny as a test for European bond market and debt derivative products designed to pay out in the case a bond defaults. Due to procedural issues in the Dutch state's nationalization of the bank, investors are still uncertain if their protection bought to insure against the borrower's default will cover them adequately.

Investors will be looking at this case for clarity for future bank bailouts--such as those foreseen in Cyprus and those being executed in Spain.

Write to Serena Ruffoni at [email protected]

 

[belindo]

Domani si pronuncia la corte sull'esprorpio, verso che ora sapremo qualcosa?

 

[bluto]

Domani si pronuncia la corte sull'esprorpio, verso che ora sapremo qualcosa?

no, domani c'è la prima udienza

decisioni non prima del 25/02