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スペインの不良債権で破綻寸前の銀行が資本増強して救済された場合、銀行員の給料削減や、いくらかの銀行支店のの閉鎖を覚悟
La banca espera severos ajustes en sueldos y oficinas si se piden ayudas
El FMI propone que la factura del rescate la paguen las entidades tras la crisis
The bank expects drastic adjustments in salaries and aid offices if requested
The IMF suggests that the bailout bill paying agencies after the crisis
Check out the special on the crisis of the euro
Inigo de Madrid Barron 11 JUN 2012 - 00:54 CET
The IMF suggests that the bailout bill paying agencies after the crisis
Check out the special on the crisis of the euro
Inigo de Madrid Barron 11 JUN 2012 - 00:54 CET
Definitely Luis de Guindos, Minister of Economy, the character has become less popular in the financial sector. It started as one of us (it was Lehman Brothers), but has ended up becoming the target of wrath. At least among executives of entities that are not safe to leave free of the perfect storm. And many involved.
Some executives believe that Guindos and Europe will benefit from the lack of credibility of banks to force them to ask for large amounts of public capital, now has up to 100,000 million euros from the European Union, in return for sacrifices very strong. The aim is to accelerate the restructuring of the sector, often hampered by lack of money. So it is possible that an acceleration of mergers and even if the entity is not feasible, proceed to its liquidation.
The Government and Europe believe essential to end the stigma of the weakness of Spanish banks in real estate and, incidentally, want to prevent harm to the health of the public accounts. Guindos said in the filing of the agreement of the Eurogroup, which receive public capital "will have the conditions that now requires the FROB", but experts consulted believe that is going to go much further.
more informationSpain calls the rescueThe bank believes that more entities will be asked aid of the Government saysExperts warn that the risk of the banks will move to stateEurope puts the Spanish public accounts under strict surveillanceWhat affects me the rescue?VIDEO: Ontiveros: "The rescue alienate direct intervention"OPINION: some comments on the bank bailoutAll information about the bailout
According to financial sources, the conditions imposed will start by cutting dividends. Some executives believe could be authorized to issue stock dividends "because it is a way to raise equity and reflect investor confidence in the state." Deck is also possible that those with bonds or subordinated debt lose some of their investment.
Second, will the reduction of wages to the levels established: maximum 600,000 euros if they receive public support and pay 300,000 euros when the entity is controlled by the state.
The report of the International Monetary Fund (IMF) on the Spanish financial sector suggests new requirements on corporate governance and professionalism in management.
Regarding the restructuring of the business, could include office closures, staff reductions, the sale of industrial holdings and get rid of banking or insurance subsidiaries. In Europe it has required to sell business units, such as investment banking, the wholesale division or insurance, in some cases.
The BBVA studies service estimates that the Spanish financial sector has yet to close about 8,000 offices, about 26% of the total, which would cut templates in about 35,000 employees. This amount represents 15% of the total.
The reason for this cut required is that the entity receiving aid "should be considered a credible plan, cutting unnecessary costs of all types and adjusted to a reasonable size with the money received. Otherwise, it could hardly repay the debt," says an executive.
In Europe it has required to sell business units, such as investment banking, the wholesale division or insurance
Some sources believe that it should facilitate the sale of office networks, with employees, when there are obvious overlaps. Large entities may be interested.
This brings back the discussion of what will happen to the planned auction of Banco de Valencia and CatalunyaCaixa (and Novagalicia within a few months).
The executives surveyed indicate that they should rethink the auctions to get to know the needs of capital. Furthermore, "the potential buyers will acquire very strict conditions. Not want me to add liquidity and capital costs," said one financial source that asked to remain anonymous.
Other control elements can be commercial offerings. Portugal has limited banks to provide credit not exceeding 20% the volume of deposits. An executive regrets that the nationalized Novagalicia may have created a subsidiary Bank as the Evo. Others, however, say that if you limit the commercial, the entity enters a slow death spiral. Maybe it's what you're looking for funds.
The IMF gives bad news to the bench, as it suggests that the FROB move the bill restructuring the sector
The IMF gives bad news to the bench, as it suggests that the FROB move the bill restructuring the sector, ie the Deposit Guarantee Fund, when the crisis abates. This would raise rates in the medium term.
The agency also suggests that the boxes become foundations and end up being minority shareholders in their banks. This already has asked the Bank of Spain and will end well in almost all cases except La Caixa and Kutxabank.
Another question is whether there FROB paid with money from the EU Schemes Asset Protection (EPA) of various entities that have committed some 25,000 million. The IMF calls for "check condition" to reduce the guarantees of the first loss for the manager "more efficient". It also calls for a statewide database of investments in the brick to expedite the sale of property and "improvements to real estate appraisals" for "intervention affecting the adequacy of the provisions of the banks."
Some executives believe that Guindos and Europe will benefit from the lack of credibility of banks to force them to ask for large amounts of public capital, now has up to 100,000 million euros from the European Union, in return for sacrifices very strong. The aim is to accelerate the restructuring of the sector, often hampered by lack of money. So it is possible that an acceleration of mergers and even if the entity is not feasible, proceed to its liquidation.
The Government and Europe believe essential to end the stigma of the weakness of Spanish banks in real estate and, incidentally, want to prevent harm to the health of the public accounts. Guindos said in the filing of the agreement of the Eurogroup, which receive public capital "will have the conditions that now requires the FROB", but experts consulted believe that is going to go much further.
more informationSpain calls the rescueThe bank believes that more entities will be asked aid of the Government saysExperts warn that the risk of the banks will move to stateEurope puts the Spanish public accounts under strict surveillanceWhat affects me the rescue?VIDEO: Ontiveros: "The rescue alienate direct intervention"OPINION: some comments on the bank bailoutAll information about the bailout
According to financial sources, the conditions imposed will start by cutting dividends. Some executives believe could be authorized to issue stock dividends "because it is a way to raise equity and reflect investor confidence in the state." Deck is also possible that those with bonds or subordinated debt lose some of their investment.
Second, will the reduction of wages to the levels established: maximum 600,000 euros if they receive public support and pay 300,000 euros when the entity is controlled by the state.
The report of the International Monetary Fund (IMF) on the Spanish financial sector suggests new requirements on corporate governance and professionalism in management.
Regarding the restructuring of the business, could include office closures, staff reductions, the sale of industrial holdings and get rid of banking or insurance subsidiaries. In Europe it has required to sell business units, such as investment banking, the wholesale division or insurance, in some cases.
The BBVA studies service estimates that the Spanish financial sector has yet to close about 8,000 offices, about 26% of the total, which would cut templates in about 35,000 employees. This amount represents 15% of the total.
The reason for this cut required is that the entity receiving aid "should be considered a credible plan, cutting unnecessary costs of all types and adjusted to a reasonable size with the money received. Otherwise, it could hardly repay the debt," says an executive.
In Europe it has required to sell business units, such as investment banking, the wholesale division or insurance
Some sources believe that it should facilitate the sale of office networks, with employees, when there are obvious overlaps. Large entities may be interested.
This brings back the discussion of what will happen to the planned auction of Banco de Valencia and CatalunyaCaixa (and Novagalicia within a few months).
The executives surveyed indicate that they should rethink the auctions to get to know the needs of capital. Furthermore, "the potential buyers will acquire very strict conditions. Not want me to add liquidity and capital costs," said one financial source that asked to remain anonymous.
Other control elements can be commercial offerings. Portugal has limited banks to provide credit not exceeding 20% the volume of deposits. An executive regrets that the nationalized Novagalicia may have created a subsidiary Bank as the Evo. Others, however, say that if you limit the commercial, the entity enters a slow death spiral. Maybe it's what you're looking for funds.
The IMF gives bad news to the bench, as it suggests that the FROB move the bill restructuring the sector
The IMF gives bad news to the bench, as it suggests that the FROB move the bill restructuring the sector, ie the Deposit Guarantee Fund, when the crisis abates. This would raise rates in the medium term.
The agency also suggests that the boxes become foundations and end up being minority shareholders in their banks. This already has asked the Bank of Spain and will end well in almost all cases except La Caixa and Kutxabank.
Another question is whether there FROB paid with money from the EU Schemes Asset Protection (EPA) of various entities that have committed some 25,000 million. The IMF calls for "check condition" to reduce the guarantees of the first loss for the manager "more efficient". It also calls for a statewide database of investments in the brick to expedite the sale of property and "improvements to real estate appraisals" for "intervention affecting the adequacy of the provisions of the banks."
スペインの不良債権で破綻寸前の銀行が資本増強して救済された場合、銀行員の給料削減や、いくらかの銀行支店のの閉鎖を覚悟
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