Epstein Secrets

are in a stronger position compared to 2008 - 2009 with regard to capital buffers and currently CAR stands at 15% compared to 12% required by the Central Bank. 36 EFTA_R1_01979481 EFTA02678834 GOLOMT BANK Mongolian Stock Exchange ti C O 7 6 - MSE TOP-20 Index =Volume TOP 20 index O 4 t•1 0 l

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s, perhaps by converting the EFSF into a government-owned bank which would buy government-issued bonds using debt financing from the government-run Central Bank (1 know, the government is sitting in all the seats; don't ask). Commissioner for Economic and Financial Affairs Olli Rehn acknowledged that the EFS

.CEP .031 0 1 Nc03 4.5efr t VP& cit e tpp0/4\2 ; 044984 \f) s44 -cs 0 0 Source: Estrretes based on Thomson Reuters. Credit Suisse HOLT, Credit Suisse research 3 EFTA_R 1_02039968 EFTA02694022 Eye on the Market I September 25, 2011 J.P Morgan Topics: A note from the European Banking Authorit

s, perhaps by converting the EFSF into a government-owned bank which would buy government-issued bonds using debt financing from the government-run Central Bank (1 know, the government is sitting in all the seats; don't ask). Commissioner for Economic and Financial Affairs Olli Rehn acknowledged that the EFS

031 0 1 4 54:3 4.5efrs44 -cs 0 &Sec% t VP& cit e •P,344\2;10493.1 \f) 0 Source: Estrretes based on Thomson Reuters. Credit Suisse HOLT, Credit Suisse research 3 EFTA_R1_02039981 EFTA02694033 Eye on the Market I September 25, 2011 J.P Morgan Topics: A note from the European Banking Authority