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Showing 11 - 20 of 25 results for "ERM"

Euro - another experiment doomed to fail?

BENJAMIN ONG  |  MONDAY, 29 JUN 2015
... what is at greater risk is the very existence of the single currency experiment. Like the European exchange rate mechanism (ERM) - and other unifying experiments before that - the euro will be another failed experiment. The European powers that be don't ...

Grexit not Greek to Brits

BENJAMIN ONG  |  TUESDAY, 17 FEB 2015
... the face for money unity experimentation in Europe. The most recent one before the euro was the "Exchange Rate Mechanism" (ERM) where European currencies were required to maintain their currencies within a band. It was established in 1979 and collapsed ...

"Boring" hedge funds shake gung-ho reputation

MARK SMITH  |  MONDAY, 9 DEC 2013
... perception of hedge funds is still stuck in the 1990s, with LTCM, the Asian financial crisis and the UK pound exiting the ERM. The reality now is that the industry is regulated, institutionalised and transparent and regulators globally say that they ...

Spain here we come

BENJAMIN ONG  |  THURSDAY, 15 NOV 2012
... because it must abide by the code of the single currency. The same code that forced Britain out of the Exchange Rate Mechanism (ERM) in the early 1990s, for like Spain now, it could not implement policies independent of its European brethrens. The Australian ...

UBS to cut up to 10 000 jobs

BEN COLLINS  |  WEDNESDAY, 31 OCT 2012
Swiss bank UBS AG could cut as many as 10 000 jobs after announcing a $AUD 2.25 billion net profit loss on Tuesday. As part of a cost-cutting following the result, Switzerland's biggest bank said that it "is likely to have a headcount of around 54 000" ...

The end is not nigh

BENJAMIN ONG  |  MONDAY, 14 MAY 2012
... Eurozone a reality - and at the same time avoid the pitfalls that disintegrated its predecessor, the Exchange Rate Mechanism (ERM) - that they're not gonna let this one go. This is because the cost of a break-up would be more than the price of glue to ...

More of the same

BENJAMIN ONG  |  FRIDAY, 18 NOV 2011
... and its insistence of maintaining high interest rates in the early 1990s - that unshackled the old exchange rate mechanism (ERM)? The Germans have shown that they're able to change their stance over the past few months, especially when the pain becomes ...

Autumn Angst

BENJAMIN ONG  |  THURSDAY, 10 NOV 2011
... once before (for those of us ancient enough to remember) when the United Kingdom opted out of the Exchange Rate Mechanism (ERM) back in late 1992. In what is now dubbed "Black Wednesday" the British pound plunged by more than 4.2% on 16 September 1992 ...

UBS CEO resigns over rogue trading scandal

RACHEL DAVIS  |  MONDAY, 26 SEP 2011
The UBS board of directors has accepted the resignation of its chief executive, Oswald GrA1/4bel, after the recent rogue trading scandal that lost the Swiss bank $2.36 billion. Sergio Ermotti has been named group chief executive on an interim basis ...

Yen sunk but not for long

BENJAMIN ONG IS FINANCIAL STANDARD'S DAILY COLUMNIST ON THE ECONOMY  |  FRIDAY, 17 SEP 2010