Fitch on Tuesday placed Euroclear Bank’s ratings on “rating watch negative”, citing the potential for increased legal and liquidity risks from the European Union’s plans to use immobilised Russian assets for a reparations loan to Ukraine.
Fitch warned that insufficient legal and liquidity protections for such a plan could likely create a maturity mismatch in Euroclear’s balance sheet if liabilities of the Russian central bank become payable.
Fitch said it would aim to resolve the action once there was sufficient clarity on the policymaking process and implementation of the reparations loan, which could be decided at an EU summit being held on Thursday and Friday.
NoGarlic2387 on
R/Neoliberal, are you winning, son????
SevenNites on
How would Russia actually sue European banks if they actually do it?
Is it if European banks what to operate in foreign country where Russia isn’t sanctioned?
3 Comments
Fitch on Tuesday placed Euroclear Bank’s ratings on “rating watch negative”, citing the potential for increased legal and liquidity risks from the European Union’s plans to use immobilised Russian assets for a reparations loan to Ukraine.
Fitch warned that insufficient legal and liquidity protections for such a plan could likely create a maturity mismatch in Euroclear’s balance sheet if liabilities of the Russian central bank become payable.
Fitch said it would aim to resolve the action once there was sufficient clarity on the policymaking process and implementation of the reparations loan, which could be decided at an EU summit being held on Thursday and Friday.
R/Neoliberal, are you winning, son????
How would Russia actually sue European banks if they actually do it?
Is it if European banks what to operate in foreign country where Russia isn’t sanctioned?