Lars Frisell News
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Irish Central Bank Chief Economist Lars Frisell said some of the homes built during the nation’s real estate bubble will never be lived in.
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Few people represent the extremes of Ireland’s recent history more than Thomas McFeely.
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Irish Central Bank Chief Economist Lars Frisell said there is “no way around” consolidating the nation’s budget as it seeks to recover from its fiscal crisis.
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Global regulators may allow too-big- to-fail banks to use contingent convertible bonds to meet additional capital requirements designed to save them from collapse in a crisis.
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Lars Frisell thought it would be easy to find an apartment to rent in Dublin, the epicenter of western Europe’s biggest real estate crash, after he moved from Sweden to become chief economist at Ireland’s central bank.
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Swedish banks must do more to prepare for a deterioration in Europe’s debt crisis that could freeze interbank markets and cut off funding, said Lars Frisell, chief economist at the country’s financial regulator.
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Sweden probably won’t require banks to add countercyclical buffers to their capital reserves until after 2014 to help lenders adjust to a slowing economy, the chief economist of the country’s financial regulator said.
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China has set up a new department to supervise the Internet, as the government steps up efforts to tighten control over the world’s largest online market.
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Barclays Plc, Bank of America Corp.’s Merrill Lynch and Morgan Stanley can’t use New York law to block Theflyonthewall.com, an online financial news service, from issuing immediate reports about changes in their stock ratings, a federal appeals court ruled.
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Sweden may push back a plan to require banks to meet tougher capital standards than lenders outside the Nordic country as Europe’s debt crisis persists.
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