Due to certain irregularities concerning the balance sheets of big Americain banks three year ago, the ECB (European Central Bank) has constructed new rules to encourage banks to clean their balance sheets. Since the bankruptcy of the business bank Lehman Brothers, the strategy of the ECB was to lend financial means in return for certain assets, now they want to make sure that these assets won’t lose value over the period of the lend. This means that from now on, the ECB will be capable of refusing assets that don’t correspond to the conditions held up by the ECB. The new regulations will become active this weekend.
Nicolas Soenen
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