Quotes of the month
“The good news is that the euro market is quite flexible, compared to the dollar market, which focuses primarily on three-year, five-year, 10-year and 30-year maturities. In euros, you can issue six-year, eight-year, nine-year benchmarks and investors don’t even blink”
“Covid is calling us all to really reflect on our mission and why we were created”
“It’s a cheaper option these days to bus around NPLs from one site to another, hoping that by diluting them, they will disappear. But they will not”
“When you look at our Covid-19 response package and the liquidity support we have helped provide to banks, we didn’t do this kind of thing in the financial crisis 10 years ago...