The Bundesbank: ECB massively exceeds its mandate
Saturday, 27 April 2013 | 
asymptot
It's no secret that the Germans are negative to further financial support of the weak euro countries. Germany's current strategy is inaction to the calls of introducing Eurobonds or Germany to leave the Euro. What they dread is the other option - that a weak country would leave the euro and its implications on... Germany.
Stress Tests - A New Modeling Paradigm & a Pragmatic Approach
Tuesday, 24 July 2012 | John A Morrison
I have been reviewing the papers from a recent conference;-
The ESRB at 1
SUERF/Deutsche Bundesbank/IMFS Conference
& I think there is a crystallisation of a theme at that conference reflected in one particular presentation which articulates a narrative that we have been developing here on asymptotix in regard to Stress testing over the last 2 or 3 years.
John A Morrison's blog | 
| Tweet | Comments | 
Tags: Basel III, ECB, ECFIN, ESRB, macro-financial, macroprudential, stress test
EURIBOR RIGGING: the context & incentive. “lack of understanding is absolutely no excuse”
Tuesday, 10 July 2012 | John A Morrison
In December 2008 financial market liquidity (in Europe) disappeared altogether, vanished according to the ECB FSR June 2010 . For monetarists like me this massive disappearance precedes & probably causes the massive GNP collapse of 3 quarters later; visually the 2 collapses have close to identical shapes.
John A Morrison's blog | 4 comments | Tweet | Comments | Tags: ECB, ESRB, EURIBOR, LIBOR, Toxic Assets, Trichet, van Rompuy
Lunatix3 EURO AREA SUMMIT STATEMENT 29 June 2012
Friday, 29 June 2012 | John A Morrison
RATIONAL EXPECTATIONS &
THE EU STATE / CAPITAL MARKETS INTERFACE
version 2.2 4th July 2012
POLICY & PROCESS RECOMMENDATION FOR BRUSSELS
REFERENCE: Press release / Summary
TOWARDS A EUROPEAN STABLISATION BANK
LTRO: Criminal Political Behaviour by Merkozy with Van Rompuy as the Marionette
Wednesday, 29 February 2012 | John A Morrison
Think about it, as LTRO triggers on the leap day TODAY, why is the Central Bank being forced to do this against its will? The European monetary transmission mechanism doesn't have an IMF-Equivalent; so not only is the euro a political mishmash at the concept level its a stool (sic) on two legs at the practical institutional level.
EU Money supply is at rock bottom, the pump at the 'heart' of European money supply is on life support.
That 'life support' is LTRO from the Central Bank, right? The Central Bank should be independent right? It shouldn't be pumping up the very thing that it is chartered to control, that is perversity by definition right?
The Political Economy of LTRO
Tuesday, 14 February 2012 | John A Morrison
INTRODUCTION
It's LTRO[1] that I’m talking about this time! LTRO the latest version of “economic life support those” crackpot surgeons in the Central Banks and Treasuries of Europe have come up with. What is the issue with it? As LTRO2 approaches, to on the leap day (29/2/2012) I present a number of theses about LTRO;
1. LTRO is a workaround for Crowding Out
2. LTRO is executed via a process called 'Round Tripping' or known as a ‘Carry Trade’
3. Hedge Funds are intrinsic to the success of LTRO
4. This makes governments dependent upon Hedge Funds (& not just the banks)
5. LTRO creates a cash balloon which props up the equity market
6. LTRO is a high-risk central bank strategy which could deflate at a stroke
7. Ironically the very Hedge Funds and Asset Managers who are intrinsic to the success of LTRO are already freaked out by the high risk nature of the policy,
Will Merkel Change Her Tune on Stability Bonds?
Tuesday, 22 November 2011 | Peter Lindmark
Stability bonds. That is the new moniker given by the European Commission to euro bonds as it moves toward presenting its most definitive proposal yet for the debt pooling measure on Wednesday.
Indeed, European Economic and Monetary Affairs Commission Olli Rehn was in Berlin on Tuesday to tout Brussels' three-option studyon how bonds issued jointly by the 17 euro-zone member states could help stem the debt crisis.
Peter Lindmark's blog | | Tweet | Comments | Tags: bond, ECB, EU, euro, Eurobonds, Germany, John Angus Morrison, Merkel, peter lindmark, Rehn, Stabilisation Bank
Willem Buiter Citigroup: Europe Must Act Now to Avoid a Default
Thursday, 17 November 2011 | Peter Lindmark
ECB Overnight Deposits 2011 (statistics)
Tuesday, 8 November 2011 | Peter Lindmark
Lenders increased overnight deposits at the European Central Bank to the highest level in more than 16 months.
Banks parked 299 billion euros ($412 billion) with the Frankfurt-based ECB yesterday, up from 288 billion euros on Nov. 4. That’s the most since June 30, 2010, and compares with a year-to-date average of 71 billion euros.
EUROZONE SUMMIT: METRIC OF SUCCESS
Tuesday, 25 October 2011 | John A Morrison
Understanding what a Central Bank is for / The Boundaries of European Financial Institutional Architecture
WHAT IS THE METRIC OF SUCCESS OF THE FINAL EUROZONE SUMMIT CONCLUSIONS ?
Are the key legislative pillars such as Basel II & III, UCITS IV and Solvency II forcing you to re-examine how you identify, measure and manage risk and capital?
Asymptotix work closely with our partners to help clients develop a more proactive, systematic and integrated approach to governance and risk management to deliver proper value.
Asymptotix can offer the support you need to deliver on time. Read more...
Is the goal of your website to sell services or products, educate, or collect data?
A positive customer experience is vital to conversion, no matter what your conversion goals may be. Our designers and developers will create a positive experience to maximize your conversions and deliver the optimal return on your investment. We strive to find the perfect balance between the web site’s design and functionality.
Asymptotix implements interactive solutions for European companies. From corporate websites to social communities, our clients will tell you an investment in building a scalable online experience will deliver long-term tangible benefits.
Based in Luxembourg we can help you all over Europe. Our multi-lingual team can work with projects and speak your language! Read more...