Lender of Last Resort
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Europe Back In The Spotlight
European Central Bank President Mario Draghi's shift to allowing his institution to serve as a lender of last resort calmed nerves and took the worst case scenario of imminent breakup off the table even though the program has yet to be implemented …
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FIDF 'returns to old role'
The Financial Institutions Development Fund (FIDF), which garnered losses amounting to Bt1.4 trillion during the 1997 financial crisis, looks set to resume its original role as "lender of last resort" under a draft amendment to the Bank of Thailand Act …
Read more on The Nation
ANZ chief suggests IMF focus on Europe
He suggested the international lender of last resort should take a closer look at banks in other parts of the world. ''If the IMF really wants to do something useful, I think it should start looking at the banks in the US,'' he said, ''perhaps, most …
Read more on Sydney Morning Herald
