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Capital flight would accelerate, weakening banks and the sovereigns responsible for backstopping them.
Luongo is a two-time NHL Second All-Star (2004 and 2007) and a winner of the William M. Jennings Trophy for backstopping his team to the lowest goals-against average in the league (2011; with backup Cory Schneider).
Similar(54)
Your standing offer to sell, that is, becomes a free call option for a speculator, backstopping him as he makes a speculative bet that the stock will fall.
Simon, according to its new plan, would pay $13.25 a share for the former and backstop the latter's planned $250 million stock sale at $5 a share.
As a matter of fact, provisions for technical backstopping of the field programme (TCP and SPFS as well as Trust Fund and UNDP projects) had already been included in the 1996-97 budget approved by the Conference (document C95/3, 97, refers).
Mr Balls also attacked Mr Osborne's refusal to legislate for a "backstop power" to allow for across-the-board separation of the banks, as something the commission also suggested.
Those discussions increasingly center on creating a better kind of backstop for mortgage lending, officials said.
So far, governments have not responded to Mr. Draghi's request for a backstop.
In return for this backstop, the reinsurer would pay the Treasury a premium.
It just makes logical sense for the backstop to be zero, not simply 80%.
Some supporters of government backing also like the idea, believing that it will demonstrate the need for a backstop.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com