Posts Tagged Banking System
UNASUR Announced the South American Development Bank
Posted by Bogdan Marius Beleuz in Banking System, Global Financial System on May 21, 2012
18 May 2012, Buenos Aires The Union of South American Nations (UNASUR) announced that the South American Development Bank (o Banco del Sur) should be operational during the second half of 2012. The new bank is intended to complement existing regional development banks like the Andean Development Corporation (CAF) and the Inter-American Development Bank (IDB).
EU Strength the Banking System
Posted by Bogdan Marius Beleuz in Banking System, European Union Regulation on May 16, 2012
14 May 2012, Brussels The EU Economic and Monetary Affairs Committee agreed to require banks to improve and strength their defences against future financial shocks. The tighter rules will be applied to bank capital issues (the funds held by a bank in the form of cash, real estate, bonds, shares, and loans such as mortgages etc. ) and to its liquidity (how easily it can be converted into cash in order to make payouts to creditors and depositors). The proposed rules are being following an international agreement called Basel III and, if the European Parliament approve it, the EU would become the first entity to institute the new requirements.
IMF Launches Institute for Capacity Development
Posted by Bogdan Marius Beleuz in Banking System, Global Financial System on May 4, 2012
1 May 2012
The International Monetary Fund (IMF) launched the Institute for Capacity Development to help member countries develop their capacity and build more robust economic and financial institutions.