fidw99
100% perpetual
ora il broker è 61,50 / 63,5
il tuo acquisto ha fatto salire il mercato, sei una potenza !!
Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 2 (20 lettori)
- Creatore Discussione caligola2005
- Data di Inizio
- Stato
ora il broker è 61,50 / 63,5
il tuo acquisto ha fatto salire il mercato, sei una potenza !!
fidw99
100% perpetual
ora il broker è 61,50 / 63,5
il tuo acquisto ha fatto salire il mercato, sei una potenza !!
ragazzi, comunque il gioco su otc ora è proprio questo, bisogna scovare quei titoli che sono fermi da 2-3gg e che i broker non hanno ancora alzato, appena spazzolata via la lettera si alzano bene perchè il mercato è salito
Zorba
Bos 4 Mod
Grazie Cat per il report. IMHO l'analista non ha capito bene come funzionano le Cat. A.
drbs315
Forumer storico
La 004 sarà la prima ad avere il ricalcolo del rendimento nel 2015. In qualsiasi condizione di mercato Aegon potrebbe avere convenienza a fare una tender offer prima di quella data, poichè se il tasso TdS sarà molto basso, le altre due saranno schizzate verso l'alto e la tender sarà più cara.
Se invece il tasso TdS sarà alto, la 004 diventerà immediatamente vantaggiosa rispetto alle altre due, ma con il tasso TdS alto Aegon potrebbe avere maggiori difficoltà a finanziarsi a tassi inferiori.
Altre opinioni gradite
Ho la 004 e la 889; quindi, pur sperandolo, non vedo la convenienza per Aegon a tenderare (pagherà cmq, verosimilmente, pochissimo le cedole su dei t1 che la proroga di solv 2 può rendere più utili per l'emittente). Ci si affida all'aspetto reputazionale per la call (debole) e ai riacquisti a mercato.
Il vantaggio, una tantum, di mettere utili a bilancio non lo vedo molto stimolante. Cmq chissà che non vogliano dare un messaggio agli investitori; altre strade non ne vedo.
drbs315
Forumer storico
SPAGNA: CREDITI DUBBI BANCHE AL 10,51%, NUOVO PICCO STORICO IN AGOSTO
(Il Sole 24 Ore Radiocor) - Madrid, 18 ott - Il tasso dei
crediti dubbi delle banche spagnole, comparto che beneficia
di un piato di aiuti europeo, ha raggiunto in agosto un
picco storico: il massimo dal 1962, ovvero da quando e'
iniziato questo tipo di rilievi. E' quanto ha reso noto la
Banca centrale spagnola, precisando che i crediti dubbi -
soprattutto imputati al settore immobiliare - sono pari al
10,51% del totale dei crediti, con un importo pari a 178,58
miliardi di euro.
Man-
(RADIOCOR) 18-10-12 11:23:11 (0161) 5 NNNN
(Il Sole 24 Ore Radiocor) - Madrid, 18 ott - Il tasso dei
crediti dubbi delle banche spagnole, comparto che beneficia
di un piato di aiuti europeo, ha raggiunto in agosto un
picco storico: il massimo dal 1962, ovvero da quando e'
iniziato questo tipo di rilievi. E' quanto ha reso noto la
Banca centrale spagnola, precisando che i crediti dubbi -
soprattutto imputati al settore immobiliare - sono pari al
10,51% del totale dei crediti, con un importo pari a 178,58
miliardi di euro.
Man-
(RADIOCOR) 18-10-12 11:23:11 (0161) 5 NNNN
negusneg
New Member
New European Insurance Rules Could Be Delayed
By ULRIKE DAUER And ALEXANDRA EDINGER
FRANKFURT—Europe's insurers will likely get a reprieve of up to two years to fully implement a planned overhaul of rules governing the capital buffers they need to stay in business during times of stress, according to the sector's top regulator in the region.
The currently envisaged Jan. 1, 2014, starting date for fully implementing the detailed requirements on capital, risk and reporting in the European Union—dubbed Solvency II—is completely out of reach, said Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority, or Eiopa.
"Under the best scenario, Solvency II could start to be implemented either 2015 or 2016. It depends on the length of the legal and political process," Mr. Bernardiono said in an interview. "At the end of the day, we'll probably go to 2016, but it is still to be seen."
Some delay was expected, but Mr. Bernardino is the first official to publicly discuss the timing in concrete terms. Eiopa advises the European Commission on technical issues regarding Solvency II, but the political decision on when to start the new regime will be made by the European Parliament, the commission and the European Council.
As a result of the financial crisis, banks and insurers alike face tougher regulation, although insurers have fared substantially better through the crisis than banks. Solvency II is the insurance industry's European equivalent of the widely discussed Basel III global requirements for banks.
The original deadline had been the cause of concern to insurers, who argued that information technology, risk management and reporting systems would need to be adapted to the new requirements. Some of the rules aren't yet clear.
Prudential PLC, the U.K.'s biggest insurer by market capitalization, has warned that it may move its headquarters from London to Asia due to the uncertainty over the solvency rules.
A State Street research note from April said the commission initially estimated that compliance with Solvency II would cost European insurers between €2 billion and €3 billion over a period of five years. According to the State Street note, some insurers are earmarking sums in excess of €100 million each for the project.
Insurers welcomed Mr. Bernardino's comments Wednesday.
Roland Vogel, chief financial officer of reinsurer Hannover Re AG, HNR1.XE -0.58%said insurers have been criticizing deficiencies in the planned regulation and that it was important to discuss and include improvements. Still, he said, changes and delays cause "immense costs" given that the industry has prepared for the new regime for quite some time. He also said the political and legislative process needs to be more efficient.
The regime had been set to start Jan. 1, 2013, with full implementation set for the start of 2014. Fitch Ratings said last month that the January 2014 date for full implementation could be delayed by a year because of the lengthy legislative process in Brussels.
"We welcome a postponement as it allows to resolve the still-open questions and to sufficiently test the effects of any Solvency II rules prior to finalizing the Solvency II directive," said a spokesman for Allianz SE, Europe's biggest insurer by market capitalization.
Not all were of the same view.
"Scor would like those insurance and reinsurance companies that will be ready, with an operational internal model, on 1 January 2014, to be able to officially move to the new Solvency II regime without waiting until 2015," said Denis Kessler, chief executive of French reinsurer Scor SE.
"These companies have invested considerable resources in order to respect the initial Solvency II schedule and to be ready in time. Scor has done its utmost to respect the initial schedule and has already submitted its internal model to ACP, the French prudential supervisory authority," Mr. Kessler said.
Earlier this month, in a letter to the commission, Mr. Bernardino urged European legislators to come up with a credible timetable for introducing the Solvency II regulations.
"From the political institutions there clearly is the idea and the firm will to come up with a concrete, credible timetable," Mr. Bernardino said when asked how the letter was received in Brussels.
"The Commission would like the European Parliament and the European Council to decide soon about the way forward in the negotiations on Solvency II, so that the official starting date can be clarified once and for all," said commission spokesman Stefaan De Rynck Wednesday.
Mr. Bernardino said it needs to be clear whether some of the elements of Solvency II could be applied prior to the official start, in areas such as risk management, for instance. He also said Eiopa will carry out another stress test of the resilience of European insurers sometime next year, the first since 2011.
Last year's stress test found that the European insurance sector remains robust and has enough capital overall to withstand potential future shocks, even though 10% of the region's insurers failed the harshest of several stress- test scenarios, leaving the sector as a whole €4.4 billion short of its minimum capital requirement under Solvency II.
By ULRIKE DAUER And ALEXANDRA EDINGER
FRANKFURT—Europe's insurers will likely get a reprieve of up to two years to fully implement a planned overhaul of rules governing the capital buffers they need to stay in business during times of stress, according to the sector's top regulator in the region.
The currently envisaged Jan. 1, 2014, starting date for fully implementing the detailed requirements on capital, risk and reporting in the European Union—dubbed Solvency II—is completely out of reach, said Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority, or Eiopa.
"Under the best scenario, Solvency II could start to be implemented either 2015 or 2016. It depends on the length of the legal and political process," Mr. Bernardiono said in an interview. "At the end of the day, we'll probably go to 2016, but it is still to be seen."
Some delay was expected, but Mr. Bernardino is the first official to publicly discuss the timing in concrete terms. Eiopa advises the European Commission on technical issues regarding Solvency II, but the political decision on when to start the new regime will be made by the European Parliament, the commission and the European Council.
As a result of the financial crisis, banks and insurers alike face tougher regulation, although insurers have fared substantially better through the crisis than banks. Solvency II is the insurance industry's European equivalent of the widely discussed Basel III global requirements for banks.
The original deadline had been the cause of concern to insurers, who argued that information technology, risk management and reporting systems would need to be adapted to the new requirements. Some of the rules aren't yet clear.
Prudential PLC, the U.K.'s biggest insurer by market capitalization, has warned that it may move its headquarters from London to Asia due to the uncertainty over the solvency rules.
A State Street research note from April said the commission initially estimated that compliance with Solvency II would cost European insurers between €2 billion and €3 billion over a period of five years. According to the State Street note, some insurers are earmarking sums in excess of €100 million each for the project.
Insurers welcomed Mr. Bernardino's comments Wednesday.
Roland Vogel, chief financial officer of reinsurer Hannover Re AG, HNR1.XE -0.58%said insurers have been criticizing deficiencies in the planned regulation and that it was important to discuss and include improvements. Still, he said, changes and delays cause "immense costs" given that the industry has prepared for the new regime for quite some time. He also said the political and legislative process needs to be more efficient.
The regime had been set to start Jan. 1, 2013, with full implementation set for the start of 2014. Fitch Ratings said last month that the January 2014 date for full implementation could be delayed by a year because of the lengthy legislative process in Brussels.
"We welcome a postponement as it allows to resolve the still-open questions and to sufficiently test the effects of any Solvency II rules prior to finalizing the Solvency II directive," said a spokesman for Allianz SE, Europe's biggest insurer by market capitalization.
Not all were of the same view.
"Scor would like those insurance and reinsurance companies that will be ready, with an operational internal model, on 1 January 2014, to be able to officially move to the new Solvency II regime without waiting until 2015," said Denis Kessler, chief executive of French reinsurer Scor SE.
"These companies have invested considerable resources in order to respect the initial Solvency II schedule and to be ready in time. Scor has done its utmost to respect the initial schedule and has already submitted its internal model to ACP, the French prudential supervisory authority," Mr. Kessler said.
Earlier this month, in a letter to the commission, Mr. Bernardino urged European legislators to come up with a credible timetable for introducing the Solvency II regulations.
"From the political institutions there clearly is the idea and the firm will to come up with a concrete, credible timetable," Mr. Bernardino said when asked how the letter was received in Brussels.
"The Commission would like the European Parliament and the European Council to decide soon about the way forward in the negotiations on Solvency II, so that the official starting date can be clarified once and for all," said commission spokesman Stefaan De Rynck Wednesday.
Mr. Bernardino said it needs to be clear whether some of the elements of Solvency II could be applied prior to the official start, in areas such as risk management, for instance. He also said Eiopa will carry out another stress test of the resilience of European insurers sometime next year, the first since 2011.
Last year's stress test found that the European insurance sector remains robust and has enough capital overall to withstand potential future shocks, even though 10% of the region's insurers failed the harshest of several stress- test scenarios, leaving the sector as a whole €4.4 billion short of its minimum capital requirement under Solvency II.
rowing
Forumer attivo
bosmeld
Forumer storico
Grazie Cat per il report. IMHO l'analista non ha capito bene come funzionano le Cat. A.
io dico solo una cosa:
come è possibile che Equita valuta fonsai risp B 200% valore nominale
e valuta fonsai risp A 65% valore nominale, considerando in più che ha anche dividendo cumulato?
in più sono le stesse azioni, con la differenza che la A è senior rispetto alla B
io francametne non riesco a capire come siano arrivati a quel valore. motivo per cui ho intenzione di chiamarli
Ultima modifica:
- Stato