PUBLIC-PRIVATE INVESTMENT PROGRAM FOR LEGACY ASSETS - PPIPLA
A program designed as a result of the implementation of the trouble asset relief program (TARP). It is designed to help alleviate some of the strain caused by the existence of legacy assets on banks balance sheets. With too many of these assets, banks begin to have difficulty attracting investors, and are unable to issue credit to customers at the required rate. The plan is directed at ridding banks of legacy loans and legacy securities, and to sell the legacy assets to both private and public investors who will share in the risk as well as the profits.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
