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7 October gsaxcess 2013 At the poor results of banks Virant help ESM's seen as the best option
EU Finance Ministers's are confirming the legal basis of sealed an agreement on a single European banking supervision, the first pillar of the banking union, which the EU wants to avoid new crises. Monitoring will be launched in November 2014.
One of the central issues was the establishment and operation of national resolution funds, to be followed later somehow related to a common European fund. National gsaxcess funds, which would be fed by contributions from the financial sector to ten years after the establishment contain 0.8 percent of covered deposits of all credit institutions operating in the country.
"We currently this discussion gsaxcess mainly monitored, otherwise some sort of fund to rescue banks have in the form of bad bank" gsaxcess is a question gsaxcess of preparing the Slovenian Fund for solving succinctly answered the minister gsaxcess Uros Čufer. To talk about the details but for now his words, "very premature".
Banks will have to find private saviors basic principle of the bank rescue will be that banks will have to be poor performers were on a systematic review next year, first try to find a private gsaxcess solution, then comes the state aid and in the extreme gsaxcess case of European aid.
From 1 August otherwise subject to the new European rules on state aid, according to which the public before any rescue banks obligatory 'and bail "- it is a mechanism that requires banks to contribute to the resolution of the shareholders, subordinated and senior unsecured creditors and savers.
The Act is otherwise triggered hostile reaction from small shareholders, holders gsaxcess of subordinated and hybrid bonds, warning that the government thus "retroactively without gsaxcess prejudice to the rights of holders of hybrid and subordinated bonds" that can have such an arrangement irreparable damage to the entire financial sector and to use all available resources to protect their interests.
Minister Čufer on complaints replied that the issue of subordinated debt governed by the rules of the European gsaxcess Commission, with effect from 1 August. "So this debate fully completed," said Minister departure from today's meeting in Luxembourg.
Even in the event of a request for constitutional gsaxcess review of the Banking Act the Minister of complications is expected. "I think this is now the standard in Europe, and I think there should not be any problem," he pointed out. About how much would be collected with the use of the "bail and" in dealing with Slovenian banks, Čufer today did not want to talk.
The head of the Eurogroup Jeroen Dijsselbloem, who will visit Slovenia on Monday, the very day when the projected sources expect the results of a review of the NLB has, however, said that there are many members who do not have adequate legislation, and expressed his expectation that the Slovenia take care of it quickly. Netherlands and Germany, for example, it is already arranged.
Unknown methodology for system checks bank is part of the debate on the EU banking is also the question of the methodology by which next year will be conducted systematic review of 130 European banks. The methodology is yet not known, while Slovenia has repeatedly expressed a desire to have tests for all banks as stringent as tests for Slovenian banks.
"These tests are now being developed at European level are still in the preparation phase, so difficult to comment on. Expected to tests that are with us are prepared, such that they meet all the requirements of the European Central Bank," is the This Čufer said.
On the question of whether it is already known or Slovenia will have next year through the entire process of European review, although a comprehensive review of Slovenian banks conducted earlier today, the Minister replied: "We'll see after the stress tests have been completed. Then the We will discuss how to move forward. "
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# 15/10/2013 at 21:14 solution of lustration: 1 Step Two: all that since 1991 to date in any act of state policy, state firms and banks to lose their right to life provision of any public office. 2 step: for all bad debts to find the culprits and recover and confiscate the assets of the repayment of the whole of the debts. 3 Step purify the Public Administration of all paragrafarskih rubber plants and in positions of responsibility puts people with a sense of people - educated staff put more than enough 4 Step purge the judiciary - all the regime litigants, judges are replaced by young, thoughtful and fair people. Then we'll already have the basis for overcoming the crisis and the real basis for investment in economic recovery etc.. Unfortunately, this is my wet dream and 10% of Slovenians who have the levers of power in their hands will do all that something like this will never happen. Strain
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