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Event date:
March 24-26, 2009
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Event date:
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Event date:
June 03-05, 2009
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Responses to market turbulence
ICMA’s commitment to orderly markets
Responses to market turbulence: country plans
Responses to market turbulence: country plans
The selection of links to external websites below are intended to provide useful information on
the response by the the authorities and banks to current market turbulence. If you would like to
suggest additions to the list please contact ICMA on
info@icmagroup.org
or + 44 (0) 207 517 3220
ICMA makes no representations or warranties, express or implied, as to the accuracy and
completeness of any information contained on any third party web site which may be referred to
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content of any such third party web site, nor does ICMA assume any liability in connection with
any of them (including but not limited to, liability arising out of any claim or allegation that the
content of any such third party web site infringes any law or the rights of any person or entity).
Last updated December 23, 2008
International
European Union
Australia
Austria
Belgium
Bulgaria
Canada
Croatia
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hong Kong
Hungary
Iceland
Ireland
Italy
Luxembourg
The Netherlands
New Zealand
Norway
Poland
Portugal
Russia
Serbia
Slovenia
South Korea
Spain
Sweden
Switzerland
Ukraine
United Kingdom
USA
International
IASB proposes additional disclosures for investments in debt instruments (23.12.08)
http://www.iasb.org/News/Press+Releases/IASB+proposes+additional+disclosures+for+investments+in+debt+instruments.htm
CEIOPS publishes risk update on financial conditions and stability (22.12.08)
http://www.ceiops.eu/media/files/publications/reports/CEIOPS-Autumn-Report-2008.pdf
IASB and FASB propose joint approach for revenue recognition (19.12.08)
http://www.iasb.org/News/Press+Releases/IASB+and+FASB+propose+joint+approach+for+revenue+recognition.htm
IASB provides update on steps taken in response to the global financial crisis (19.12.08)
http://www.iasb.org/News/Press+Releases/IASB+provides+update+on+steps+taken+in+response+to+the+global+financial+crisis.htm
IASB publishes proposed new Consolidation standard as part of comprehensive review of off
balance sheet risk (18.12.08)
http://www.iasb.org/News/Press+Releases/IASB+publishes+proposed+new+Consolidation+standard+as+part+of+comprehensive+review+of+off+balance+sh.htm
Basel Committee publishes paper on external audit quality and banking supervision (02.12.08)
http://www.bis.org/press/p081202.htm
Basel Committee publishes fair value practice for banks consultation (27.11.08)
http://www.bis.org/press/p081127.htm
IOSCO Technical Committee launches Task Forces to support G-20 aims (25.11.08)
http://www.iosco.org/news/pdf/IOSCONEWS134.pdf
BCBS outlines strategy in response to global financial market turmoil (20.11.08)
http://www.bis.org/press/p081120.htm
FSF and IMF announce enhanced collaboration (14.11.08)
http://www.imf.org/external/np/omd/2008/eng/pdf/111308.pdf
OECD announces action plan for global response to financial crisis (12.11.08)
http://www.oecd.org/document/25/0,3343,en_2649_201185_41658137_1_1_1_1,00.html
IOSCO publishes open letter to G20 summit on financial turmoil (12.11.08)
http://www.iosco.org/library/pubdocs/pdf/IOSCOPD282.pdf
IASB publishes education guidance on the application of fair value measurement (31.10.08)
http://www.iasb.org/News/Press+Releases/IASB+publishes+educational+guidance+on+the+application+of+fair+value+measurement+when+markets+become.htm
IMF reports on financial stress and deleveraging macrofinancial implications and policy (28.10.08)
http://www.imf.org/external/pubs/ft/gfsr/2008/02/pdf/text.pdf
Asia-Europe meeting publishes statement on current financial situation (24.10.08)
http://www.asem7.cn/download/engfulltext.pdf
IASB and FASB create advisory group to review reporting issues relating to the credit crisis
(16.10.08)
http://www.fasb.org/news/nr101608_2.shtml
IASB proposes amendments to financial instruments disclosures (15.10.08)
http://www.iasb.org/News/Press+Releases/IASB+proposes+improvements+to+financial+instruments+disclosures.htm
G8 Leaders issue statement on global economy (15.10.08)
http://www.imf.org/external/np/cm/2008/101508.htm
WTO creates task force on financial crisis (15.10.08)
http://www.wto.org/english/news_e/news08_e/tnc_chair_report_oct08_e.htm
IMF announces plan of action (11.10.08)
http://www.imf.org/external/np/cm/2008/101108a.htm
FSF publishes follow-up to Report on Enhancing Market and Institutional Resilience (10.10.08)
http://www.fsforum.org/press/pr_081009f.pdf
IASB announces next steps in response to credit crisis (03.10.08)
http://www.iasb.org/NR/rdonlyres/C852569A-8BA6-4636-8C0D-DB7EEB088A26/0/IASBannouncesnextstepsinresponsetothecreditcrisis.pdf
The Global Economy and OECD: Distilling Lessons from a Financial Crisis (01.10.08)
http://www.coe.int/t/dc/files/pa_session/sept_2008/20081001_disc_gurria_en.asp
European Union
CESR publishes consultation paper on non-equity markets transparency (19.12.08)
http://www.cesr.eu/index.php?page=consultation_details&id=127
CESR calls for evidence on short selling (19.12.08)
http://www.cesr.eu/popup2.php?id=5437
ECB opinions published regarding financial market stability
http://www.ecb.int/ecb/legal/1353/1330/html/index.en.html
EU Commission launches public consultation on hedge funds (18.12.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/2028&format=HTML&aged=0&language=EN
EU Commission adopts framework for state aid measures to support access to finance
(17.12.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1993&format=HTML&aged=0&language=EN&guiLanguage=en
EU Council publishes report on proposal to regulate CRAs (16.12.08)
http://register.consilium.europa.eu/pdf/en/08/st17/st17272.en08.pdf
EU amendments to Deposit Guarantee Scheme proposal published (15.12.08)
http://register.consilium.europa.eu/pdf/en/08/st17/st17155.en08.pdf
State aid: Commission adopts guidance on bank recapitalisation in current financial crisis to boost
credit flows to real economy (08.12.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1901&format=HTML&aged=0&language=EN&guiLanguage=en
State aid: Overview of national rescue measures and guarantee schemes (04.12.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/08/766&format=HTML&aged=0&language=EN&guiLanguage=en
The Commission launches a major Recovery Plan for growth and jobs, to boost demand and
restore confidence in the European economy (26.11.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1771&type=HTML&aged=0&language=EN&guiLanguage=en
Council has raised the ceiling for assistance available for a Member State in financial difficulty
(25.11.08)
http://register.consilium.europa.eu/pdf/en/08/st15/st15579.en08.pdf
Generic - Credit crunch – the EU at work (28.10.08)
http://ec.europa.eu/commission_barroso/president/focus/credit_crunch/index_en.htm
Council conclusions: economic and financial situation (16.10.08)
http://www.consilium.europa.eu/ueDocs/cms_Data/docs/pressData/en/ec/103441.pdf
European Commission sets out proposal to increase minimum protection for bank deposits to
€100,000 (15.10.2008)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1508&type=HTML&aged=0&language=EN&guiLanguage=en
Revision of EU rules on Deposit Guarantee Schemes - Frequently Asked Questions (15.10.2008)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/08/622&type=HTML&aged=0&language=EN&guiLanguage=en
State aid: Commission gives guidance to Member States on measures for banks in crisis
(13.10.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1495&format=HTML&aged=0&language=EN&guiLanguage=en
Summit of the euro area countries: declaration on a concerted European action plan of the euro
area countries (12.10.2008)
http://www.ue2008.fr/PFUE/lang/en/accueil/PFUE-10_2008/PFUE-12.102008/sommet_pays_zone_euro_declaration_plan_action_concertee
Australia
Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding formally
commences (28.11.08)
http://www.guaranteescheme.gov.au/
Government Announces Details of Deposit and Wholesale Funding Guarantees (24.10.08)
http://www.treasurer.gov.au/DisplayDocs.aspx?doc=pressreleases/2008/117.htm&pageID=003&min=wms&Year=&DocType
Austria
Update on Austrian bank package (13.10.08)
http://www.bka.gv.at/site/cob__32117/5432/default.aspx
Guarantee scheme (8.10.08)
http://www.bka.gv.at/site/cob__32055/currentpage__0/6347/default.aspx
https://www.bmf.gv.at/Presse/8853.htm
Belgium
Belgian, French and Luxembourg governments guarantee Dexia's wholesale funding (10.12.08)
http://www.dexia.com/docs/2008/2008_news/20081209_gov_02_UK.pdf
Extension of Flemish guarantee scheme for loans to SMEs (21.11.08)
http://www.ejustice.just.fgov.be/mopdf/2008/11/21_1.pdf#page119
Belgian deposit protection scheme extended (17.11.08)
http://www.minfin.fgov.be/portail2/index.htm
Royal Decree organises government guarantee of financial institutions' wholesale funding
(20.10.08)
http://www.ejustice.just.fgov.be/mopdf/2008/10/20_3.pdf#page3
New law authorises Government to guarantee financial institutions (17.10.08)
http://www.ejustice.just.fgov.be/mopdf/2008/10/17_2.pdf#page4
Communication du gouvernement sur la crise financière (13.10.08)
http://www.premier.be/fr/nieuws/communication-du-gouvernement-sur-la-crise-financi%C3%A8re
Garanties pour Dexia et sur le financement des banques systémiques belges (9.10.08)
http://www.belgium.be/fr/actualites/2008/news_garanties_dexia.jsp?referer=tcm:116-25393-64-a1
Fortis: mesures complémentaires (5.10.08)
http://www.belgium.be/fr/actualites/2008/news_fortis_paribas.jsp?referer=tcm:116-25230-64-a1
Banks
- Intervention en faveur des actionnaires de Fortis Group (13.10.08)
http://www.belgium.be/fr/actualites/2008/news_intervention_action_fortis.jsp?referer=tcm:116-26303-64
- Les autorités financières luxembourgeoises ont fait connaitre que Kaupthing Bank Luxembourg S.A. a été place sous le régime du sursis de paiement (10.10.08)
http://www.premier.be/files/communiqués%20de%20presse.pdf#page3
- Communication du gouvernement sur la crise financière (9.10.08)
http://www.premier.be/fr/nieuws/communication-du-gouvernement-sur-la-crise-financi%C3%A8re
- Communiqué du Premier ministre et du ministre des Finances sur le groupe Fortis (3.10.08)
http://www.premier.be/fr/nieuws/communiqu%C3%A9-du-premier-ministre-et-du-ministre-des-finances-sur-le-groupe-fortis
- Les gouvernements belge, luxembourgeois et néerlandais investissent 11,2 milliards d'euros
dans Fortis (28.09.08)
http://www.premier.be/fr/nieuws/les-gouvernements-belge-luxembourgeois-et-n%C3%A9erlandais-investissent-112-milliards-deuros-dans
-
Bulgaria
Bulgarian Government increases guarantee on bank deposits for individuals to BGN 100,000
(30.10.08)
http://www.parliament.bg/?page=news&lng=en&SType=show&id=1616
Canada
Governments agree to support restructuring of non-bank sponsored Asset-Backed Commercial
Paper (19.12.08)
http://www.fin.gc.ca/n08/08-108-eng.asp
Government of Canada Announces Additional Support for Canadian Credit Markets (12.11.08)
http://www.fin.gc.ca/news08/08-090e.html
Government of Canada Agrees to Extend the Canadian Lenders Assurance Facility to Caisse
centrale Desjardins (27.10.08)
http://www.fin.gc.ca/news08/08-083e.html
Government of Canada Strengthens Canadian Advantage in Credit Markets (23.10.08)
http://www.fin.gc.ca/news08/08-080e.html
Croatia
Government of the Republic of Croatia
http://www.vlada.hr/en/naslovnica/novosti_i_najave/2008/listopad/hrvatska_se_uspjela_pripremiti_za_sve_moguce_scenarije_financijske_krize
Czech Republic
Czech Republic increases bank deposit guarantee (16.12.08)
http://www.fpv.cz/index.php
Ministry of Finance of the Czech Republic
http://www.mfcr.cz/cps/rde/xchg/mfcr/xsl/press_releases.html
Denmark
The Danish government and Danish Bankers Association have agreed on measures to
safeguard financial stability (6.10.08)
http://uk.fm.dk/News/Press%20releases/2008/10/081006%20Measures%20to%20safeguard%20financial%20stability.aspx
Estonia
Ministry of Finance of the Republic of Estonia
http://www.fin.ee/?lang=en
Finland
State guarantees for banks' unsecured credit facilities (22.10.08)
http://www.vm.fi/vm/en/03_press_releases_and_speeches/01_press_releases/20081022Stateg/name.jsp
Stabilisation of the financial markets in Finland (20.10.08)
http://www.vm.fi/vm/en/03_press_releases_and_speeches/01_press_releases/20081020Stabil/name.jsp
Deposit guarantee limit increased to EUR 50,000 (10.10.08)
http://www.government.fi/ajankohtaista/tiedotteet/tiedote/en.jsp?oid=241293
Banks
- Glitnir Finland is acquired by the company’s management and will be renamed FIM (14.10.08)
https://www.glitnir.fi/english/press/releases?item=386152
- Finnish FSA release: Glitnir Bank Ltd continues operations in Finland (8.10.08)
https://www.glitnir.fi/english/press/releases?item=385007
- Glitnir Finland to be sold (8.10.08)
https://www.glitnir.fi/english/press/releases?item=385006
- Questions and answers about Glitnir Finland
https://www.glitnir.fi/english/custom/qa
France
ECB publishes opinion on draft French financing law (21.10.08)
http://www.ecb.int/ecb/legal/pdf/en_con_2008_56.pdf
L'État est prêt à souscrire à des titres subordonnés pour 10,5 milliards d'euros pour financer
l'économie (20.10.08)
http://www.minefe.gouv.fr/discours-presse/discours-communiques_finances.php?type=communique&id=2085&rub=1
New French financing legislation effective (16.10.08)
http://www.legifrance.gouv.fr/affichTexte.do?cidTexte=JORFTEXT000019653147&dateTexte
Intervention de M. le Président de la République à l'issue du Conseil des ministres (13.10.08)
http://www.elysee.fr/documents/index.php?lang=fr&mode=view&cat_id=3&press_id=1927
Communiqué sur la réunion qui s'est tenue ce matin à L'Elysée portant sur la situation du groupe
Dexia (30.9.08)
http://www.elysee.fr/documents/index.php?lang=fr&mode=view&cat_id=8&press_id=1851
Banks
- Dexia raises EUR 6.4 billion from the Governments of Belgium, France and Luxembourg and
from existing shareholders (30.9.08)
http://www.dexia.com/e/news/press-release-desc.php?id=4092
Germany
Hilfspaket für den Finanzmarkt ist verfügbar (20.10.08)
http://www.bundesregierung.de/nn_1264/Content/DE/Artikel/2008/10/2008-10-20-verordnung-finanzmarkt.html
German government agrees to set up financial market stabilisation fund (17.10.08)
http://www.bundesregierung.de/nn_6562/Content/EN/Artikel/2008/10/2008-10-13-finanzmarktgesetz__en.html
The Chancellor aims to establish a market economy with a human face (15.10.08)
http://www.bundesregierung.de/nn_6538/Content/EN/Artikel/2008/10/2008-10-15-merkel-bundestag__en.html
Bundesregierung beschließt Stabilisierungsfonds für den Finanzmarkt (13.10.08)
http://www.bundesregierung.de/nn_1272/Content/DE/Artikel/2008/10/2008-10-13-finanzmarktgesetz.html
Restoring and strengthening confidence (7.10.08)
http://www.bundesregierung.de/nn_6538/Content/EN/Artikel/2008/10/2008-10-07-regerkl-bk-finanzmarkt__en.html
Banks in Germany
- Hypo Real Estate: Liquidity Facilities and Financial Markets Stabilisation Fund (29.10.08)
http://www.hyporealestate.com/eng/pdf/PI-Faszi_FinStab_Englisch_Endfassung.pdf
Greece
Greece to increase guarantee on deposits (15.10.08)
http://www.mnec.gr/el/
Hong Kong
FSTB publishes IMF report on Government's decisive actions to bolster financial stability
(09.12.08)
http://www.info.gov.hk/gia/general/200812/09/P200812090107.htm
Refinements to the measures for providing liquidity assistance to licensed banks in Hong Kong
(06.11.08)
http://www.info.gov.hk/hkma/eng/press/2008/20081106e3_index.htm
HKMA announces new measures to support confidence in Hong Kong banking system (14.10.08)
http://www.info.gov.hk/hkma/eng/press/2008/20081014e6_index.htm
Hungary
Hungarian Government proposes new legislation to enhance stability of financial system
(10.11.08)
http://www.parlament.hu/irom38/06765/06765.pdf
IMF Executive Board Approves €12.3 Billion Stand-By Arrangement for Hungary (06.11.08)
http://www.imf.org/external/np/sec/pr/2008/pr08275.htm
Joint statement by the Presidency of the Ecofin Council and the Commission on providing
medium-term financial assistance to Hungary (29.10.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1595&format=HTML&aged=0&language=EN&guiLanguage=en
IMF Announces Staff-Level Agreement with Hungary on €12.5 Billion Loan (US$15.7 billion);
European Union, World Bank to Lend, Too (28.10.08)
http://www.imf.org/external/np/sec/pr/2008/pr08261.htm
ECB and Hungarian National Bank announce cooperation to support euro liquidity providing
instruments (16.10.08)
http://www.ecb.int/press/pr/date/2008/html/pr081016.en.html
Ministry of Finance-Press Release portal
http://www2.pm.gov.hu/web/home.nsf/frames/english
Magyar Nemzeti Bank
http://english.mnb.hu/engine.aspx?page=mnben_pressreleases_2008
Iceland
FME provides overview on restructuring the banking sector (11.12.08)
http://www.fme.is/?PageID=581&NewsID=370
IMF Announces Staff Level Agreement with Iceland on US$2.1 Billion Loan (24.10.08)
http://www.imf.org/external/np/sec/pr/2008/pr08256.htm
The Parliament of Iceland - Prime Minister’s Office
http://eng.forsaetisraduneyti.is/news-and-articles/nr/3075
Act No. 125/2008 on the Authority for Treasury Disbursements due to Unusual Financial Market
Circumstances etc. (7.10.08)
http://eng.forsaetisraduneyti.is/news-and-articles/nr/3037
Banks in Iceland
- Landsbanki: Statement to customers of ICESAVE (14.10.08)
http://www.landsbanki.is/english/aboutlandsbanki/pressreleases
- Landsbanki Íslands hf. requests to remove its listed equities from trading (14.10.08)
http://www.landsbanki.is/english/aboutlandsbanki/pressreleases?GroupID=720&NewsID=13342&y=0&p=1
- Dutch and Icelandic understanding on Icesave (11.10.08)
http://eng.forsaetisraduneyti.is/news-and-articles/nr/3049
- Statement from Landsbanki Íslands hf : Landsbanki did not transfer funds from the UK to Iceland (10.10.08)
http://www.landsbanki.is/english/aboutlandsbanki/pressreleases?GroupID=720&NewsID=13336&y=0&p=1
- Operations begin at Nýi Landsbanki Íslands hf. (9.10.08)
http://eng.fjarmalaraduneyti.is/news/nr/11402
- Administration committee takes control of Landsbanki Islands hf (7.10.08)
http://www.landsbanki.is/english/aboutlandsbanki/pressreleases?GroupID=720&NewsID=13337&y=0&p=1
Ireland
Department of Finance announces plans to recapitalise major Irish banks (21.12.08)
http://www.finance.gov.ie/viewdoc.asp?DocID=5609
Credit Institutions (Financial Support) Scheme 2008 FAQs (16.12.08)
http://www.finance.gov.ie/documents/publications/other/faqbankguar.pdf
Statutory Instrument: 'Credit Institutions (Financial Support) Scheme 2008 (20.10.08)
http://www.finance.gov.ie/documents/publications/statutoryinstruments/2008/si4112008.pdf
Credit Institutions (Financial Support) Scheme 2008 (the "scheme"): Market Notice - Confirmation
of Statutory Guarantee (17.10.08)
http://www.finance.gov.ie/documents/publications/other/marketnoticeoct08.pdf
Minister for Finance, Mr Brian Lenihan, TD, intends to extend Guarantee Scheme (9.10.08)
http://www.finance.gov.ie/viewdoc.asp?DocID=5488
Government decision to safeguard Irish Banking System (30.9.08)
http://www.taoiseach.gov.ie/index.asp?locID=586&docID=4026
Banks
UK Government confirms intention to make available guarantee scheme to Bank of Scotland
(Ireland)
http://www.halifax.ie/index.jsp?1nID=94&2nID=259&nID=600&aID=5033
Italy
Italian Government issues Decree Law adopting additional measures for the stabilisation of the
banking systems (29.11.08)
http://www.mef.gov.it/documenti/open.asp?idd=20301
(13.10.08)
http://www.governo.it/Notizie/Palazzo%20Chigi/dettaglio.asp?d=40608
Conferenza stampa Consiglio dei Ministri delle ore 15.30 del 13 ottobre 2008 (13.10.08)
http://www.tesoro.it/documenti/open.asp?idd=19940
Luxembourg
Luc Frieden: "Le Luxembourg augmente la garantie des dépôts bancaires à 100.000
euros" (17.10.08)
http://www.gouvernement.lu/salle_presse/actualite/2008/10-octobre/17-frieden-garantie-bancaire/index.html
Banks
- Lettre aux clients de la banque Kaupthing qui se sont adressés au gouvernement via le site
Internet du gouvernement (23.10.08)
http://www.gouvernement.lu/salle_presse/actualite/2008/10-octobre/23-lettrekaupthing/index.html
- Kaupthing (12.10.08)
http://www.kaupthing.lu/About-Us/Press-release
http://www.kaupthing.lu/About-Us/Important-Notice
- Dexia (9.10.08)
http://www.gouvernement.lu/salle_presse/communiques/2008/10-octobre/09-dexia/index.html
The Netherlands
Dutch State to contribute to payments under Deposit Guarantee Scheme (03.12.08)
http://www.minfin.nl/Actueel/Kamerstukken/2008/12/Stand_van_zaken_Icesave
Further revised Dutch State 2008 Credit Guarantee Scheme (27.11.08)
http://www.dutchstate.nl/uploads/20081127181203920_Rules%20Word-versie%2027112008.pdf
Minister of Finance informs parliament about several matters relating to financial crisis (05.11.08)
http://www.minfin.nl/content.jsp?objectid=60053
Government reinforces ING's core capital by 10 billion euros (19.10.08)
http://www.government.nl/News/Press_releases_and_news_items/2008/October/Government_reinforces_ING_s_core_capital_by_10_billion_euros
Protecting the financial industry (10.10.08)
http://www.government.nl/News/Press_releases_and_news_items/2008/October/Protecting_the_financial_industry
Banks
- Dutch and Icelandic understanding on Icesave (13.10.08)
http://www.government.nl/News/Press_releases_and_news_items/2008/October/Dutch_and_Icelandic_understanding_on_IceSave
- Dutch State acquires Fortis Nederland (3.10.08)
http://www.government.nl/News/Press_releases_and_news_items/2008/October/Dutch_State_acquires_Fortis_Nederland
New Zealand
Wholesale Guarantee Facility – Details (1.11.08)
http://www.treasury.govt.nz/publications/media-speeches/media/01nov08
Information on the proposed Crown guarantee of retail deposits held in approved banks and
non-bank deposit-taking entities (updated 24.10.08)
http://www.treasury.govt.nz/economy/guarantee
Norway
350 billion Kroner Government Bond Swap Facility (12.10.08)
http://www.regjeringen.no/en/dep/smk/Press-Center/Press-releases/2008/350-billion-kroner-government-bond-swap-.html?id=532111
Banks
- The Norwegian government has decided to guarantee deposits in the Norwegian branch of
Kaupthing Bank (13.10.08)
http://www.regjeringen.no/en/dep/fin/Press-Center/Press-releases/2008/the-norwegian-government-has-decided-to-.html?id=532153
Poland
Polish Government presents anti-crisis plan (30.11.08)
http://www.mf.gov.pl/dokument.php?const=1&dzial=153&id=150861&typ=news
Polish Bank Association presents plan for combating economic financial crisis (26.11.08)
http://www.zbp.pl/site.php?s=MDAyNjE4
President signs revision of the Act on Banking Guarantee Fund (24.11.08)
http://www.nbpnews.pl/pl/akt/monbpif/media-o-nbp-25-11-08
Council of Ministers adopts a bill on the granting of support to financial institutions by the State
Treasury (28.10.08)
http://www.kprm.gov.pl/s.php?doc=1648
The Chancellery of the Prime Minister
http://www.kprm.gov.pl/english/
The National Bank of Poland
http://www.nbp.pl/
Portugal
Comunicado do Banco de Portugal sobre o Banco Privado Português (01.12.08)
http://www.bportugal.pt/bank/com/com_011208_p.htm
Banco Português de Negócios - Nota de Esclarecimento (03.11.08)
http://www.bpn.pt/eportal/v10/PT/aspx/genericas/index,8691.aspx
Governo aprova em Conselho de Ministros iniciativa para o reforço da estabilidade financeira
(13.10.08)
http://www.min-financas.pt/download.asp?num_links=0&link=comunicados/2008/081012.pdf
Russia
The Central Bank of the Russian Federation
http://www.cbr.ru/eng/
Serbia
Serbian Government portal
http://www.srbija.gov.rs/?change_lang=en
Slovenia
Slovenia announces stability measures (22.10.08)
http://www.c-ebs.org/formupload/e1/e1cc72c3-aafd-474d-a7fe-3876f007e394.pdf
Republic of Slovenia
http://www.kpv.gov.si/nc/en/splosno/cns/news/article/252/3278/
South Korea
BOK introduces measures to help increase banks' credit availabilities (05.12.08)
http://www.bok.or.kr/contents/total/eng/boardView.action?menuNaviId=634&boardBean.brdid=3164&boardBean.menuid=634&boardBean.rnum=1
FSS announces regulations improvement to provide liquidity to financial market (29.10.08)
http://english.fss.or.kr/fsseng/emdc/prs/fss_v.jsp?menuName=PRESS+RELEASE&menuIndex=0&fssIndex=5582
MOU Guidelines on Government Guarantees of Banks External Debt (05.11.08)
http://english.fss.or.kr/fsseng/comm/fileDown.jsp?path=med/pre/FILE_1225877983039.pdf&btmIndex=0&filename=MOU_guidelines_final.pdf
Spain
Financial measures to improve liquidity of small and medium-sized companies adopted (13.12.08)
http://www.boe.es/boe/dias/2008/12/13/pdfs/A50094-50095.pdf
Order developing Royal Decree-Law on State guarantee published in Official State Gazette
(24.11.08)
http://www.boe.es/boe/dias/2008/11/24/pdfs/A46924-46927.pdf
El Gobierno concederá avales de hasta 100.000 millones de euros a los bancos en el año 2008
(13.10.08)
http://www.la-moncloa.es/ActualidadHome/2008/131008ConsejoExtraordinario.htm
The Government increased the deposit warranty, which amounts to 100,000 Euros now, and it
also created a 30,000 million Euros fund in order to guarantee the liquidity of the system (7.10.08)
http://www.la-moncloa.es/IDIOMAS/9/ActualidadHome/07102008FondoGarantiaDeposito.htm
Sweden
Carnegie has new owners - operations can continue - clients' assets are safe (10.11.08)
http://www.carnegie.se/templates/Iframe.aspx?id=2773
Government takes measures to strengthen financial stability (29.10.08)
http://www.sweden.gov.se/sb/d/10213/a/114469
The Swedish Government proposes plan to secure the stability of the financial system
http://www.sweden.gov.se/sb/d/10213/a/113805
Increase in deposit guarantee (6.10.08)
http://www.sweden.gov.se/sb/d/586/a/112972
Banks
- Glitnir AB in Sweden to be sold (8.10.08)
http://www.glitnir.se/files/C5h7mY77.pdf
http://www.glitnir.se/files/efMbb7bp.pdf
Switzerland
New counter-cyclical capital targets and leverage ratio for major Swiss banks (04.12.08)
http://www.ebk.admin.ch/e/publik/medienmit/20081204/mm-em-leverageratio-20081204-e.pdf
The Federal Authorities of the Swiss Confederation: Federal Council takes decision on measures
to strengthen Switzerland's financial system (16.10.08)
http://www.admin.ch/aktuell/00089/index.html?lang=en&msg-id=22019
Swiss Federal Banking Commission: SFBC Investigation into the Causes of the Write-downs of
UBS (16.10.08)
http://www.ebk.admin.ch/e/publik/medienmit/20081016/mm-ubs-subprime-bericht-ebk-e.pdf
Swiss National Bank- news portal
http://www.snb.ch/en/ifor/media
Federal Council takes decision on measures to strengthen Switzerland's financial system
(16.10.08)
http://www.admin.ch/aktuell/00089/index.html?lang=en&msg-id=22019
Ukraine
Press Release: IMF Approves US$16.4 Billion Stand-By Arrangement for Ukraine(05.11.08)
http://www.imf.org/external/np/sec/pr/2008/pr08271.htm
Ukrainian Government news portal
http://www.kmu.gov.ua/control/en/publish/category?cat_id=32741
United Kingdom
House of Lords EU Committee launches inquiry into EC's proposals for dealing with the financial
crisis (15.12.08)
http://www.parliament.uk/parliamentary_committees/lords_press_notices/pn151208eua.cfm
Government announces changes to Credit Guarantee Scheme (15.12.08)
http://www.hm-treasury.gov.uk/press_138_08.htm
Changes to Credit Guarantee Scheme (13.12.08)
http://www.hm-treasury.gov.uk/press_138_08.htm
HMT publishes “Managing the global economy through turbulent times” (08.12.08)
http://www.hm-treasury.gov.uk/int_globalecon_turbulent.htm
FSA consults on financial stability and depositor protection (08.12.08)
http://www.fsa.gov.uk/pages/Library/Policy/CP/2008/08_23.shtml
UK Government covers 100% of London Scottish Bank retail deposits (01.12.08)
http://www.hm-treasury.gov.uk/press_129_08.htm
Treasury Committee calls for further evidence for banking crisis inquiry (26.11.08)
http://www.parliament.uk/parliamentary_committees/treasury_committee/tc0708pn85.cfm
HM Treasury provides update on support package for banking sector (25.11.08)
http://www.hm-treasury.gov.uk/press_126_08.htm
Chancellor issues statement on bank recapitalisation scheme (18.11.08)
http://www.hm-treasury.gov.uk/statement_chx_181108.ht
Statement by the Chancellor on the Bank Recapitalisation Scheme (18.11.08)
http://www.hm-treasury.gov.uk/statement_chx_181108.htm
Treasury Committee announces evidence session on banking sector incentive structures and
executive remuneration (07.11.08)
http://www.parliament.uk/parliamentary_committees/treasury_committee/tc0708pn81.cfm
HMT consults on special resolution regime (06.11.08)
http://www.hm-treasury.gov.uk/press_117_08.htm
New company to manage Government’s shareholding in banks (3.11.08)
http://www.hm-treasury.gov.uk/press_114_08.htm
Guidance on HMT Treasury Credit Guarantee Scheme and Bank Recapitalisation Fund (31.10.08)
http://www.hm-treasury.gov.uk/fin_stab_credit_guarantee_scheme.htm
Implementing support for the banking system (13.10.08)
http://www.hm-treasury.gov.uk/press_106_08.htm
Treasury statement on financial support to the banking industry (13.10.08)
http://www.hm-treasury.gov.uk/press_105_08.htm
DMO Market notice: the UK government’s 2008 credit guarantee notice (13.10.08)
http://www.dmo.gov.uk/documentview.aspx?docName=/gilts/press/mktnotice08.pdf
Research Paper 08/77: Banking Bill (10.10.08)
http://www.parliament.uk/commons/lib/research/rp2008/rp08-077.pdf
Financial support to the banking industry (8.10.08)
http://hm-treasury.gov.uk/press_100_08.htm
£50 billion banking package (8.10.08)
http://www.number10.gov.uk/Page17112
Banks in the UK
- FSA statement on capital approach utilised in UK bank support package (14.11.08)
http://www.fsa.gov.uk/pages/Library/Communication/Statements/2008/capapp.shtml
- Acquisition of HBOS plc by Lloyds TSB Group plc (13.10.08)
http://www.hbosplc.com/customers/index.html
- Capital base of HSBC UK strengthened (9.10.08)
http://www.hsbc.com/1/2/newsroom/news/news-archive-2008/capital-base-of-hsbc-uk-strengthened
- Santander to inject capital to further strengthen its UK subsidiary (13.10.08)
http://www.santander.com/csgs/StaticBS?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1205449879426&cachecontrol=immediate&ssbinary=true&maxage=3600
- ING DIRECT UK has signed an agreement with the UK Treasury to take over £2.5 billion deposits
from Kaupthing edge and £ 538 million deposits from Heritable Bank (12.10.08)
http://www.ingdirect.co.uk/general/faqs/keandhb.asp
- Kaupthing Singer and Freidlander Press Release (8.10.08)
http://www.kaupthingsingers.co.uk/pages/3962
- The Landsbanki Freezing Order 2008 (8.10.08)
http://62.164.176.164/d/fin_sanc_notice081008.pdf
- Bradford & Bingley: Public Ownership and Sale of Savings Business (29.09.08)
http://www.bbg.co.uk/bbg/ir/news/releases/groupnews/pressrelease/?id=4765430
USA
New York State Banking Board announces approval of Intercontinental-Exchange, Inc. (ICE) to
serve as a central clearing facility for credit default swaps (CDSs) (04.12.08)
http://www.banking.state.ny.us/pr081204.htm
The Federal Reserve - Banking information & regulation
http://www.federalreserve.gov/bankinforeg/default.htm
US Department of the Treasury - News
http://www.treas.gov/topics/financial-markets/
US Department of the Treasury - Economic Stabilization Act 2008
http://www.treasury.gov/initiatives/eesa/
SUMMARY OF THE “EMERGENCY ECONOMIC STABILIZATION ACT OF 2008” (20.10.08)
http://banking.senate.gov/public/_files/latestversionEESASummary.pdf
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