Sentences with phrase «emergency liquidity»

The ECB's governing council raised the cap on Emergency Liquidity Assistance on Tuesday, according to a person familiar with the matter who asked not to be identified since the information isn't public.

As a result of this decision, Greek banks, already strained by the run on deposits, subsequently depend on Emergency Liquidity Assistance (ELA), which is, however, significantly more expensive than regular ECB financing.

Greek banking institutions are currently being retained alive via the provision of an costly type of emergency liquidity (ELA) which is swiftly becoming used up as capital flees the place.

The Minister said emergency liquidity was entirely a matter for the European Central Bank (ECB).

Socialist Party TD Paul Murphy condemned the reported comments by Mr Noonan against emergency liquidity for Greece, without capital controls.

«They have given $ 87 billion in emergency liquidity to Greece.»

He added he had sought clarification on Monday from ECB president Mario Draghi as to how long he thought it was feasible to pay emergency liquidity assistance (ELA) to Greece.

Several years ago, the Bank of Canada clarified that major systemically important financial institutions such as the Quebec - based Desjardins system and the B.C. Credit Union Central will only be eligible for Bank of Canada emergency liquidity assistance in a crisis if prearrangements are in place with provinces to cover any losses.

The ECB has frozen any further emergency liquidity assistance (ELA) to the Greek banks.

Capital controls would become necessary if the ECB decided not to increase emergency liquidity enough to cover deposit outflows or if the central bank opted to increase requirements for Greek banks» collateral, Aditya Chordia, an analyst at JPMorgan, said in a note.

Financial Emergency Liquidity Rider: Form number ASI94834ST 10 - 11.

Mr Murphy then quoted from the Financial Times that «Germany's Wolfgang Schauble and Michael Noonan his Irish counterpart pushed for curbs on emergency liquidity for Greek banks unless capital controls were imposed, one of the officials said».

Bank FDs of different tenures are safe and secure form of investment and also serve the purpose of meeting short - term liquidity or requirement of funds in case of an emergency

Greece has been bleeding deposits since late last year and is now dependent on the ECB's emergency liquidity assistance facility.

The chief executive officer of Greece's largest lender expects that the emergency liquidity assistance given by the European Central Bank (ECB) will end in 2018.

And to ensure he has emergency liquidity, he has been buying actual gold for more than a decade (no, he doesn't keep it at home).

Other market analysts were preparing for financial turmoil in Greece, however, if no deal was found this weekend, the ECB could then withdraw its emergency liquidity assistance (ELA) to Greek banks, forcing Greece to implement capital controls to prevent bank runs.

The ECB said the emergency liquidity had been continued «so that negotiations can continue and a deal can be done», Mr Kenny said.

Government spokesman Gabriel Sakellaridis said late Sunday that the Bank of Greece was asking for the ECB to provide money under its Emergency Liquidity Assistance mechanism.

That is all the ECB ultimately did — by refusing to increase the provision of ELA (emergency liquidity assistance) to Greek banks, the latter were no longer able to pay depositors who attempted to withdraw their own money.

Greek banks can now access $ 68.8 bn of emergency liquidity, BBG reports citing website Capital.gr.

Why is there a 5 % sales charge to my initial premium?When you incur a «back end load» by way of heavy surrender charges and market value adjustments, periodic or emergency liquidity can become very costly.

And, technically speaking, the bank may not even have run out of money, since it had access to an emergency liquidity line from the Federal Reserve.