FINANCE|financial institutions and credit|banking
- an Tionscnamh Eorpach um Chomhordú Banc Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
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- Tionscnamh Vín Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
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- European Bank Coordination “Vienna” Initiative | EBCI | European Bank Coordination Initiative | Vienna Initiative
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- Definition forum, established in January 2009, involving international financial institutions, European Institutions, central banks, regulatory and fiscal authorities and large banking groups, that helped emerging European economies weather the worst of the global economic crisis Reference European Commission's Directorate-General for Economic and Financial Affairs website, http://ec.europa.eu/economy_finance/articles/financial_operations/2011-03-17-ebci_en.htm and European Bank for Reconstruction and Development website http://www.ebrd.com/pages/about/workwith/ifi.shtml
- Comment The EBCI is co-ordinated by the IMF, the EBRD and the European Commission, together with a number of countries where IMF/EC macroeconomic support programmes have become necessary (Bosnia and Herzegovina, Hungary, Latvia, Romania and Serbia).The platform has facilitated:(i) commitments by parent banks to finance the roll-over of external lending; and (ii) enhanced cooperation between supervisory agencies in home and host countries.A Full Forum of the EBCI met in Brussels in March 2011 to review its achievements and to map out its strategy for the future. A new Full Forum is planned for 2012 in Vienna. Based on Commission staff working document accompanying the report from the Commission on the implementation of macro-financial assistance to third countries in 2009 http://register.consilium.europa.eu/pdf/en/10/st14/st14510-ad01.en10.pdf and EBRD factsheet, "Vienna Initiative - moving to a new phase", May 2011, http://www.ebrd.com/downloads/research/factsheets/viennainitiative.pdf [21.6.2011]