The banking sector is facing liquidity problems, not a solvency crisis, says the CEO of the Bank of Nova Scotia. “This is not about fighting inflation,” Rick Waugh told a bank CEO conference today in Toronto. “This is just about making sure the system is liquid.”The bank bosses agree that recent liquidity injections into the […]
Global study highlights weak climate change governance practices
Any regulatory system that promotes growth necessarily accepts a risk of a meltdown
Tight credit conditions will persist well into 2008
Crisis getting worse for global banks, says UBS
Insurers likely to encounter similar hurdles
Writedowns to trim operating profits
U.S. could face US$2 trillion lending shock
The European Central Bank published a report on EU banking sector stability, warning that short-term risks have increased.The report was prepared by the Banking Supervision Committee of the European System of Central Banks, which comprises representatives of EU national central banks and banking supervisory authorities and the ECB.The report reviews the financial condition of the […]
Majority of banks have adequate capital to absorb SIVs under a worst-case-scenario