recapitalisation

Although the "officials" found none of the options appealing, they ultimately chose recapitalisation while keeping the door open to a sale.

Yet if a recapitalisation of a substantial number of eurozone banks were needed, some member states might be unable to put up the money.

The Bank of England's Mr Tucker went furthest this month by saying that any CCP recapitalisation "should not come from the public sector" .

Regulators would be given the legal authority to dictate the terms of a recapitalisation, subject to an agreed framework.

Should it come to the worst, any significant ECB losses on the SMP would have to be met through a politically toxic recapitalisation.

An official travelling with Mr Wen said yesterday that the recapitalisation of the bank would happen "soon" .

Without saying he will ask for extra recapitalisation funds at a later date, Mr Geithner gave the impression that this was likely.

Such a crisis would require another recapitalisation effort by the central government, putting additional strain on China's public finances.

"The exercise does not attempt to assess specific institutions' needs for recapitalisation, " says CEBS.

The recapitalisation scheme outlined here would suffer from none of the difficulties of reverse auctions for hard-to-price securities.

The same was true in the US last autumn, but the opportunity for a full restructuring and recapitalisation of the system was lost.

So Merrill turned to Temasek, one of Singapore's two main state investment vehicles, for the bulk of its recapitalisation.

But it will not produce sufficient recapitalisation, let alone sort out the problem to such an extent that banks start lending again.

The burden of recapitalisation would fall disproportionately on a few, very large and relatively thinly-capitalised banks.

So recapitalisation must be a once-only event, with no enduring government guarantees or subsidies.

Government will take control in return for a substantial recapitalisation after losses have meaningfully been written down.

The pump-priming of government budgets through deficits and recapitalisation of banks offers only a temporary respite to the crisis.

Recapitalisation is essential if institutions are to be deemed creditworthy after the guarantees are withdrawn.

Talk of a co-ordinated recapitalisation of European banks sparked a rally in markets around the world on October 4th.

Even so, it is time to ask the awkward questions again. Does Cathay need a recapitalisation?

Then there has to be recapitalisation in one of the two ways indicated above.

During the crisis, excessive reliance on liquidity injections helped the Treasury delay the inevitable recapitalisation of banks.

These measures included "a centralised supervisory authority, region-wide bank deposit insurance and common bank recapitalisation funds" .

EU governments reacted to the acute phase of the crisis with mostly voluntary state recapitalisation schemes and debt guarantees.

But a huge recapitalisation during more normal monetary conditions would really hurt.

If so, then China may be due for its own round of financial restructuring and recapitalisation.

Mr Budenberg is an investment banker, one of the handful who advised the government on emergency bank recapitalisation in October 2008.

This would in severe cases require a recapitalisation of the banks, possibly by taxpayers, to ensure that solvency is maintained.

Two elements are necessary: massive provision of liquidity and recapitalisation of financially weak institutions.

With the recapitalisation of Lloyds, I think once again Lloyds will be one of the best banks in the world.

The state-backed recapitalisation of banks on both sides of the Atlantic has staved off a systemic collapse of confidence.

A shake-out of weak developers and property assets, and some recapitalisation of banks are all manageable.

This would amount to compulsory recapitalisation and would cast the "too big to fail" issue in a different light.

If things do proceed in this manner, the odd effect of recapitalisation will be to increase leverage in the system.

The alternative is forced writedowns of bad assets in the financial sector and either more fiscal recapitalisation or debt-for-equity swaps.

A fragmented, nation-by-nation approach to recapitalisation will not work this time, however.

If direct bank recapitalisation is still needed, the Treasury can do that too.

Would shareholders and creditors invest in a big bank given the risk of a forced recapitalisation?

Depositors also contributed to the recapitalisation of the banking system.

Yet Britain does not offer to help and demands to be consulted on big decisions, for example on bank recapitalisation.

Goldman Sachs is set to join a swelling band of banks seeking to repay funds received from the US government's bank recapitalisation scheme.

The fundamental problem is that the strategy might actually deter recapitalisation, which surely should be a priority.

S&P reckons the additional costs of bank recapitalisation (if properly accounted for) would push up public debt by a further 23% of GDP.

Mr Kingman was also closely involved in the ground-breaking bank recapitalisation.

A clear plan for a forced bank recapitalisation in the euro zone is badly needed, too.

Provide recapitalisation funds to non-banks as well as banks at a later date.

The fourth option, recapitalisation, would convert the claims of unsecured creditors to equity in the bridge bank.

This is in accordance with the German position and more helpful to France than immediate recapitalisation.

Completing the recapitalisation would remove the incentive to deleverage.

Consequently, lower global stock prices could impede the recapitalisation of banks and other financial institutions.

Such recapitalisation is an alternative to forced debt-to-equity swaps.

The Fed would also guarantee interbank borrowing by banks eligible for recapitalisation.

This can take different forms, from bank recapitalisation to forgiveness of all the underlying debts.

second and more important, this scheme is likely to make recapitalisation by government even more unpopular.

The state ownership of China's banks means recapitalisation can be rapid.

They say the market has already taken on board the full gamut of bad news, from debts to defaults and recapitalisation.

Nobody is solving the toxic asset and recapitalisation problems of the banks.

The standard advice here is to return the private financial sector to health through recapitalisation.

State-backed recapitalisation in the US and Europe has already in effect nationalised some banks.

A good example is the Spanish recapitalisation of the savings banks.

The recapitalisation funds would be limited to the top 55 banks in Russia's 1, 100-strong banking system, analysts said.

Why might this scheme get in the way of the necessary recapitalisation?

We now hear that the solution is a massive and quick recapitalisation of banks.

The recapitalisation of the banks should wait until then.

The voting share of European Union members was cut by 2. 8 percentage points in the recapitalisation agreed during the financial crisis.

Ensuring liquidity has to proceed even faster than recapitalisation.

Sino-Forest may consider a recapitalisation, or a sale of some or all of its businesses, the group said.

It reflected ECB fears that a planned recapitalisation of Greece's banks could be delayed.

Better to tackle recapitalisation head on.

China has pumped $60bn of reserves into bank recapitalisation.

His position is that recapitalisation is primarily a problem for the banks, not the government.

The recapitalisation will be reckoned according to bond prices on September 30th, when French ten-year bonds were still yielding 2. 6%.

The government, for example, used about $60bn from the reserves in recent years to fund the recapitalisation of the important state banks.

a recapitalisation of the European banks that will suffer from that restructuring;

There are two reasons: first, Congress may decide this scheme makes recapitalisation less important;