OREANDA-NEWS. Fitch Ratings is holding a teleconference discussion on the impact of quantitative easing on sovereigns, banks and capital markets on Wednesday 25 February at 15.00 GMT / 10.00 EST. This follows the publication of its new report, Quantitative Easing Can Support Sovereign Ratings.

On 22 January, the European Central Bank announced a large scale asset purchase programme of more than EUR1trn until September next year, with a possible extension should inflation fail to converge to the ECB's 2% target.

The transmission channels of such a large programme to the real economy are in theory multiple but in practice hard to quantify. Fitch's analysts will discuss the direct and indirect impact of the recent QE on sovereigns, banks and capital markets.

The teleconference will be chaired by Monica Insoll, Managing Director in Fitch's Credit Market Research team, who will be joined by colleagues Gergely Kiss, Director in Fitch's Sovereign team and Bridget Gandy, Managing Director in Fitch's Banks team.

Key discussion points will include:
- Monetary transmission mechanism: portfolio rebalancing, asset prices, exchange rate and investor confidence.

- Sovereigns: financing flexibility, exit strategies and rating implications.

- Banks: what is the impact on bank funding, asset valuation, profitability and lending appetite?

- Capital markets: how is supply and demand affected?

- What could be the unintended consequences of QE?

This will be followed by a question and answer session. Questions can also be emailed in advance to: olivia.hardy@fitchratings.com

Teleconference Details:
Date: 25/02/2015
Time: 15.00 GMT / 10.00 EST

Registration:
https://event.onlineseminarsolutions.com/eventRegistration/EventLobbyServlet?target=registration.jsp&eventid=947421&sessionid=1&key=F845BA64F2DB6722C87723A39EB1B5F5&sourcepage=register

All participants must register for the teleconference using the above URL.

A replay of the call will also be available at, www.fitchratings.com, under Fitch Events > Past Events.