The mutualisation of risk may have to encompass a euro-zone bank-resolution fund as well as a joint deposit-insurance scheme.
As I've advocated, a similar systemic risk levy to finance a "resolution fund" is being considered in Congress as a way to internalize potential bailout costs stemming from too-big-to-fail institutions.
If they hold firm on the sequester, they know the government will have to pass a continuing resolution to fund the government beyond March 27.
It said the US government should "seek resolution with the Iraqi government concerning the use of resources of the DFI (the Development Fund for Iraq) which might be in contradiction with UN Security Council Resolution 1483".
Meanwhile, the government's ability to fund itself (the "continuing resolution") runs out on March 27.
DiNapoli, acting as trustee of the state pension fund, in November filed a shareholder resolution calling on the company to analyze whether it would reduce its long-term liability by removing contaminated sediment outside the current cleanup zone.
In the Fund's view, an early and aggressive resolution of banking problems is key to a sustained recovery.
Meanwhile, Senate Majority Leader Trent Lott (R-Miss.) plans to introduce a non-binding resolution urging Attorney General Janet Reno to appoint an independent counsel to investigate the Democrats' fund-raising.
Meanwhile, Senate Majority Leader Trent Lott (R-Miss.) announced he is preparing a Senate resolution that will call on Attorney General Janet Reno to appoint an independent counsel to look into the Democratic fund-raising.
The resolution for change was filed by Christian Brothers Investment Services (CBIS) and members of the Local Authority Pension Fund Forum (LAPFF), organisations that own B shares.
The Pennsylvania Tobacco Settlement Investment Board (TSIB) adopted a resolution this week sponsored by State Rep. Josh Shapiro, D-Montgomery, that would prohibit Tobacco Settlement Investment fund monies from being invested in foreign companies tied to Iran and Sudan.
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