Eurozone

News & Analysis as of

Eurozone Member States Reach Preliminary Agreement on ESM Direct Recapitalization Instrument

On June 10, a statement by the President of the Eurogroup was published announcing that the Eurozone has reached a political understanding on the operational framework of a direct recapitalization instrument (DRI) for the...more

Signature of the Intergovernmental Agreement on the Single Resolution Fund

On May 21, the Council of the EU published the agreement on the transfer and mutualisation of contributions to the single resolution fund (SRF) (also referred to as the intergovernmental agreement (IGA))....more

EU Banks –Dog Bites Man, Again

The Financial Times reported on April 2 that the Eurozone Banks continue to load up on sovereign debt; generally, the debt of their respective host countries. A few days later, the Financial Times reported a bevy of talking...more

"Restructuring ELA Liabilities: Lessons From Ireland"

The Irish banking crisis has provided some insights into the use by EU member states of emergency liquidity assistance (ELA), which supports financial institutions or markets that are experiencing an exceptional and temporary...more

Orrick's Financial Industry Week in Review - July 22, 2013

SEC and EU Supervisory Cooperation for Asset Management Industry - On July 19, the SEC announced that it signed various memoranda of understanding with the financial regulators of 25 member states of the EU and 3...more

SEC and EU Supervisory Cooperation for Asset Management Industry

On July 19, the SEC announced that it signed various memoranda of understanding with the financial regulators of 25 member states of the EU and 3 regulators of the European Economic Area as part of a long-term strategy to...more

Black Swans in Camo: Continued Concern about the European Community

I have written periodically in this Blog about my persistent concerns about the European economy and its capacity to negatively impact ours. I get wound up, then I get swayed by the majority views of the chattering class who...more

Skadden's 2013 Insights: Corporate Restructuring

The global reach of capital markets, financial difficulties in the eurozone and the multinational nature of many businesses and financial institutions have increased the importance of understanding legal, business and other...more

Crunched Credit - January 2013

Below are links to some recent CrunchedCredit posts,including a preview of next week’s CREFC conference inMiami. For more information or to subscribe, visit us atCrunchedCredit.com. You can also sign up to receiveemail alerts...more

Spanish Bailout Dilemma Gets More Acute

Despite the best efforts of the Spanish people and Prime Minister Mariano Rajoy, the European Union will almost certainly need to bail out yet another struggling member state. This time it is Spain, the fourth largest economy...more

10 Results
|
View per page
Page: of 1