Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3

darkog ha scritto:
Non penso sia finita qui.

Poi cmq le azioni non le prendo nemmeno sotto tortura.

Avrei tante cose da acquistare, fine settimana prossima, lancio i missili.

Anche il cross €/$ da pazzi. Ora tornato in area 1,273
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Oggi per la seconda volta, dopo la puntata ad 1.26, ho ridotto le mie posizioni sul dollaro, che avevo in cambio a 1.38 circa.....ne avrei anche fatto volentieri a meno, ma ieri ho chiuso la posizione su venezuela 27 in forte perdita....qualcosa ho incrementato su russia 2028, qualcosa è tornato in euro......
 
Dalle mie parti si dice (e forse non solo qua) "ho una sfiga che se mi cade l'uccello mi rimbalza nel ....".
Ho preso un paio di rimbalzi.
Non gioco a basket.
 
European Union’s Liquidity Requirements Are Weaker than the Basel Committee
Standard, a Credit Negative
Last Friday , the European Commission (EC) published a delegated act on the liquidity coverage ratio
(LCR) that will form part of banks’ capital requirement regulation (CRR). After the January 2013 adoption
of the Basel III standard on LCR, the European Union is incorporating this international standard into its
regulatory framework. Although Basel III’s architecture and many of its provisions are included in the EC’s
LCR ratio, the EC deviated on critical aspects of the regulation, a credit negative.
The differences ensure that the goal of comparability of liquidity ratios globally will not be fulfilled, which
is detrimental to EU banks. The delegated act not only waters down the Basel Committee’s international
standard, but also deviates from some of the recommendations of the European Banking Authority (EBA),
which was keen to minimize the differences between the EU framework and the international standard.
The definition and convergence toward a single standard has been very challenging for European countries
simply because common rules on liquidity did not exist. As a result, the mere transposition of Basel III
standards into all EU jurisdictions would have been more difficult for some countries and banks than for
others. For example, the limitations imposed on the eligibility of covered bonds under Basel III would have
been harmful to most Danish banks, which rely extensively on this asset class to form their liquidity buffer.
Although the EBA had recommended some relaxation of Basel III rules, the delegated act is going even
further in softening the treatment of covered bonds of the highest quality, which are eligible for the Level 1
bucket (best quality) and can make up to 70% of the overall buffer. By the same token, the delegated act
proposes to broaden the list of eligible structured products in the Level 2B bucket (which can account for
no more than 15% of the total buffer) to include auto loans and securitisations backed by small and midsize
enterprise loans, which will positively affect profitability. Another departure from the Basel standard is the
eligibility in banks’ Level 2B buffer of credit lines that EU national central banks and the ECB could extend
under some conditions.
The delegated act does not impose any restrictions on government securities because the EC is concerned
about making distinctions among sovereigns’ credit quality. Although this is in keeping with Basel rules, it
is worth noting that all EU government securities are eligible for Level 1 status regardless of the
creditworthiness or rating of the government. Moreover, although regulators expect banks to have a
diversified pool of liquid assets, no diversification requirement is being applied to government securities.
Last but not least, the CRR and delegated act do not impose the public disclosures that the Basel
Committee recommended in January 2014.
This regulation will not be enforced on 1 January 2015 as per the original schedule, but instead in October
2015, when the minimum threshold is set at 60%; full compliance (100%) is required in January 2018.
Nevertheless, this schedule is contingent on the European Parliament and the EU council not objecting to
the delegated act. An objection from either of the two bodies would amount to a major setback because the
act would then have to go through the normal legislative process (the so called trialogue), the completion of
which would result in postponing the enforcement of the LCR until 2016 at best.
 
Kbc xs0210976329

Venduto un poco di KBC lt2 steepener in usd (un mio titolo prediletto) al prezzo di 110,769 :eek: gentilmente offerto da una controparte evidentemente in stato di ebbrezza :lol:

Compricchiato un pizzico di PSA 2033 ed una ciofeca per amatori (che ho postato nel thread HY).
 
Mi capita sotto gli occhi questo trafiletto di lunedì scorso che posto per fare una risata:
(ANSA) - MILANO, 13 OTT - Accelerano le Borse europee dopo un report di Ftch che gira tra le sale operative, da cui risulta che "la maggior parte delle banche europee supererà gli stress test della Bce". Milano (+1,09%) e Madrid (+0,95%) sono le migliori davanti a Francoforte (+0,71%), Parigi (+0,51%) e Londra (+0,28%). Sugli scudi a Madrid Banco Popular (+2,99%), insieme a Intesa (+3,17%) e Banco Popolare (+3%) e Piraeus (+5%) ad Atene.
 
fabriziof ha scritto:
Mi capita sotto gli occhi questo trafiletto di lunedì scorso che posto per fare una risata:
(ANSA) - MILANO, 13 OTT - Accelerano le Borse europee dopo un report di Ftch che gira tra le sale operative, da cui risulta che "la maggior parte delle banche europee supererà gli stress test della Bce". Milano (+1,09%) e Madrid (+0,95%) sono le migliori davanti a Francoforte (+0,71%), Parigi (+0,51%) e Londra (+0,28%). Sugli scudi a Madrid Banco Popular (+2,99%), insieme a Intesa (+3,17%) e Banco Popolare (+3%) e Piraeus (+5%) ad Atene.
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Permettimi una domanda retorica... la stessa Fitch che ieri ha diffuso il report sui problemi delle banche greche?
Questi davvero pilotano i mercati dove vogliono...
 
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