Take the case of impaired assets: clearly, without cleaning the banking system, credit will not flow back to the economy.

Since he left Tyco, the company has registered $9 billion in losses and impaired assets.

We have now created insurance schemes and other schemes to deal with the impaired assets.

Germany's banks will take ten years to recognise their impaired assets from the crisis, and that includes sovereign debt.

We have to deal, in particular, with the 'impaired assets' held by banks, since these discourage them from resuming lending.

G20 Finance Ministers discussed at length the treatment of impaired assets less than two weeks ago.

Officials dampen speculation after Gordon Brown promises 'action on impaired assets'

The guidelines we have set out on impaired assets and on support to the car sector are already being used to direct Member States' action most effectively.

After our initiatives on recapitalisation and guarantees, our guidance on impaired assets targets the major obstacle now identified as blocking the flow of credit.

Shares of the Texas Utilities Company jumped yesterday after the company took an expected dividend cut and wrote off $802 million in impaired assets when it announced its third-quarter earnings on Friday.

He also stated: "Purchasing impaired assets will create liquidity and promote price discovery in the markets for these assets, while reducing investor uncertainty about the current value and prospects of financial institutions.

By buying up bad loans and other impaired assets, and lending money to the banks, government officials in the United States were able to buy time for American banks to strengthen their depleted balance sheets.

Germany, even, has not recapitalised its own banks nor recognised impaired assets and also relies on the indulgence of everyone else in the EU and worldwide to allow silent participations as core capital, otherwise stress tests will be failed.

The company had said earlier that the restatements would cover issues including changes "in the accrual for non-cancelable lease obligations relating to closed stores and to reflect non-cash charges related to a change in the company's method of accounting for impaired assets."

The law established that the FOBR had the administrative power to oblige financial institutions to transfer to an asset management company (SAREB) certain assets: particularly impaired assets and assets which could be considered a threat to the viability of an institution.

This bad bank will receive funding from the European Union via two different means: a capital injection into the FOBR from the European bailout fund and acceptance by the ECB of the bonds issued as payment for supposedly impaired assets.

Our guidelines on impaired assets, our communication on the automotive sector and the report that I have entrusted to Jacques de Larosière and his high-level group have enabled the Member States to build a consensus so that they can rally round common positions.