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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
or accessed by hyperlinks through or to this web site. ICMA does not endorse or approve the
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



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

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

The Global Economy and OECD: Distilling Lessons from a Financial Crisis (01.10.08)
 
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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