{"id":214284,"date":"2023-03-20T11:52:36","date_gmt":"2023-03-20T11:52:36","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=214284"},"modified":"2023-03-20T11:52:36","modified_gmt":"2023-03-20T11:52:36","slug":"fondul-suveran-de-pensii-al-norvegiei-cel-mai-mare-fond-suveran-de-pensii-din-lume-care-are-investitii-si-la-bursa-de-valori-bucuresti-avea-o-expunere-de-735-mil-dolari-in-obligatiuni-credit-suiss","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=214284","title":{"rendered":"Fondul Suveran de pensii al Norvegiei, cel mai mare fond suveran de pensii din lume, care are investi\u0163ii \u015fi la Bursa de Valori Bucure\u015fti, avea o expunere de 735 mil. dolari \u00een obliga\u0163iuni Credit Suisse la final de 2022. Acum aceste bonduri nu mai au nicio valoare dup\u0103 salvarea b\u0103ncii de c\u0103tre UBS"},"content":{"rendered":"<p>\nFondul Suveran de Pensii al Norvegiei, cel mai mare fond suveran de pensii din lume, cu active de aproximativ 1.300 de miliarde de dolari, adic\u0103 de patru ori c\u00e2t PIB-ul Rom\u00e2niei, este printre marii pierz\u0103tori ai salv\u0103rii Credit Suisse de c\u0103tre UBS.<\/p>\n<p>\nLa final de 2022 Fondul avea obliga\u0163iuni Credit Suisse de 735 mil. dolari, iar dac\u0103 nu a modificat din aceast\u0103 pozi\u0163ie atunci a \u00eencasat o lovitur\u0103 extrem de dur\u0103 \u00eentruc\u00e2t odat\u0103 cu salvarea Credit Suisse de c\u0103tre UBS aceaste bonduri sunt f\u0103r\u0103 nicio valoare.<\/p>\n<p>\nCredit Suisse a spus c\u0103&nbsp;16 miliarde de franci elve\u0163ieni (17,24 miliarde de dolari) din datoria sa de nivel 1 suplimentar vor fi reduse la zero la ordinul autorit\u0103\u0163ii elve\u0163iene de reglementare, ca parte a fuziunii de salvare cu UBS, ceea ce a provocat duminic\u0103&nbsp;furia de\u0163in\u0103torilor de obliga\u0163iuni, scrie agen\u0163ia Thomson Reuters.<\/p>\n<p>\nFINMA, autoritatea de reglementare elve\u0163ian\u0103, a declarat c\u0103&nbsp;decizia va consolida capitalul b\u0103ncii. M\u0103sura reflect\u0103&nbsp;dorin\u0163a autorit\u0103\u0163ilor de a vedea investitorii priva\u0163i&nbsp;\u00eemp\u0103r\u0163ind durerea provocat\u0103&nbsp;de problemele Credit Suisse.<\/p>\n<p>\nPre\u015fedinta Marlene Amstad a declarat c\u0103&nbsp;FINMA a respectat cadrul bancar &#8220;prea mare pentru a da faliment&#8221; al&nbsp;\u0163\u0103rii&nbsp;\u00een luarea acestei decizii.<\/p>\n<p>\nAceasta \u00eenseamn\u0103&nbsp;c\u0103&nbsp;de\u0163in\u0103torii de obliga\u0163iuni AT1 vor r\u0103m\u00e2ne cu nimic,&nbsp;\u00een timp ce ac\u0163ionarii, care se afl\u0103&nbsp;sub obliga\u0163iuni pe scara de prioritate pentru rambursare&nbsp;\u00een cadrul unui proces de faliment, vor primi 3,23 miliarde de dolari&nbsp;\u00een cadrul acordului cu UBS.<\/p>\n<p>\nCreate \u00een urma crizei financiare mondiale, obliga\u0163iunile AT1 sunt o form\u0103&nbsp;de datorie de rang inferior, care conteaz\u0103&nbsp;pentru capitalul de reglementare al b\u0103ncilor. Ele au fost concepute ca o modalitate de a transfera riscurile c\u0103tre investitori&nbsp;\u015fi de a le&nbsp;\u00eendep\u0103rta de contribuabili&nbsp;\u00een cazul&nbsp;\u00een care o banc\u0103&nbsp;are probleme.<\/p>\n<p>\nObliga\u0163iunile pot fi convertite&nbsp;\u00een ac\u0163iuni sau pot fi amortizate atunci c\u00e2nd rezervele de capital ale unui creditor se erodeaz\u0103&nbsp;dincolo de un anumit prag.<\/p>\n<p>\n&#8220;Este uimitor&nbsp;\u015fi greu de&nbsp;\u00een\u0163eles cum pot inversa ierarhia dintre de\u0163in\u0103torii de AT1&nbsp;\u015fi ac\u0163ionari&#8221;, a declarat Jerome Legras,&nbsp;\u015feful departamentului de cercetare de la Axiom Alternative Investments, un investitor \u00een datoria AT1 a Credit Suisse.<\/p>\n<p>\nReuters a relatat mai devreme duminic\u0103&nbsp;c\u0103&nbsp;autorit\u0103\u0163ile elve\u0163iene au luat&nbsp;\u00een considerare impunerea de pierderi de\u0163in\u0103torilor de obliga\u0163iuni ca parte a acordului de salvare.<\/p>\n<p>\nDirectorul general al UBS, Ralph Hamers, a declarat anali\u015ftilor c\u0103&nbsp;decizia de reducere la zero a obliga\u0163iunilor AT1 a fost luat\u0103&nbsp;de FINMA, astfel c\u0103&nbsp;nu va crea o datorie pentru banc\u0103.<\/p>\n<p>\nDatoria AT1 a Credit Suisse a crescut mai devreme duminic\u0103, pe fondul informa\u0163iilor potrivit c\u0103rora ac\u0163ionarii vor primi ceva&nbsp;\u00een cadrul unui acord cu UBS, ceea ce a ridicat speran\u0163a c\u0103&nbsp;de\u0163in\u0103torii de obliga\u0163iuni vor fi proteja\u0163i.<\/p>\n<p>\nLa Bursa de la Bucure\u015fti Fondul&nbsp;\u015fi-a&nbsp;\u00eenjum\u0103t\u0103\u0163it participa\u0163iile la BRD SocGen (BRD)&nbsp;\u015fi Banca Transilvania (TLV), dar&nbsp;\u015fi-a triplat expunerea pe OMV Petrom (SNP)&nbsp;\u00een 2022, r\u0103m\u00e2n\u00e2nd pe pozi\u0163ii la Transport Trade Services (TTS)&nbsp;\u015fi MedLife (M). Singurul exit a fost cel de la Electrica (EL).<\/p>\n<div>\n&nbsp;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fondul Suveran de Pensii al Norvegiei, cel mai mare fond suveran de pensii din lume, cu active de aproximativ 1.300 de miliarde de dolari, adic\u0103 de patru ori c\u00e2t PIB-ul Rom\u00e2niei, este printre marii pierz\u0103tori ai salv\u0103rii Credit Suisse de c\u0103tre UBS. La final de 2022 Fondul avea obliga\u0163iuni Credit Suisse de 735 mil. dolari, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[8789,333],"class_list":["post-214284","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-fond","tag-pensii"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/214284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=214284"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/214284\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=214284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=214284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=214284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}