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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Draghi & ECB Want to Regulate British Banks doing biz in the Eurozone

Lobo
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Draghi & ECB Want to Regulate British Banks doing biz in the Eurozone Empty Draghi & ECB Want to Regulate British Banks doing biz in the Eurozone

Post by Lobo Sat 04 Mar 2017, 5:49 pm

Draghi & ECB Want to Regulate British Banks doing biz in the Eurozone Draghi-010
The ECB is living itself in La La Land. It is demanding that British Banks wishing to do business inside the Eurozone after BREXIT must obtain a license. While this is the same type of requirement for any foreign bank seeking to do business in the USA, the idea that the ECB wants to make sure that British banks are solvent is rather absurd. The reason Euro based banks are in danger of insolvency is because they are euro based bonds of all members as reserves. The British banks remained in British pounds and are head & shoulders above their Eurozone counterparts.
https://www.armstrongeconomics.com/international-news/eastern_europe/draghi-ecb-want-to-regulate-british-banks-doing-biz-in-the-eurozone/

    Current date/time is Tue 31 Jan 2023, 10:50 am