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Short-Term Crisis Management And Long-Term Vision: How Europe Responds To The Crisis - Speech By Benoît Cœuré, Member Of The Executive Board Of The ECB, CEMLA’s 60th Anniversary Commemorative Conference, Central Bank Cooperation At The Beginning Of The 21st Century, Mexico City, 20 July 2012

Date 20/07/2012

Ladies and gentlemen,

Thank you very much for inviting me to speak at this session on central bank cooperation in times of crises. From the euro area perspective, central bank cooperation has worked very well during the crisis. We have had continuous dialogue since the early stages of the crisis in 2007, which continues to the present day. Our network of currency swap lines with the Federal Reserve, the Bank of England, the Swiss National Bank, the Bank of Japan and Bank of Canada have helped ensure foreign liquidity for the euro area and euro liquidity abroad. There has also been successful international cooperation through the IMF. Overall, these measures have played an important role in easing strains in financial markets

Irish Stock Exchange Equities Trading Activity Up 14% In First Half Of 2012

Date 20/07/2012

• More than 10,000 equity trades per day recorded in Q2 
• ISEQ equity indices ahead by between 8% and 21% in first half of 2012 
• ISEQ bond indices continue to grow with returns of up to 16.6% in 2012
• Over €110m raised by companies trading on the Irish market during Q2

SIFMA Testifies On Dodd-Frank Act’s Impact On Municipal Finance

Date 20/07/2012

Kenneth Gibbs, president of the Municipal Securities Group at Jefferies & Company, Inc., SIFMA board member and Chair of SIFMA’s Municipal Securities Division, testified today before the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises at a hearing addressing the impact of the Dodd-Frank Act on municipal finance.

Statement By The Eurogroup - Spain

Date 20/07/2012

Ministers unanimously   agreed   today   to   grant   financial   assistance   for   the recapitalisation  of  financial  institutions  in  response  to  the  Spanish  authorities' request on 25 June 2012. Ministers concur with the assessment of the Commission, inliaison with the ECB, the EBA and the IMF, that providing a loan to Spain for the purpose of the recapitalisation of financial institutions is warranted to safeguard financial stability in the euro area as a whole. The Eurogroup agreed that the Fund for Orderly Bank Restructuring (F.R.O.B.), acting as agent of the Spanish government, will receive the funds and channel them to the financial institutions concerned. The Spanish government will retain the full responsibility of the financial assistance.

U.S. Treasury’s Office Of Financial Research Releases Inaugural Annual Report

Date 20/07/2012

The U.S. Department of the Treasury’s Office of Financial Research (OFR) released its inaugural Annual Report to Congress today.

TOM MTF Statistics Week 29 2012

Date 20/07/2012

Click here to download the weekly statistics update of TOM MTF for week 29 - 2012. 

IMF Managing Director Christine Lagarde Welcomes The Eurogroup’s Decision To Grant Financial Assistance To Spain

Date 20/07/2012

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today on the decision by the Eurogroup to provide up to €100 billion in financial assistance to Spain to strengthen its financial institutions:

Decisions Taken By The Governing Council Of The European Central Bank In Addition To Decisions Setting Interest Rates

Date 20/07/2012

Market operations

Temporary measures relating to the eligibility of certain additional asset-backed securities as Eurosystem collateral

On 28 June 2012 the Governing Council adopted Decision ECB/2012/11 amending Decision ECB/2011/25 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral. The amendment extends the eligibility criteria for asset-backed securities to be accepted as eligible collateral in Eurosystem monetary policy operations. The Decision was published on the same day on the ECB’s website.

US Federal Reserve Governor Elizabeth A. Duke At The Center For Latin American Monetary Studies 60th Anniversary Conference, Mexico City, Mexico, July 20, 2012, Central Bank Cooperation In Times Of Crisis

Date 20/07/2012

It is a pleasure to participate in this commemorative conference on the occasion of the 60th anniversary of the Center for Latin American Monetary Studies (CEMLA). Since its establishment in 1952, CEMLA has achieved a great deal on both the policy and research fronts to promote our understanding of monetary and banking issues in Latin America and the Caribbean.

Statement By Vice President Rehn Following The Eurogroup's Agreement On The Sectoral Programme For Spain

Date 20/07/2012

Today's unanimous endorsement by the Eurogroup of the sectoral programme for Spain opens the way to the necessary recapitalisation and repair of the country's financial sector. The aim of this programme is very clear: to provide Spain with healthy, effectively regulated and rigorously supervised banks, capable of nurturing sustainable economic growth.