Free Trial

No further details on remuneration

ECB
  • Nothing really new in the full details regarding the remuneration of minimum reserves.
  • It is in line with Lagarde's comments on preserving the effectiveness and the efficiency of monetary policy.
  • The full release is due here.
  • As we noted earlier, the main impact of this is to reduce bank profitability, and as we also noted, bank equities are being hit across the region (although the Eurostoxx Banks index seems to have stabilised somewhat now).

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.