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Kapil Sharma, the comedian. Title: KIS KISKO PYAAR KARU (2015) Genre: Comedy. Kapil Sharma’s first Hindi film.German Internal Market Commissioner Hans-Paul Friedrich has submitted a proposal to the European Commission for the creation of a European Deposit Guarantee Scheme. The European Parliament will vote on the proposal soon.
Hans-Paul Friedrich is concerned that the consolidation of banking sectors within the EU has led to the undercapitalization of some banks.
He wants the European Commission to start a discussion on deposit guarantee schemes, which would replace existing national schemes.
Friedrich wants to expand deposit guarantee schemes that would be valid across the EU, in place of the limited deposit guarantee schemes in individual EU countries.
The Europe Investment Fund of seven European countries, EIF, has signed an agreement with Chinese Bank of Communications, the He Xiangning Financial Group of China and the International Finance Corporation (IFC), the private-equity arm of the World Bank Group, to launch the world’s first UHNW transaction trust in China.
The funds of EIF will invest in a securitization vehicle, which will be managed by He Xiangning, the first China-based UHNW fund focused on long-term private equity investment in the global lifestyle sector.
The trust will invest in the personal collections of extremely wealthy individuals in China, including art, jewels, and exotic cars. This way, the trust will become the prime mover of the luxury arts and architecture revival in China.
Huang Chunhai, Chairman of He Xiangning Financial Group, said the banks are the most important and most powerful participants in the transaction fund industry, accounting for $6 trillion of assets in global markets, according to an estimate by Oliver Wyman.
Friedrich said the European Banking Authority has proposed developing a European banking union by 2019. The union could include Basel III rules on bank capital and liquidity.
This would help prevent financial stability risks for the EU if individual member states experience financial issues.
Friedrich noted: “The EU banking union and the general capital-stability regulation would be incomplete without a European Deposit Guarantee scheme. This would prevent the buildup of bad debts from one bank to another and even be a tool against terrorism.”Toronto police have issued a preventative alert in the city’s west end after a series of thefts from cars have taken place.
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