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29 March 2011

European Bank funding threatened as Basel III meets Solvency II


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Bloomberg zufolge sind europäische Banken gezwungen, mehr langfristige Anleihen zu verkaufen, da die Regulierungsbehörden eine weitere Finanzkrise zu verhindern suchen. Die europäischen Versicherer berichten jedoch, dass ihre eigenen Regulierungsbehörden einen Kauf dieser Papiere nicht erlauben.


Basel III’s liquidity rules mean European banks may need to raise as much as €2.3 trillion ($3.2 trillion) in long-term funding, according to New York-based McKinsey & Co. Insurers, the biggest buyers of such debt, are being dissuaded from buying long-term bonds under the European Union’s Solvency II rules, which makes them more expensive to hold.

Press release
 



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