Sentence examples for ncbs from inspiring English sources

If the likes of Greece were to default, after all, the ECB and its constituent national central banks (NCBs) would be in the financial firing-line.

However, these would be split across the Eurosystem as a whole, with the ECB itself bearing only 8% of them.As for the third form of support, identified by Mr Sinn, this is essentially just a way of describing the ECB's refinancing operations by highlighting the positions being built up by the NCBs.

In Europe, this might have to be amended to give permanent voting rights to NCBs from big countries: in America, the president of the New York Fed is the only regional boss with perpetual voting rights.

This does not appear on the ECB's balance-sheet but on those of the 17 NCBs of the euro area, which together with the ECB make up the Eurosystem.

But the ECB is owned by the 17 euro-area NCBs, and the combined capital of the Eurosystem was worth over €80 billion at the start of June.On the face of it, then, the ECB should be able to withstand losses arising from a default, even if it needed further recapitalisation by its NCBs.

The NCBs in the Eurosystem settle payments between one another through their "Target2" accounts.

The new quality standards for the sector, which came into force in April, are also significant in terms of driving workforce development, according to Enver Solomon, director of evidence and impact at the charity the National Children's Bureau (NCB).

Mr Duisenberg is more a "moderator" of the ECB's 18-strong governing council (the six executive board members, plus the 12 NCB governors), which meets to set rates every fortnight.Unable to rely on a strong individual, the ECB has set out a monetary-policy strategy with two "pillars", designed by Mr Issing.

It enables bidders to play the banks and their advisers off against one another, and so drive down the price (Goldman Sachs is advising LTCB; Morgan Stanley is retained by NCB).

I insure my car with Zurich and pay extra for no claims bonus (NCB) protection.

Come August, all sales material must specify how much an NCB is worth and what the cost would be in the event of a claim, so customers can decide if it's worth it.