新动向：开闸！用黄水灌溉欧元区！

ctcld

22 June 2012 - ECB takes further measures to increase collateral availability for counterparties

On 20 June 2012 the Governing Council of the European Central Bank (ECB) decided on additional measures to improve the access of the banking sector to Eurosystem operations in order to further support the provision of credit to households and non-financial corporations.

The Governing Council has reduced the rating threshold and amended the eligibility requirements for certain asset-backed securities (ABSs). It has thus broadened the scope of the measures to increase collateral availability which were introduced on 8 December 2011 and which remain applicable. In addition to the ABSs that are already eligible for use as collateral in Eurosystem operations, the Eurosystem will consider the following ABSs as eligible:

1. Auto loan, leasing and consumer finance ABSs and ABSs backed by commercial mortgages (CMBSs) which have a second-best rating of at least "single A"1 in the Eurosystem's harmonised credit scale, at issuance and at all times subsequently. These ABSs will be subject to a valuation haircut of 16%.

2. Residential mortgage-backed securities (RMBSs), securities backed by loans to small- and medium-sized enterprises (SMEs), auto loan, leasing and consumer finance ABSs and CMBSs which have a second-best rating of at least "triple B"2 in the Eurosystem's harmonised credit scale, at issuance and at all times subsequently. RMBSs, securities backed by loans to SMEs, and auto loan, leasing and consumer finance ABSs would be subject to a valuation haircut of 26%, while CMBSs would be subject to a valuation haircut of 32%.

The risk control framework with higher haircuts applicable to the newly eligible ABS aims at ensuring risk equalisation across asset classes and maintaining the risk profile of the Eurosystem.

The newly eligible ABSs must also satisfy additional requirements which will be specified in the legal act to be adopted Thursday, 28 June 2012. The measures will take effect as soon as the relevant legal act enters into force.  

欧洲央行周五宣布，放宽抵押品规定。此举旨在使银行业更易于获得欧洲央行融资。

欧洲央行宣布，降低某些资产支持证券的评级门槛，某些商业抵押贷款、汽车贷款、融资贷款以及消费者贷款的担保规定均在放宽之列。

根据周五发布的欧洲央行新规，信用评级达到BBB(-)的特定证券均能够用作抵押品。而根据此前规定，欧洲央行能够接受的抵押品，其最低评级至少需为A。此举意图在于强化西班牙银行业。

欧洲央行决议一出，德国央行发言人立马表示，对欧洲央行放宽抵押品规定的作法持批评立场。

WSJ上日曾指出，若欧洲央行放宽抵押品规定，恐引发市场对其资产负债表安全性的新一轮担忧。欧洲央行目前的资产负债表总值已超过3万亿欧元（合3.82万亿美元）。

silicon_beaver

源济

九天

是不是意味着欧元降。
因为不懂FA，经常看不懂，希望你们高手能给出个看法，我想主要就这么几点。
SP，EURUSD， Gold， Bond， Oil。

ctcld

欧洲四大国领导人同意1300亿欧元增长方案

德国、法国、意大利和西班牙领导人今天在罗马召开峰会，就1300亿欧元的经济增长方案达成一致。

下面是各领导人的表态，据路透、每日电讯、卫报等：

德国默克尔：直接用救助基金给银行融资违反条约。我当然同意其他所有人说的，将欧洲1%的GDP用来促进增长，促进增长效率和投资。

法国奥朗德：欧盟峰会必须给欧元区以信心，增长措施需要加速。将尽快引进金融交易税。

西班牙拉霍伊：在预算缺口控制上达成了一致。领导人同意促进金融稳定的机制。EFSF可以在二级市场上购买债务，欧洲央行在特别情况下也可以买债券。承诺将使用所有可用的工具。

意大利蒙蒂：欧盟作出了巨大的努力提振欧元区。但欧盟采取的措施仍然不够，特别是在增长方面。四国同意只有预算纪律还不够，还需要增长和就业。委员会将提供规模为1%GDP的增长方案，或为1300亿欧元。

cat2011

waterhouse

benbendan

ctcld 发表于 2012-6-22 11:24
22 June 2012 - ECB takes further measures to increase collateral availability for counterparties

...

那大汉把手里包袱往柜台上一扔：“一个猪头，当两千两银子。”

silicon_beaver

benbendan 发表于 2012-6-24 17:54
那大汉把手里包袱往柜台上一扔：“一个猪头，当两千两银子。”

--- 一个猪头，当两千两银子。

两千两银子!!!