Too Little, Too Late?
“As all asset prices adjust to a new and maybe not-so-positive environment,” there’s “a risk that volatile and declining markets can lead to market panic.”
Central banks seem leery about the Chinese yuan.
“We are looking at all options.”
After much lobbying, guidelines for banks become “non-binding expectations,” says the ECB.
Even banks outside Italy have an absurdly out-sized exposure to Italian sovereign debt.
In the War on Cash, a rare defense of physical money by an ECB Board Member.
“If authorities do not act preemptively, cryptocurrencies could become more interconnected with the main financial system and become a threat to financial stability.”
Nine years of scorched-earth monetary policies come home to roost.
“Near-zero risk” derivatives… the banks are on board.