EY and Outright Monetary Transactions: Difference between pages

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EY is one of the 'Big 4' largest worldwide professional services organisations and auditors.
(OMT).


EY was formerly known as 'E&Y', and before that 'Ernst & Young'.
Part of the [[open market operations]] of a central bank in which the central bank buys or sells securities outright - i.e. without the re-sale or re-purchase legs of [[reverse repurchase agreement]]s or [[repurchase agreement]]s.


This was a new tool for the European Central Bank in 2012 - and controversial, especially in Germany - though its use by other banks has not been so dogged by controversy.


EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited - a UK company limited by guarantee - does not provide services to clients.
[[Category:Risk_frameworks]]
 
 
== See also ==
*[[Deloitte]]
*[[KPMG]]
*[[PwC]]
*[[Big 4]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 19:06, 28 August 2014

(OMT).

Part of the open market operations of a central bank in which the central bank buys or sells securities outright - i.e. without the re-sale or re-purchase legs of reverse repurchase agreements or repurchase agreements.

This was a new tool for the European Central Bank in 2012 - and controversial, especially in Germany - though its use by other banks has not been so dogged by controversy.