The Digest

Barry Eichengreen e.a. argue the IMF and G20 need to step in and sort out the Eurozone debt crisis; interesting ideas. (FT)

Portfolio Probe runs some experiments with portfolios having beta = 1. The results are interesting! (Portfolio Probe)

SWIFT launches reference data solution for payments. Reference data will be one of the big topics in a profit-challenged banking environment, it’s a straightforward way to save on capital and costs. (Bob’s Guide)

Cautious banks leave record amount on deposit at ECB but take-up of ECB dollar lending facility remains low. (FT)