MishTalk

SEPTEMBER 18, 2014

Following on the "success" of the ECB''s LTRO (Long Term Refinance Operation) which did nothing to spur lending and everything to create the biggest sovereign bond bubble the world has ever seen, ECB president Mario Draghi announced a TLTRO or Targeted LTRO on September 4. If they miss the targets, they must pay the funds back in 2016.

Balance Sheet 66

Balance Sheet Banking Operations Policies 66

MishTalk

SEPTEMBER 4, 2014

Governing Council decided today to lower the interest rate on the main refinancing operations of the Eurosystem by 10 basis points to 0.05% and the rate on the marginal lending facility by 10 basis points to 0.30%. The detailed modalities of these programmes will be announced after the Governing Council meeting of 2 October 2014.

Banking 74

Banking Balance Sheet Government Comparison 74

MishTalk

APRIL 1, 2015

The Corporate Fund is Chicago’s general operating fund. Chicago’s property tax revenues do not go into its general operating fund. The objective of these deals was to provide budget relief for the city’s general operating fund in the short term, even if the structure means escalating debt service payments in the long term.

Financial 28

Financial Engineering Finance Government 28

MishTalk

DECEMBER 17, 2013

A Financial Times analysis of the full banking union resolution process for a lender operating in three countries reveals the labyrinthine procedure that would still be required to wind up a bank. Its resolution system will only be up and running from 2016. Some senior officials are warning the proposals are too cumbersome.

Banking 73

Banking Finance Balance Sheet Financial 73