Securities
in sentence
720 examples of Securities in a sentence
According to SAFE, as of February 2012, China had accumulated $4.7 trillion in foreign assets through purchases of United States government
securities
and other investments, and more than $2.9 trillion in foreign liabilities through foreign direct investment (FDI) and borrowing.
By contrast, the return on US government securities, which form the bulk of China’s foreign assets, was next to nothing.
China’s investment in US government
securities
and other sovereign debt will continue to yield extremely low returns.
Sovereign debt should come with equity backing, and emissions of government
securities
should be capped.
The ECB’s bailout initiatives climaxed with the introduction of quantitative easing (QE), whereby the Eurosystem’s central banks purchased €2.3 trillion ($2.8 trillion) in freshly printed euro
securities
– including government bonds worth €1.8 trillion – between 2015 and 2017.
Investment banks and credit rating agencies believed in financial alchemy – the notion that significant value could be created by slicing and dicing
securities.
Thus, it became essential to launch a new wave of far-reaching reforms, including liberalization of interest rates,
securities
markets, and foreign-exchange controls, in order to fund the more productive private sector and reduce excess capacity in SOEs.
The excess of saving over investment has given Japan a current-account surplus, allowing the country to finance all of the government borrowing domestically, with enough left over to invest in dollar-denominated bonds and other foreign
securities.
In the early 1930’s, monetary-policy incoherence paralyzed US policy, with the Federal Reserve Bank of New York locked in insurmountable conflict with the Chicago Fed over monetary easing (at that time through open-market
securities
purchases).
(To be fair, the banks tried to take advantage of the more financially sophisticated as well, as with
securities
created by Goldman Sachs that were designed to fail.)
Our recent focus has been on
securities
markets.
In October 2000, we published a groundbreaking article called "The Inside Story of Fund Management," which disclosed a previously suppressed Shanghai Stock Exchange analysis that showed that most of China's fledgling investment-fund-management companies were trading illegally and irregularly on the
securities
market.
In a speech around that time, the chairman of the China
Securities
Regulatory Commission, Mr. Zhou Xiaochuan, announced that the
securities
market welcomed media criticism and supervision.
If interest rates on US Treasury
securities
were high and rising rapidly as the debt grew, I would agree with this argument.
But interest rates on US Treasury
securities
are very low and are not rising.
Moreover, China is the largest holder of US Treasury
securities
(aside from the Federal Reserve), has significant euro holdings, is likely soon to become America’s largest trade partner, and looms large in trade with many European and Asian economies.
A European debt agency would purchase eurozone countries’ sovereign bonds, weighted according to each country’s contribution to the eurozone’s GDP, and use them as collateral to issue two
securities.
What happened next, of course, was that the dollar strengthened sharply, as investors, desperate for liquidity, fled into US Treasury
securities.
China and Hong Kong are the largest net purchasers of US Treasury
securities.
That is why the risk premia on Italian and other southern European debt remain at 450-500 basis points, and why, at the same time, the German government can issue short-term
securities
at essentially zero rates.
Interestingly, despite the UK reform, the weak international trend remains toward integrated regulation, and away from the traditional model whereby different agencies regulate insurance and securities, while the central bank oversees the banking system.
In 2007, for example, Chile’s
securities
regulator fined him for insider trading.
After the EU announced that it would require Apple to pay €13 billion ($14.6 billion) in back taxes, which it alleges were illegally reduced by the Irish government, the US fined Deutsche Bank, a German company, $14 billion to settle claims relating to its mortgage-backed
securities
business prior to the 2008 crash.
To be sure, Deutsche Bank and other European icons such as Volkswagen and British Petroleum should answer for, respectively, misdeed in selling mortgage securities, systematically manipulating CO2-emissions tests, and polluting the Gulf of Mexico.
One clear difference, though, is that Liikanen, unlike the UK proposals, allows
securities
underwriting in deposit banks.
This contrasts with the US, even after the 1999 repeal of the Glass-Steagall Act’s ban on affiliation between banks and companies engaged principally in underwriting
securities.
Today’s crisis was triggered by widespread concealment of bad loans within pools of
securities
sold all over the world.
While markets have judged today’s world – especially the dollar and
securities
linked to it – to have low risk when viewed in historical perspective, geopolitical risks in fact appear to be large.
The cultures never mesh well, and big
securities
businesses are notoriously difficult to manage.
But open-market operations can be conducted only with Treasury securities: Brazil’s Fiscal Responsibility Law prohibits the BCB from issuing its own.
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