Best Reads

“European inflation expectations are rising as investors anticipate ongoing easy monetary policy and a global economic rebound boosted by U.S. fiscal spending.” – by Anna Hirtenstein

“Italy’s government led by Prime Minister Giuseppe Conte risks collapsing in the middle of the Covid-19 pandemic after a junior coalition partner pulled out.” – by Chiara Albanese and John Follain

“The deal between the U.K. and the EU is the largest bilateral trade pact in history, the two sides said on Thursday. It is also the first modern trade deal to disintegrate a trading partnership, erecting and defining barriers between markets.  The deal, which covers a collective market worth $905 billion as of 2019, has […]

“Bruegel experts on digital policy to delve into the latest EU digital regulations: the Digital Services Act and the Digital Markets Act. What is the Commission proposing? What connections do these two bills have, and what policy and market implication do they have?”

“The European Central Bank has lifted its blanket recommendation against distributions, including dividends and share buybacks, but under strict conditions that will have the biggest impact on eurozone banks with high capital returns, analysts said.” – by Vanya Damyanova

“The Governing Council decided to increase the envelope of the pandemic emergency purchase programme (PEPP) by €500 billion to a total of €1,850 billion. It also extended the horizon for net purchases under the PEPP to at least the end of March 2022. ” – ECB Press Release. Dec. 10, 2020

“Subject to the outcome of IBA’s consultation launched last Friday, the LIBOR panels for sterling, yen, Swiss Franc, euro and the less heavily traded dollar tenors will cease at the end of 2021.  And, although the panels for more heavily used US dollar settings will stick around for a short while longer, the US and […]

“…the PRA judges that an extension of the exceptional and precautionary action taken in March is not necessary and that there is scope for banks to recommence some distributions should their boards choose to do so, within an appropriately prudent framework.” – Bank of England

“European companies hit by the coronavirus crisis are increasingly turning to a complex financial tool to pay suppliers, raising investor concerns around “hidden” debt.” – by Abhinav Ramnarayan and Lawrence White

“In spring, the pandemic interrupted plans among the country’s banks to shed loans still festering from the eurozone crisis a decade ago. But stimulus from central banks and governments globally has sent fresh cash into funds that buy non-performing loans, reinvigorating the efforts.” – by Margot Patrick