The turn of the financial crisis
Is this the turning point of the crisis? On the night of October 10 to 11, the G7 countries agreed to a coordinated and massive global crisis. 6 Key Points to remember this summit: 1) Using all available tools to prevent the bankruptcy of financial institutions. Implicit possibility to waive all existing regulations. 2) Take steps to unfreeze credit markets and give banks access to liquidity and funding. 3) Implementation of ways to raise capital from "public or private. Objective: to restore confidence in institutions and continue to lend money to businesses and individuals. 4) Establishment of the guarantee of bank deposits to restore widespread confidence among investors. 5) Renewal "secondary markets for mortgages and other security assets. 6) In Europe: potential changes in current accounting standards (end of
Tags: banks access, of Bank, of financial, secondary markets