ECB’s Liikanen urges the ECB to buy corporate bonds issued by midsized companies. This is all good and well, however we shall realize Liikanen is trying to solve a problem that has been an intended consequence by the financial regulation namely the Basel framework. Basel III builds on a mindset from the 60-ties and 70-ties when…Full article
This is an article describing a new EU regulation stipulating how olive oil shall be served in restaurants so the guests do not have to worry about if the olive oil is actually something else. Is that really required, or is it a sign of how silly the whole regulatory circus has become? Of course…Full article
The ECB today joined the Bank of England (BoE) in warning for unintended consequences of the FTT. The ECB worries about how effective the monetary policies can be with a distorting tax. The FTT will not tax transactions between banks and the ECB but taxing all inter-bank deals. Will it mean that the ECB will become…Full article
KANTOX – the club to trade foreign currencies corporate to corporate – has issued an interesting survey: Hedging FX risk SME and mid-caps by Kantox May 2013 Main conclusions of the survey: The biggest obstacle to FX risk management among SMEs and mid-caps is a lack of knowledge and in-house skills that would allow them to deal with the…Full article
Treasury Peer™ has awarded Philippe Roca and his team for their relentless efforts of creating a bank solely for corporate lending – the Corporate Funding Association. The goal for the bank is to have one product; floating rate EUR lending; only to one segment; corporates – large and small. The bank’s principles are that interest…Full article
Recently George Soros gave this speech, published in the Guardian, effectively arguing that Germany has only two alternatives; (i) allow mutualization of debt through eurobonds, or (ii) leave the EMU and the euro. Hans-Werner Sinn, president of the Ifo Institute for Economic Research and member of the German economy ministry’s Advisory Council responds in this…Full article
Unemployment in Europe continues to rise and quickly and the responsible EU commissioner says all governments need to act, through a top down strategy probably. Meanwhile the Norwegian newspaper Aftenposten presents a story on how it’s becoming more and more impossible to conduct business in France (in Norwegian). Here is my translation of the Aftenposten French…Full article
Erkii Liikanen, the head of Finland’s central bank is looking at buying corporate bonds to get the transmission effect working. In the EU the policy makers are often looking in the wrong places. Why can’t they just accept the fact that strangling the corporate sector with new rules, regulation and bureaucracy aiming at hindering taking…Full article
We have a huge gap in perspectives from governments and the private sector. This gap creates unnecessary unemployment and grievance. This film proves that governments and officials have a complete lack of understanding of the condition for entrepreneurship. This lack we also find in the new financial regulation and the policy responses to the financial…Full article
Treasury Peer TV
Introduction by the European Commission on the FTT (Financial Transaction Tax)
Treasury Peer Testimonials
People like you with such initiatives and such a dynamic spirit are great to have around! It is an honor to have met you.