Oct 13 Following are the latest measures taken
by governments to limit damage from the financial crisis:
* BRITAIN - Britain waded in on Monday with 37 billion
pounds ($64 billion) of taxpayers' cash to recapitalise three
major banks -- Royal Bank of Scotland (RBS.L), HBOS HBOS.L and
Lloyds TSB (LLOY.L) -- in a move that could make the government
their main shareholder.
* GERMANY - German Chancellor Angela Merkel presented a
rescue package on Monday that will provide 400 billion euros
($543 billion) in bank guarantees and a further 100 billion
euros in state funds to recapitalise its banks.
* FRANCE - French President Nicola Sarkozy said on Monday
France would create two funding vehicles with up to 320 billion
euros to guarantee bank lending and 40 billion euros to provide
capital to banks in need.
*SPAIN - Spain passed laws on Monday to guarantee bank debt
issued up to the end of next year with maturities up to a
maximum of five year.
*AUSTRIA - Austia will provide up to 85 billion euros in
guarantees and up to 15 billion euros in equity to support its
banks, Finance Minister Wilhelm Molterer said on Monday.
* ICELAND - Reykjavik looked for new partners on Monday to
dig it out of the crisis. A delegation headed for talks with
Russia on an emergency loan, ministers said it might be time to
consider joining the European Union and officials have also
signalled that it might turn to the International Monetary Fund
* INDONESIA - Indonesia raised its guarantee on bank
deposits to head off a run on lenders and eased central bank
rules so as to provide more liquidity.
* JAPAN - Tokyo said on Monday it was considering whether to
guarantee all bank deposits, while the central bank said it may
join further global efforts to boost dollar funding to strained
* SOUTH KOREA - South Korea said on Monday it would make it
easier for funds and foreign banks to be top shareholders in
local banks, in a move aimed at stabilising an industry rocked
by the global financial crisis. Seoul cut interest rates last
* THAILAND - The Bank of Thailand said on Monday it would be
more active in the foreign exchange swaps market at a time of
tight dollar liquidity.
* TAIWAN - Taiwan on Sunday said it would halve the daily
limit that stock prices can fall and extend a ban on short
*QATAR - Qatar launched a $5.3 billion plan to purchase bank
shares on Monday.
*SAUDI ARABIA - Saudi Arabia on Sunday cut its key lending
rate by 0.5 percentage points to 5 percent for the first time in
nearly two years to give increased liquidity to its banks and
cut their reserve requirements.
* UNITED ARAB EMIRATES - The UAE said on Sunday it will
guarantee bank deposits, and on Monday clarified its position,
saying it will cover deposits for three years, including those
with foreign banks with core operations in the Gulf Arab state.
* NORWAY - Norway introduced new measures on Sunday to boost
its banks' liquidity including plans for up to 350 billion
crowns ($57 billion) in new government bonds.
*PORTUGAL - Portugal's finance minister said on Sunday that
it will offer a credit line worth 20 billion euros ($27.5
billion) to guarantee the liquidity of its banks.
RECENT GOVERNMENT MOVES:
* AUSTRIA - Austria said on Wednesday it would give an
unlimited guarantee on bank deposits of savers.
* AUSTRALIA - The Reserve Bank of Australia (RBA) injected
A$2.63 billion ($1.8 billion) into the banking system on Friday.
The RBA provided banks with funding for up to a year on
Thursday, extending the length of loans.
* BRITAIN - Britain said on Wednesday it would make 50
billion pounds ($87 billion) of new capital immediately
available to retail banks and would extend 250 billion pounds in
guarantees to help them refinance senior debt.
-- In unison with other major central banks, the Bank of
England cut interest rates by half a percentage point. The
unscheduled cut to 4.5 percent was the biggest for seven years.
* BAHRAIN - Bahrain, which pegs its dinar to the dollar,
lowered its key interest rates on Thursday, tracking cuts by
central banks around the world seeking to mitigate a global
financial crisis that has sent markets into turmoil.
* BULGARIA - Bulgaria said it would raise the minimum bank
deposit guarantee to 100,000 levs ($70,180), or 50,000 euros,
from 40,000 levs.
* CYPRUS - Cyprus said on Wednesday it planned to raise its
guarantee scheme for bank deposits to 100,000 euros ($136,300)
from 20,000 euros.
* EUROPEAN UNION - European Union finance ministers agreed to
guarantee bank deposits of up to 50,000 euros ($67,930),
compared with 20,000 euros under current rules.
* FRANCE - France said it would set up a legal body so the
state could intervene swiftly to acquire stakes in banks that
ran into trouble in the financial crisis.
* GREECE - Greece on Thursday introduced legislation in
parliament to raise the guarantee on bank deposits to 100,000
euros ($136,900) for three years.
* HONG KONG - Hong Kong trimmed its main interest rate on
Thursday, effectively taking the total reduction this week to
150 basis points.
* ICELAND - Iceland, the country worst affected by the
crisis, took control of the its biggest bank Kaupthing, the
third such takeover in a week, and suspended all share trading.
* ITALY - Italy said it would deal with banks on a
case-by-case basis and a package of measures the cabinet
approved on Wednesday did not foresee a new bailout fund.
* NETHERLANDS - The Dutch government said on Friday it would
set aside 20 billion euros ($27.5 billion) of capital to protect
the country's financial companies.
* RUSSIA - Russia's lower house of parliament, the Duma,
approved two anti-crisis packages worth a total of $86 billion
on Friday. The packages made available $50 billion of state
money to banks and companies who need to refinance foreign debt,
and 950 billion roubles ($36.31 billion) to Russia's main banks
in subordinated loans.
* TAIWAN - State-run Bank of Taiwan said on Thursday it would
cut its savings and deposit rates by 10 to 39 basis points after
the central bank cut its benchmark discount rate to support
economic growth during the global credit crisis.
(Compiled by Dominic Evans; Additional writing by Carl Bagh,
David Cutler and Greg Mahlich; Editing by Andrew Callus)