capital requirements for banks and investment companies (Basel III) (see cepPolicyBriefs), - the two Regulations on the delegation of key tasks of banking supervision for all banks in the Euro Zone to [...] envisaged necessary are stricter capital requirements for banks (see cepPolicyBrief) and a European banking supervision. The European banking supervision should not be carried out by the ECB in order [...] s for banks are essential. Without them, countries may be forced to keep system-relevant banks alive, at the expense of the taxpayer, in order to avoid their insolvency threatening other banks thus
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from the banking sector, the Single Resolution Mechanism has sufficient resources at its disposal to finance possible residual resolution costs for troubled banks, in accordance with the Bank Recovery [...] the banking sector and limit the bank-sovereign loop. To this end, it will set out how work can be 14On 19th October 2015, the Bank Recovery [...] about the euro area take place first, ahead of country-specific discussions, so that common challenges are fully reflected in country-specific actions. The Commission will therefore, as part of its
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and • The ease of SMEs to access bank and non-bank financing. 3.1. The capacity of financial institutions to channel long-term finance Commercial banks Banks have traditionally been the most important [...] evolving nature of the banking sector, going forward, what role do you see for banks in the channelling of financing to long-term investments? National and multilateral development banks and financial incentives [...] investment decision-making? 25) Is there a need to develop specific long-term benchmarks? 3.4 The ease of SMEs to access bank and non-bank financing The small and medium-sized companies (SMEs) of
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Member State in which a bank operates. This requires single bank supervision, single bank resolution and single deposit insurance. This is also crucial to address the bank- sovereign negative feedback [...] Also, a single banking system is the mirror image of a single money. As the vast majority of money is bank deposits, money can only be truly single if confidence in the safety of bank deposits is the [...] d in Stage 1. 3.1. Completing the Banking Union Completing the Banking Union requires first and foremost the full transposition into national law of the Bank Resolution and Recovery Directive by all
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preservation order for bank accounts as well as rules for its implementation by the bank holding the account targeted. Option C: Harmonising national rules for the preservation of bank accounts. This option [...] regarding bank accounts and debtors' assets". Accordingly the Commission Action Plan Implementing the Stockholm Programme refers to an initiative for a "Regulation on the attachment of bank accounts" [...] funds from one bank account to another almost instantly, thereby making it easy for him to escape enforcement. A creditor, on the other hand, has little chance of blocking a debtor's bank accounts abroad
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and the European Central Bank, http://www.ecb.int/press/pr/date/2006/html/pr060504_1.en.html. EN 7 EN Payment service providers (PSPs), i.e. banks and non-bank PSPs, are able to benefit [...] necessary for authorisation and/or payment guarantee of a specific payment transaction — is a key element. As keepers of the bank account, banks have a ‘gateway function’ that effectively determines the [...] time-schedule/work plan with specific deliverables (‘milestones’) and specific target dates be considered? 6. GENERAL REMARKS Questions 32) This paper addresses specific aspects related to the functioning
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payments: PSGEG2 and PSMG3 in 2007 and 2008. Next to this, a specific meeting with the e-money industry was held on 25 January 2008 and a specific bilateral meeting was held with the ECB on 30 April 2008 [...] typically drawn from national finance ministries and national central banks as well as a representative from the European Central Bank members as observers, with expertise in the payments area with the [...] the PSD. • Package 4: Align with the PSD, with specific prudential regime for EMIs Package 4 is almost the same as Package 3 except from the specific prudential regime for EMIs. This could be implemented
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through banks payment systems and balances held by banks. Banks handle 231 billion transactions per year with a total value of EUR 52 trillion. The funds held by banks on customer bank/payment accounts [...] initiated by the payer. The payer sends a payment instruction to his/her bank. The bank moves the funds to the receiver's bank. This can happen via several intermediaries. Debit card a debit card is [...] revised banking capital requirements money remitters' actual capital stands far above 100 %. It implies that money remitters devote to payment services a capital higher than banks under the banking capital
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national rules for the preservation of bank accounts ...........31 5.5. Option C1: Harmonisation of national rules for bank attachment, i.e. the preservation of bank accounts and for the transfer of funds [...] take the specific steps necessary under national law for the enforcement of the provisional measure. A provisional order preserving a debtor's bank account is enforced by serving it on the bank in accordance [...] companies having applied bank attachment; 61.828 companies obtained a bank attachment covering a total of € 1,236 bn. Total bad debt Debt recoverable from bank accounts Recoverable bad
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commercial banks. Through lending to the economy, banks transform depositors’ cash – which is central bank money – into commercial bank money (book money). Peer to peer transactions from bank accounts [...] central bank digital currencies Philipp Eckhardt & Victor Warhem In modern times, money mostly takes the form of cash, bank deposits and reserve holdings of banks at central banks. Also, money [...] parties (e.g. banks, settlement institutions). • Central bank deposited currency accounts are deposits held by the general public at the cen- tral bank. In modern economies, central banks do not offer
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