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"The B.O.J. will continue to pursue easy monetary policy via steady purchases of assets," he added, referring to the Bank of Japan.
CENTRAL banks have had an enormous impact on financial markets in recent years - both directly (their purchases of assets through quantitative easing) and indirectly.
That might include "heroic" purchases of assets, on a bigger scale than anything yet tried by the Fed or the Bank of England.
Mr. Olofson wrote that Global Crossing overstated revenue from sales of capacity on its fiber optic network and misreported costs associated with purchases of assets, Mr. Cohrs said.
The British investigation appears to be focusing on transfers to and from Madoff Securities International and purchases of assets made by the unit.
As the Fed said, monthly purchases of assets will be reduced from $85bn to $75bn£46bnbn), stock markets rose and bond markets helpfully went sideways.
Similar(42)
And it got 570 loans for purchases of asset-backed commercial paper.
In its statement, the Fed said that it would expand its emergency lending to allow commercial banks to finance purchases of asset-backed paper from money market funds.
Although this could occur through purchases of asset-backed securities, there are a host of difficulties in turning this idea into practice.
§ 741.8 Purchase of assets and assumption of liabilities.
MainStream was raising money to finance the purchase of assets from Verizon Communications, Bell Atlantic's corporate successor.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com