Hmm , EBA asks th banks how they would fund themselves without ECB money ?

http://www.ftd.de/unternehmen/finanzdienstleister/:ausstiegsszenario-aufseher-setzen-banken-auf-weichen-entzug/70027294.html

are banking on smooth withdrawal

© Image: 2011 AFP / DANIEL ROLAND

Exclusive With € 1000 billion cheap money supported the ECB, the European banks. Now questioned the supervisors EBA institutions, how they want to do without effective central bank money. by Uta Harnischfeger in A few months after the two cash infusions, the European Central Bank (ECB) of over € 1000 billion to provide the supervisors, if the banks get rid of the Euro-zone of the cheap money ever again. According to FTD information, the London-based European bank supervision EBA has begun to consult individual banks according to how they want to refinance in the future - without any further monetary base.

With the first time in December 2011 and again in February issued aids ECB President Mario Draghi had decisively contributed to the markets in the euro -zone calmed. The long-term refinancing operations allowed hundreds of banks to lend themselves to dream of one percent interest for three years money.

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But now, the Bank Supervision EBA institutes pressure to consider permanently get along without these cash infusions. "We ask the banks how they want to get out there again, you should be concerned about the after thought of a return to normalcy -. And which sources they want to tap into it," said one of the tasks entrusted. However, if it were not a systematic review.

The EBA is concerned that many banks could set up with the rain of money, largely because traditional funding such as unsecured loans become more expensive. "In the long term, large portions of this money will be replaced, of course, but it must be because it's something that market, and the question then becomes, at what price," Harm Semder, analyst at Standard & Poor's (S & P). But that's precisely the problem: Because the trust among banks remains fragile. Especially banking crisis in the southern states have to pay extra charges for heavy unsecured loans. The regulation makes bank loans as an investment for other banks also unattractive, because only include top-rated securities from banks to counter the fast cash reserves to Basel III to."Actually, banks like to invest in other banks. If you eliminate that, it gets really scary," Luis Maglanoc, analyst at Unicredit. Already there are early signs that rest on the banks cash infusions. Antonio Rizzo, an analyst at Barclays, said that Italian banks have missed it since the first ECB tender to refinance in the capital market. "The tender shall not be construed as a substitute for the occurrence of bonds, but ideally, as a guarantee of liquidity that will allow the banks to return to the institutional bond market."

In the first quarter French, Italian, British and German banks went only half as many bonds as in the previous quarter, with Italian banks, the decline was strongest. Unsecured bonds issued by Unicredit, Monte dei Paschi di Siena and Intesa were expensive. Some Italian banks, thanks to ECB tenders awarded nearly twice as much credit as they have deposits. "That leaves a huge hole refinancing," said Rizzo. In three years, which could be dangerous. "We see a great risk that the refinancing clenches at the end," warned S & P.

Each bank, as she wants
Deadlines Some large banks want to repay the central bank money prematurely. To Italy's Unicredit, the French banks BNP Paribas and Societe Generale and La Caixa in Spain for the Financial Times, according to repay a portion after a year - well before the due date. The German bank, however, has signaled that it wants to exploit the full term of three years.