أشرف العايدي على سي ان بي سي عربية -- 13 ديسمبر2012
Dec 13, 2012 17:49
European Banking Union made its first step in December when European finance ministers agreed the ECB will be responsible on supervising banks with over € 30 bn in assets, effectively excluding most of Germany's small saving banks. This will cover about 200 banks in Europe. ECB will have the power to intervene and set the day-to-day procedures for national supervisors, but still no word on whether it will have ultimate responsibility. For Germany, the Union will likely advance as long as it does not impinge on the +400 savings banks, which have been widely credited for the survival of small business during the financial crisis.
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Uncertain December
The oscillating changes in market expectations for the December FOMC meeting implies more volatility into the next 4 weeks.
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