Witryna5 mar 2024 · Greece has submitted to European bank authorities an update on its Hercules Asset Protection Scheme in a bid to get the green light on a crucial detail … Witrynaproposed Hellenic Asset Protection Scheme (“the Scheme”, also named “Hercules”), based on the Italian securitisation scheme “GACS”, which the Commission had …
Deputy Minister of Finance in charge of the Financial System ...
WitrynaHercules is an asset protection scheme that is designed to attract private investors, which is an aid-free impaired asset relief measure alternative to centralised asset … Witryna15 sty 2024 · European banking authorities have yet to rule on whether the bonds to be issued as part of the Hercules Asset Protection Scheme will have a zero-risk … fine tool blade sharpening tool
Greek Parliament to approve Hercules asset protection scheme
Witryna18 mar 2024 · All four Greek banks under the direct supervision of the ECB – which together hold over 95% of total assets of the Greek banking system – have either … Witrynaproposed Hellenic Asset Protection Scheme (“the Scheme”, also named “Hercules”), based on the Italian securitisation scheme “GACS”, which the Commission had assessed as a no-aid measure1. (2) From February to August 2024, during a number of pre-notification contacts, the Greek authorities provided additional information to the ... Witryna28 sty 2024 · Greece's long-awaited Project Hercules, an asset protection scheme similar to Italy's, is no cure-all for the country's heavily indebted four largest banks, according to Scope Ratings. ... "Greece's asset protection scheme will likely accelerate banks' de-risking," said Marco Troiano, deputy head of the financial institutions team … fine tool knives