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"backstop" Definitions
  1. (sport) a fence or screen used to stop balls from going outside the playing area
  2. (sport) (in rounders or baseball) the player who stands behind the person who is batting and catches the ball if that person does not hit it compare catcher (1)
  3. something that is done or prepared in advance in order to prevent worse problems if something goes wrong

986 Sentences With "backstop"

How to use backstop in a sentence? Find typical usage patterns (collocations)/phrases/context for "backstop" and check conjugation/comparative form for "backstop". Mastering all the usages of "backstop" from sentence examples published by news publications.

The EU has refused to reopen negotiations without a backstop or a technical backstop solution.
"A time-limit on the backstop defeats the purpose of the backstop because it means that once the backstop expires you stand there with no solution for this border," Weyand said.
" "If the backstop has an expiry date, if there is a unilateral exit clause, this is not a backstop.
" Asked if a time limit could be put on the backstop, she added: "Then it is not a backstop any more.
"Put simply, there is no deal that comes without a backstop, and without a backstop there is no deal," May told Parliament Monday.
" "In that space, we all accept that the backstop is the backstop, it's an insurance policy, nobody wants us to have to invoke it.
This applies especially to the backstop ... without such an 'all-weather' backstop-insurance, the European Parliament will not give its consent to the withdrawal agreement.
Any decision to enter the backstop would need parliamentary approval, and would require the government to have a plan to exit the backstop within a year.
Any decision to enter the backstop would need parliamentary approval and would require the government to have a plan to exit the backstop within a year.
The British complained that the EU wanted a "backstop to the backstop" and said No. Addressing the British parliament on Monday, May urged the EU not to allow a stand-off over the Irish backstop to derail the Brexit talks, saying she believed a deal was achievable.
The EU bolstered this promise — that the backstop was intended to be a temporary fallback plan — by adding legal force to this backstop in negotiations last month.
The EU would also happily apply the backstop only to Northern Ireland, not the whole UK. A Northern Ireland-only backstop was originally in Mrs May's deal.
"There has to be a backstop as part of the withdrawal agreement, and that backstop cannot have an expiry date or unilateral exit clause," he told Ireland's parliament.
Johnson said Monday that a deal could still be reached if the EU removed the "backstop" and considered alternative solutions, such as technology, to the backstop border issue.
"But we can't do it as long as that anti-democratic backstop, that backstop that seeks to divide our country, divide the UK, remains in place," he said.
That is a concession from the European side, which had been insisting on a backstop to the backstop, something relating to Northern Ireland only, and a proposal Mrs.
"We are working on a backstop and we need a backstop," for the Single Resolution Fund (SRF), the chair of the Single Resolution Board Elke Koenig told a conference.
The EU did offer some last-minute legal assurances that the backstop would be temporary, but this did not really alter the terms of the backstop and the Brexit agreement.
Looks like the backstop will be imposed (at least in part) in SK, MB, ON, NB. Other provinces and territories had already voluntarily taken on parts of the backstop. pic.twitter.
He added: "However controversial the role of backstop may be in other areas, your role as the backbenchers' backstop has certainly been one that's been appreciated by individuals across this House."
"For the secured backstop, banks should therefore assume at least a linear path for the backstop building up to 100 percent over the seven years," the ECB wrote in the draft.
The EU has insisted on an insurance policy - a "backstop to the backstop" - by demanding that London sign a treaty clause that could leave Northern Ireland inside the EU customs space.
Mr. Juncker, who believes that the backstop is actually favorable to Britain, is apparently offering commitments to finish a future relationship in good time so that the backstop is never needed.
" "Today is about demystifying this whole Northern Ireland backstop.
"She is committed to keeping that backstop but we have said and the EU have said the intention of the backstop is that if we get into it, it is temporary," she said.
Investment firm Angelo, Gordon & Co, which was blocked from becoming a backstop investor, estimated the fee was actually 32 percent because the backstop funds were receiving most of the rights to buy stock.
Asked three times if there was any scope for further concessions on the backstop, Barnier reiterated that the withdrawal agreement - of which the backstop is a key element - was the best deal possible.
There are elements of the backstop that are deeply uncomfortable.
The total $6 billion will backstop commercial paper (CP) borrowings.
Headlines Boris Johnson increases efforts to ditch Brexit backstop on.ft.
I think the plan will provide the backstop catastrophic coverage.
"Never mind the backstop – the buck stops here," he said.
"The trap of the backstop is the problem," he added.
The backstop could not be ended without the EU's permission.
The bailout fund could backstop it with another 60 billion.
He committed to remaining "the backbenchers' backstop" in the meantime.
But they think shelters are a backstop in the interim.
Why does Theresa May want to amend the Irish backstop?
Our backstop cannot be extended to the whole UK. Why?
We need this series of lawsuits to backstop their actions.
That limits May's scope for rejecting any backstop at all.
Cryptocurrencies, by contrast, have no backstop, no tether to reality.
He started out determined to scrap the notorious Irish backstop.
He'll backstop for RHP John Lackey against LHP Jaime Garcia.
"Our job is to backstop the diplomatic efforts," he said.
There could also be mechanisms to cooperate on any backstop.
That would mean the backstop could very well kick in.
There is no need or no wish for a backstop.
"If we get rid of the backstop, whole and entire, then we are making a lot of progress," Johnson said, when asked if it was only the Irish border backstop that he wanted changed.
Since many MPs who voted against her deal are concerned the UK would be trapped in the backstop permanently, Theresa May is looking to put an expiration date on the backstop to gain their support.
"To me no backstop is effectively the same as no-deal because what the backstop is is ... a legally operable guarantee that we will never see a hard border emerge again," Varadkar told RTE radio.
In an article in another Northern Ireland newspaper, the Belfast News Letter, former British foreign minister Boris Johnson also took aim at the backstop, describing May's agreement to accept a backstop as a "dreadful mistake".
"If we get rid of the backstop whole and entire then we are making a lot of progress," Johnson said, when asked if it is was only the Irish border backstop that he wanted changed.
May's team is understood to have agreed to a UK-wide customs backstop — a last resort position to ensure there is no physical border on the island — but that this backstop will only be temporary.
The first concerns the question of how long the backstop lasts.
The EU insists on the backstop; the hard Brexiteers abhor it.
MPs were clear that legal changes were needed to the backstop.
They also repeated the Irish backstop is only an insurance policy.
Britain suggested applying the backstop customs deal to the mainland too.
"If the ball gets to the backstop, I'm scoring," Duvall said.
The DUP may object to the terms of the Irish backstop.
"We expect that the backstop would never be used," Varadkar said.
Those aircraft will now be needed as an A350 backstop elsewhere.
If it does, it would not be to remove the backstop.
Two Brexit ministers resigned last year partly over the backstop issue.
He has no real proposal for replacing the contested Irish backstop.
Whether the plan — even as a temporary backstop — can convince Mrs.
Such a backstop could prevent a further run on the bank.
" Or: "What is the difference between a backstop and a doorstop?
The Trump legal team has prepared a backstop in any event.
Britain suggested applying a backstop customs deal to the mainland too.
He walks off the field and leans dejectedly against the backstop.
Instead, it is a financial product, a backstop against financial ruin.
The backstop presents an opportunity to put a brake on this.
And right now, it's saying that means the backstop must change.
Negotiations are taking place on what a workable backstop might be.
It will become the backstop for the zone's bank-resolution fund.
Britain's parliament rejected that pact, largely over concerns over the backstop.
But the European Union insisted that the backstop cannot be scrapped.
LONDON — The Irish backstop: convenient shorthand for a devilishly complex subject.
They stress they do not want the backstop to kick in.
"If you can get to a place where the potential longevity of the backstop - the potential that the backstop lasts for ever - can be adequately dealt with, that's what we are all seeking to do," he said.
The DUP's gripe is the Northern Irish "backstop" in the Brexit deal.
It is not too late to get real change to the backstop.
With central government as a backstop, a Detroit-style bankruptcy is unlikely.
But officials have repeatedly cautioned they are still haggling over the backstop.
But what's holding everything up is the issue of the Irish backstop.
Right now, the backstop stands in the way of a Brexit deal.
Moreover, as she points out, any Brexit deal requires an Irish backstop.
A Northern Ireland-only backstop would allow Britain an independent trade policy.
The U.K. would also need the EU's agreement to leave the backstop.
The backstop, as Brexiteers complain, already amounts to something close to this.
The facilities are used primarily to backstop the company's short-term debt.
The EU has insisted on a "backstop" clause in any Brexit treaty.
The veteran backstop nearly got the triple he needed five innings early.
Many in her party fear that these "backstop" measures could last indefinitely.
Alternative backstop arrangements, along the lines of those put forward by Malthouse.
Currently, 29 states and D.C. have wage floors above the federal backstop.
There could be some leeway in altering the terms of the backstop.
However, there remain a number of unresolved issues relating to the backstop.
Johnson, May's successor, says the backstop is unacceptable and should be scrapped.
Another point of contention is a proposed backstop to underpin eurozone banks.
The student-loan market also benefits from having an implicit taxpayer backstop.
"The backstop is not a prerequisite for the future relationship," she said.
Both those concepts would invalidate the purpose of the backstop, they say.
The big issue here is the "Irish backstop" in May's Brexit deal.
" "The transition period postpones the moment when the backstop will kick in.
The European Union has ruled out renegotiating the principle behind the backstop.
The EU says it will not renegotiate the Withdrawal Agreement or the backstop protocol within it, but could rework the Political Declaration setting out post-Brexit trade terms that may offer a clearer way of avoiding the backstop.
"The Irish position remains consistent and v clear that a "time-limited backstop" or a backstop that could be ended by UK unilaterally would never be agreed to by Ireland or the European Union," Coveney said on Twitter.
There is still no agreement on whether the Irish backstop -- the mechanism that would ensure Northern Ireland remains inside the EU customs union after Brexit to avoid a hard border with Ireland -- should apply to Northern Ireland only or the whole of the UK, and whether there is a further safety clause -- a backstop to the backstop -- to allow the UK to end this commitment.
We know what needs to be in that outcome, we need to have a backstop, we need to have a very clear appreciation of legal certainty, regarding not delivering a hard border, and that's why the backstop is crucial.
"I agree that when a lot of progress has been made on reducing risks nationally, we can have a common backstop and this common backstop could be domiciled in the ESM, as the finance minister said yesterday," said Merkel.
If the Irish backstop keeps Britain in a customs union, he is right.
Right now, sovereign debt is priced with an implicit backstop from the ECB.
Barnier said he had invited British negotiators to discuss the backstop next week.
The federal courts have long been a backstop to protect against unconstitutional laws.
Given that backstop, investors had little incentive to monitor bank creditworthiness that closely.
THERESA MAY's Brexit deal was rejected by MPs because of the Irish backstop.
But determining what that "Irish backstop" would actually look like is another issue.
The backstop is the most contentious part of the rejected deal in Britain.
But that failed to end Britain's objections to any Northern Ireland-only backstop.
Fitch views liquidity backstop resources of up to USD28bn are more than adequate.
This sunshine period provides an important due process backstop for the American public.
Its EU partners insist they will stand by it and defend the backstop.
Its immediate purpose is to provide a backstop for the upcoming cash calls.
A right for Britain to unilaterally decide it will leave the backstop. 2.
"We don't have the typical backstop of a Republican administration here," Greenwood said.
Precisely how much salt is needed in the crust to backstop the caramel?
"The references to the backstop do raise some difficult issues," May told parliament.
They called Trump their "ultimate backstop" to thwart regulations detrimental to their interests.
However, Macron insisted that any renegotiated deal would have to retain the backstop.
The backstop is part of a balanced package that isn't going to change.
The Panthers fired 52 on Los Angeles Kings backstop Kelly Hrudey in 1993.
And any backstop would have to have a clear expiry date, she said.
He's a backstop against the political insanity of the right and the left.
"I knew not to shoot because the backstop was not safe," he said.
" Mr. Juncker said the backstop was "an insurance policy, nothing more, nothing less.
Many Britons fear the backstop could keep Britain stuck under E.U. rules forever.
A right for Britain to unilaterally decide it will leave the backstop. 2.
Many workers don't have an adequate financial backstop in layoff situations, experts said.
The accord contains the Irish border "backstop" arrangement, which undermined Theresa May's deal.
The new Democratic majority in the House provides another crucial backstop for Mueller.
Elections have consequences and the Senate is the backstop against all out craziness.
This would replace the so-called "backstop" arrangement he says he cannot accept.
BREXIT: UK BREXIT MINISTER SAYS IRISH BACKSTOP RISKS WEAKENING GOOD FRIDAY PEACE AGREEMENT
Our proposed compromise removes the so-called "backstop" in the previous Withdrawal Agreement.
But the backstop was anathema to the hard-line Brexiteers like Mr. Johnson.
Boris Johnson, May's successor, says the backstop is unacceptable and should be scrapped.
But Powell said the Fed will continue to support it as a backstop.
Among other snags, the subsidized backstop insurance encourages building in high-risk areas.
Brussels still wants a "Northern Ireland-only" backstop — in case trade talks fail.
Already, markets have to make do without a more explicit central bank backstop.
But if no deal were done by then, the backstop would kick in.
Treasury is also asking permission to backstop money markets, according to the report.
So far, they have rejected any suggestion for changing the backstop unless Mrs.
EU and UK sources said London could accept other guarantees on the backstop.
If the backstop comes into force and talks on the future relationship break down with no prospect of an agreement, May said the unilateral declaration would make clear there was nothing to stop London from moving to leave the backstop.
BRUSSELS (Reuters) - Britain's Brexit minister said on Thursday he was confident that a workable "backstop" could be found to resolve the issue of the border with Ireland after Brexit, but said any such backstop needed to be limited in time.
At the heart of the matter is the backstop, a guarantee that there will be no hard border between Ireland and Northern Ireland if no agreement can be reached between Britain and Brussels to make the backstop unnecessary in the future.
The output floor acts as a backstop to ensure a minimum level of capital.
Neither the UK nor the EU wish to see the backstop enter into force.
However, Stubb told CNBC that the Brexit impasse is much broader than the backstop.
Details of the so-called SRF backstop are due to be finalised in December.
For these three reasons the backstop cannot form part of an agreed Withdrawal Agreement.
And the backstop rule is just an emergency clause that should never be used.
Emmanuel Macron, the French president, insisted that the backstop is not open to renegotiation.
That rules out a time limit on the backstop, which would negate its purpose.
The EU refuses his central objective of removing the backstop from the Withdrawal agreement.
Or to put it another way: she's our backstop against the inevitable robot revolution.
Many Brexiteers object to this because they fear being stuck in the backstop forever.
And it does not argue that the Irish backstop can simply be ditched altogether.
One of the missing parts is a backstop to the Single Resolution Fund (SRF).
BREXIT: IRISH PM VARADKAR SAYS IRISH BACKSTOP IS AN ABSOLUTE RED LINE FOR IRELAND
Initially, it could serve as a last-resort backstop in case of banking crises.
So the two sides have come up with what they call a "backstop" agreement.
But they disagree on the "backstop", or insurance mechanism, to exclude such border checks.
Two dudes leaned against the other side of that backstop shooting up😞 pic.twitter.
While lawmakers should just do their job, we need a backstop when they don't.
Read more: What Is the Irish Backstop, and Why Is It Holding Up Brexit?
Brussels stands firm that without the backstop, there is no deal to be had.
Betances' first pitch sailed high over catcher Brian McCann's head and to the backstop.
Doing so will reduce taxpayer exposure while allowing the agency to backstop extreme scenarios.
It's intended to be a backstop against catastrophic costs we didn't expect to incur.
Crapo's plan also calls for a backstop on mortgages, paid for by private guarantors.
The government can then set up a fund to backstop the insurance companies' payments.
For me personally, it would be right behind the backstop close to the dugout.
But they also stand behind Ireland's Leo Varadkar, who insists on keeping the backstop.
Some of Mr Johnson's advisers want to revert to a Northern Ireland-only backstop.
They know many Tory MPs oppose Mrs May's withdrawal agreement even without the backstop.
One major sticking point in the Brexit process is the so-called Irish backstop.
The unspoken purpose of Chequers was to make the European Commission's backstop proposal redundant.
"I think in the short term, it helps to backstop missing enrollment," he said.
The backstop had 21 saves in a 5-2 loss at Columbus on Tuesday.
The Federal Reserve said it will create a backstop for prime money market funds.
May, such as a time limit for the backstop or a unilateral exit mechanism.
The best way to do that, he said, was with the current backstop agreement.
The choices before us were difficult, particularly in relation to the Northern Ireland backstop.
The EU says the backstop is essential for peace on the island of Ireland.
As the backstop would also keep Northern Ireland aligned to the rules of the EU's single market, Johnson and the Northern Irish party that props up his government see the backstop as a threat to UK unity - and their own political survival.
The EU says the backstop is vital to avoiding the return of border controls in Ireland and has refused to reopen the Brexit divorce deal, though May insists she can get legally binding changes to replace the most contentious parts of the backstop.
"There will be no withdrawal agreement without the backstop, end of story," Coveney was quoted by the newspaper as saying when asked about a suggestion by Brexit minister Dominic Raab on Sunday that an extension could be an alternative to the backstop.
If the backstop comes into force and talks on the future relationship break down with no prospect of an agreement, May said the unilateral declaration she announced would make clear there was nothing to stop London from moving to leave the backstop.
In practice, the economic impact of some kind of backstop provision is going to hinge on the implementation details — what would trigger the backstop and what would it look like — and at the moment, it's far from clear exactly what's under consideration.
"It's like a backstop, and until such time that we have a health care system that covers everybody for everything, we're going to need that backstop," said Alexandra Thornton, the senior director of tax policy at the liberal-leaning Center for American Progress.
The backstop issue, along with a common insurance scheme for European depositors, had long blocked the completion of the banking union, but a recent about-turn in Europe's powerhouse Germany in support of a backstop has opened the way for a deal.
Ireland said earlier on Sunday it would not accept any changes to the backstop agreement.
It was the first time the rookie backstop has hit that high in the order.
It showed him swatting at pitches, batting practice-style, in front of a small backstop.
It previously included that Irish backstop, but now includes the revised plan for Northern Ireland.
"These days my hard backstop is always a part of my withdrawal agreement," reads another.
Hence its insistence on writing into the deal a second backstop for Northern Ireland alone.
"We are ready to negotiate, in good faith, an alternative to the backstop," it added.
It would act as a backstop to its bank-resolution board, beefing up banking union.
Yet a majority of Northern Irish voters backed Remain in 2016 and support the backstop.
The "backstop plan" is that the entire UK will stay in the EU customs union.
The European Parliament threatens to veto any Brexit deal without a legally watertight Irish backstop.
Labour accepts the current withdrawal agreement, including the Irish backstop to avert a hard border.
CNBC takes a look at the so-called Irish backstop dominating much of the debate.
Barnier said he had invited British negotiators to work on the backstop issue next week.
UK ATTORNEY GENERAL ABANDONS TIME-LIMIT AND UNILATERAL EXIT CLAUSE FOR IRISH BACKSTOP- THE TELEGRAPH
While these aren't substitutes for a frank discussion, they serve as a backstop or guide.
Several EU diplomatic sources said Britain was seeking to terminate the backstop after three years.
The backstop is part of the Brexit withdrawal agreement rejected by British lawmakers on Tuesday.
Its position so far has been that only Northern Ireland should be in the backstop.
Without that backstop, states may restrict coverage to ensure that they do not face shortfalls.
Their currency is not the standard used by the rest of world as a backstop.
Those Brexiteers urging the EU to make "concessions" on the Irish backstop misunderstand its purpose.
So, the House bill, like every serious proposal for participation exemption, has a backstop provision.
"The fact that backstop guarantees were activated shows the operation was very risky," he said.
"Govt to publish backstop paper tomorrow morning - before Brexit committee," Laura Kuenssberg said on Twitter.
Those against the backstop and not proposing realistic alternatives in fact support reestablishing a border.
He wants to ditch the so-called backstop; the EU says it has to stay.
But large-scale opposition to the backstop forced Theresa May to try and change tack.
The prime minister will go to Brussels and ask for the backstop to be removed.
Yes, but: The published "backstop" proposal is riddled with couched language surrounding the time limit.
But when they think there's no such thing as court-proof, that backstop doesn't exist.
Vargas scored on a fielding error by Wright after his pitch rolled to the backstop.
A backstop like this is something that progressives especially have clamored for in the House.
In exchange, the new money providers would be entitled to a 7.5 percent backstop fee.
The backstop is one of the primary obstacles between May and victory in Tuesday's vote.
Should she fail, Alaska is seeking to erect a backstop to accomplish her goal administratively.
That would undermine the whole point of the backstop as a guarantee, the Europeans argue.
This would harness the power of the free market but have regulations as a backstop.
Medical researchers, racing to develop a coronavirus vaccine, represent the ultimate backstop to the crisis.
"We want to do this in a way where we are a backstop," he said.
European officials have been resolute that negotiations cannot be reopened, while the backstop must endure.
Johnson has ruled out the Northern Ireland-only backstop idea both publicly and in private.
Still, the backstop of proper Windows 10 reveals just how woebegone Chrome OS has become.
For months, Mr. McConnell has been touting himself as a backstop to Mr. Trump's removal.
While these aren't substitutes for a frank discussion, they serve as a backstop or guide.
Our goal is that the new relationship is ready before the backstop (enters into force).
The Irish backstop is a big part of it, at least for the hardline Brexiteers.
"The PM wants to get rid of the backstop," Boris Johnson wrote in the Daily Telegraph, saying May could insert a "Freedom Clause" to allow the United Kingdom to get out of the backstop without the agreement of the EU. "If the PM secures that change – a proper UK-sized perforation in the fabric of the backstop itself - I have no doubt that she will have the whole country full-throatedly behind her," Johnson said.
"The backstop is an insurance to avoid a hard border on the island of Ireland unless and until an alternative is found," Tusk said in a Tweet, responding to a Johnson letter on Monday proposing that the European Union agrees to drop the backstop.
Although seen as a last resort, the backstop was contentious for many Brexiteers because it would have kept the U.K. in a customs union with the EU for an indefinite amount of time and, crucially, the U.K. could not withdraw from the backstop unilaterally.
These are a "clearly worded, legally binding, treaty-level clause which unambiguously overrides" the text of the withdrawal agreement, with language that goes beyond emphasizing the temporary nature of the backstop and a clear means to exit the backstop if subsequent trade talks fail.
"We have been clear we want to get a deal, but it has to be a different deal, a good deal, one that abolishes this undemocratic backstop, and if we cannot remove that backstop then we have to leave with no deal," he said.
Merkel replied that the backstop was necessary until a new relationship between Britain and the EU is agreed, or until an agreeable alternative is proposed by the UK."The backstop has always been a fall-back option until this issue is solved," she said.
"From an Irish point of view there is some quite strong language that is positive, mainly that Britain is absolutely committed to what we call the backstop but more importantly they are determined to ensure that the backstop will never be necessary," Coveney said.
"To deploy a perhaps dangerous phrase, I have also sought to be the backbenchers' backstop," he added, alluding to the "Irish backstop," the safeguard for the Irish border in the Brexit deal that's generated a lot of the drama he's presided over in Parliament.
"I hope the prime minister takes the time to look at the alternative arrangements to the backstop because the backstop is the critical issue," Democratic Unionist Party leader Arlene Foster told reporters outside the European Commission, hours after EU leaders extended Britain's Brexit deadline.
Below is some information about the backstop, the points made by Johnson and the EU's reaction.
So they are succeeding on their own - but I am their backstop if they need me.
"Boeing will probably have to backstop a lot of that [financing] on its own," said Solomon.
"I will hold emergency talks with EU leaders to discuss possible changes to backstop," May said.
In essence, a "backstop" is aimed at preventing a 'hard' border between Ireland and Northern Ireland.
When the ball flipped toward the backstop, Hudson crouched and held his head in his hands.
She had already urged May to ditch the 'backstop', which negotiators had grappled with for months.
Due to low demand, the country's backstop fund - Atlante - has agreed to buy any unwanted shares.
The so-called backstop agreement was aimed at defusing the latest Brexit row within her cabinet.
The British prime minister is looking to add an end date to the controversial Irish backstop.
The withdrawal agreement, a legally binding treaty that includes the Irish backstop, will not be rewritten.
Any suggestion that Parliament should have a veto over entering the backstop will surely be rejected.
It's more of a backstop — or another source of data you can provide to your doctor.
Indeed, her Brexit secretary, David Davis, is threatening to quit unless this backstop is time-limited.
With Brussels still rejecting any legally binding end-point to the backstop, such hopes seem forlorn.
This adds an extra backstop in case the government's stalled negotiations with the EU are delayed.
For that reason, diplomats said, the EU insists on an Irish backstop in the withdrawal treaty.
The U.K. is exploring "alternative arrangements" and legal provisions to the current backstop, the statement said.
Speaking on Wednesday, European Council President Donald Tusk said the EU would "insist" on the backstop.
The pressure to get concessions from the EU over the backstop is extremely high at home.
Anyone shooting target practice should have a backstop in place to catch stray bullets, he says.
The prime minister was focused on getting the assurances parliament wants on the backstop, he said.
However, the European Union has consistently said it won't put an end date on the backstop.
Parents can act as a backstop, a means of halting conversations that make your tween uncomfortable.
McConnell has instead plussed up funds to stabilize markets and backstop plans that cover sick people.
Raab, an avowed Brexiteer, said the "undemocratic" Irish backstop had to go from the Withdrawal Agreement.
But the method she agreed for guaranteeing that — called "the backstop" — has alienated much of Parliament.
"We need to provide a credible long-term backstop for the single resolution mechanism," Hill said.
In 1982, the Hunt Commission proposed the superdelegates system as an institutional backstop against maverick candidates.
The backstop thus exists as a logical consequence of Britain's own negotiating objectives, not European caprice.
Needless to say, the day off comes at a pretty good time for the veteran backstop.
The federal government is the last resort and is the backstop to a robust local response.
The company uses the RCF as a backstop for borrowings under its $1 billion CP program.
So what is the Brexit backstop and why is it the key to unlocking Brexit talks?
So it's either the backstop or all of the United Kingdom staying inside our customs zone.
And a deal is doable by the 31st of October, but only if the backstop goes.
A position of last resort, the controversial "backstop" plan is essentially a legally-binding insurance policy.
Johnson has pledged to scrap the backstop plan, calling it a "divisive" and "anti-democratic" policy.
In a case like this, they serve as Congress intended, as a backstop against federal failure.
So their acquiescence could depend on the fine print, such as how the backstop would end.
That applies to the so-called backstop that the pro-Brexit lawmakers are particularly incensed about.
He had a big, familiar ask: undoing an all-important provision known as the Irish backstop.
That approach reflects what Democrats believe is a potential backstop for the embattled red-state Democrats.
The Treasury Department stopped a run on money market funds by providing a backstop for investors.
And there's always the World Trade Organization, with its own dispute resolution process, as a backstop.
The U.S. Federal Reserve could backstop bank loans, as proposed by former Fed Governor Kevin Warsh.
That smacks of duplicity when a day earlier he offered public money to backstop the pipeline.
"It is lightweight regulation, but there is a real enforcement backstop as well," Mr. Weitzner said.
Create your cash backstop before embracing the long-term risk and reward of investing in stocks.
The backstop is an insurance policy to avoid a hard border on the island of Ireland.
The backstop is an insurance policy to avoid a hard border on the island of Ireland.
In the meantime, she needs to secure from the EU a concession on the Irish backstop.
The Fed also said Wednesday night it will create a backstop for prime money market funds.
The Fed also said Wednesday night it will create a backstop for prime money market funds.
Ideally, a parent is a backstop against innocent fervor; against foolish, zealous choices and blissful ignorance.
At this point we need written proposals on the Irish backstop consistent with what was agreed.
"It is clear that unless the Withdrawal Agreement is reopened and the backstop abolished there is no prospect of a deal," Downing Street said in a statement after European Council President Donald Tusk said Johnson had not proposed realistic alternatives to the so-called Irish "backstop".
EU leaders did give May some extra legal assurances on Tuesday — basically add-ons to the Brexit deal — to help guarantee the temporary nature of the backstop, and to make clear that the backstop wouldn't be the default option for the EU-UK's permanent future relationship.
The EU says it will not renegotiate the withdrawal agreement or the backstop protocol within it, but could rework the political declaration setting out post-Brexit trade terms that may offer a clearer way of avoiding the backstop — say by keeping the UK in a customs union.
"I can live with the de facto removal of the backstop ... I mean that if there is a clear date that says the backstop ends, and that is in the text of the treaty or equivalent of the text of the treaty," Rees-Mogg told BBC radio.
Brexit negotiators crushed high expectations that a deal over the Irish backstop was imminent during the weekend.
The emergency channel is designed as a final backstop to prevent water from flowing over Oroville Dam.
The issue of the "Irish backstop" emerged as the main block on a deal a year ago.
The "backstop" is designed to prevent a hard border in Ireland, which no one wants to see.
Several Brexit supporting lawmakers also called on May to remove the "backstop agreement" from the withdrawal agreement.
We ask whether he'll be able to ditch the Irish "backstop" that has becomeBrexit's stickiest sticking point.
The think-tank has a library of papers on everything from the Irish backstop to social care.
Dublin does not accept that the backstop is a threat to peace, an Irish government source said.
RTE said the letter will, however, insist that there can be no renegotiation of the Irish backstop.
"We will oppose the toxic backstop & vote against the WA," she said, referring to the Withdrawal Agreement.
The Democratic Unionists, who normally support Mrs May, cannot abide the deal's "backstop" arrangement for Northern Ireland.
The backstop for the euro zone's single resolution fund for banks is likely to be the ESM.
Hardline Brexiteers' calls for the backstop to be time-limited are thus not just unrealistic but nonsensical.
Boivin said the firm sees the outlook as more risky but central banks are providing a backstop.
Introducing software into the cockpit as a backstop against human fallibility has been going on for decades.
The U.K. and the EU both signed up to the idea of a backstop in December 2017.
"The backstop remains the poison which makes any vote for the Withdrawal Agreement so toxic," he said.
Others build "contingency lines" farther back to act as a backstop if the first line is breached.
The government would nonetheless be paid a fee for providing a backstop against losses beyond that figure.
Clearing houses such as LCH act as a financial backstop if transactions they handle run into trouble.
Hunt and Johnson want to ditch the so-called backstop; the EU says it has to stay.
Brexiteers, or those who voted to leave the EU, dislike the Irish "backstop" part of the deal.
"But they still want a time limit on the backstop or a unilateral exit," another one said.
He only wants to signal to Bavarians that the CSU remains the conservative backstop inside the Union.
From the other side of the backstop, the older kids asked Barrett if the parents had overdosed.
It notes May's backstop does not mention "regulatory alignment" and so would create a hard border anyway.
Failing that, they want a legally binding assurance from Brussels that the backstop will only be temporary.
It's also unclear whether a Brexit deal based a Northern Ireland-only backstop would get through Parliament.
Johnson this week called for the Northern Irish backstop to be removed from the Withdrawal Agreement altogether.
The more flush the insurance fund, the more mortgages to lower-income borrowers the department can backstop.
What's more, there will never be a majority in Parliament for a Brexit deal without a backstop.
"And investors invest in Russia at their own risk, don't expect some kind of U.S. government backstop."
For example, a $200,000 life insurance policy can backstop a 10-year settlement of $20,000 per year.
As insurance, Patriot's lenders contributed $12.5 million to backstop the reclamation work in case Mr. Clarke failed.
"A backstop agreement is about reassuring the Irish that there will be no hard border," Barnier said.
I think that's accurate, but the major is concern is will it end up being a backstop?
The backstop curtain also serves as a screen that shows a projected image of a golf hole.
The EU says a backstop must be "all-weather" and not have a specific cut-off date.
BREXIT: UK BUSINESS MINISTER LEADSOM SAYS WE ARE LOOKING AT CREATIVE WAYS TO ENSURE NO IRISH BACKSTOP
Opposition to the backstop eventually led to the resignation of Prime Minister Theresa May earlier this year.
Because the program can vacuum up much of that information electronically, there's little need for a backstop.
A "backstop" solution, keeping Northern Ireland within European economic structures, remains on the table even though Mrs.
He says the Irish backstop is the main problem with the deal that needs to be resolved.
The European Union is demanding a "backstop" plan for the time before that technology is in place.
It's your financial backstop and the first place to turn if you're in need of some money.
The EU is adamant this so-called "backstop" must stay, and Johnson is adamant it must go.
Etsy, known for things like novelty needlepoints, is not generally an emergency backstop for pandemic cleaning supplies.
Equifax also houses much of the data that is supposed to be a backstop against security breaches.
Hundreds of divots and scuff marks fill much of the 12-foot wooden backstop behind the net.
Some of those profits go back to the Treasury as payment for access to a government backstop.
The next tier of Democratic opportunities doesn't provide an easy backstop to Democratic weakness in Wisconsin either.
The next tier of Democratic opportunities doesn't provide an easy backstop to Democratic weakness in Wisconsin either.
Earlier on Thursday, the EU's chief negotiator Michel Barnier said that backstop could not be time-limited.
Theresa May could take the EU's offer of a Canada-style deal plus an improved Irish backstop.
But Lankford said he would like to see a "backstop" if the economic growth targets aren't hit.
"We must have a detailed backstop solution, which is legally operational in the withdrawal agreement," Barnier said.
Such a roadmap should also include, as a longer term objective, the creation of a public backstop.
The backstop could also come into play if an agreement has still not been found by 2022.
European leaders not only demanded the backstop, but they also insisted that it have no expiration date.
If you have that kind of backstop, why not build a $69,000 house in a flood zone?
Brexiteers, most of whom are in May's own Conservative Party, see the backstop as treachery: a betrayal of the UK's promise to get out of the EU and break free of its rules and regulations, because the backstop could potentially keep the UK entrapped indefinitely in the customs union.
He said that while the instrument committed the EU to exploring alternatives to the backstop should a future relationship between the two not be concluded in a satisfactory and timely manner, it did not call into question that the backstop will apply unless and until such arrangements are agreed.
"We reiterated again the fact that the backstop was the problem ... the backstop needs to be replaced," Foster said after talks with May, adding that the meeting had been useful and that some of the debate around the exact nature of the changes needed was a matter of semantics.
The rest of the EU, including Ireland, say the backstop is crucial to maintaining peace on the island.
The compromise is an arbitration mechanism that will decide if the backstop, once invoked, is no longer needed.
The terms of the backstop amount to a hybrid of the EU Customs Union and Single Market obligations.
Bailout fund Atlante has signed a sub-underwriting agreement to backstop the IPO, Il Sole 24 Ore said.
They will find a big backstop there at the Supreme Court after one of the nominees is confirmed.
Sir Jeffery Donaldson, the Democratic Unionist Party's (DUP) chief whip, said the backstop is unacceptable to his party.
And we are ready to give further guarantees, assurances and clarifications that the backstop should only be temporary.
Johnson says it wants a key element of that deal, the so-called Irish "backstop", to be scrapped.
Irish Prime Minister Leo Varadkar said the EU could further explain what its intentions with this backstop are.
The "backstop plan" will call for the entire UK to stay in the EU customs union for goods.
The letter reiterated that the backstop would likely not be used and if so, would only be temporary.
While the Commission engaged seriously with these proposals it expressed concerns about their viability to resolve the backstop.
The bloc rejects London's demands for a time limit to the backstop, saying that would defeat its purpose.
Jacob Rees-Mogg, a leading Brexiteer, said he could live with a time-limited backstop, though on Jan.
The technology could also be a critical backstop when hurricanes or other natural disasters disrupts communications, he said.
They advocate a backstop policy to keep Britain in a permanent customs arrangement if there is no deal.
They may also offer bland reassurances about not wanting to keep Britain in the backstop against its will.
Moreover, as she herself points out, for any alternatives the EU would still insist on an Irish backstop.
It will be hard for the EU to come up with more assurances about the backstop before then.
"The only way to put things back on the right track is to ditch the backstop...," Johnson wrote.
In the Brexit deal it offers many concessions, including a backstop crafted to meet Britain's own red lines.
But, this is the whole backstop, this isn't some paragraph saying it will finish in 2025 or something.
Opponents of the backstop see this as "trapping" the UK in a relationship with the European bloc indefinitely.
Hubner said the EU would not blink on refusing to renegotiate the withdrawal agreement or replacing the backstop.
Johnson stuck to his guns, telling Juncker that the backstop had to go, a Downing Street spokesman said.
Assets of banks that do not build a sufficient backstop will automatically be devalued under the proposed rules.
This week, his government announced that it would impose a "backstop" carbon tax on those four holdout provinces.
It also stated that the backstop won't be the default permanent solution to the future EU-UK relationship.
The backstop is by far the most contentious part of the rejected deal for many lawmakers in Britain.
"The negotiations are continuing on what a workable backstop looks like - those negotiations haven't concluded," the spokeswoman said.
A strong state backstop would also give people confidence to spend more, supporting the economy's rebalancing towards consumption.
Parliament instructed her to replace the backstop by reopening the Withdrawal Agreement, but the EU ruled that out.
If losses from an attack exceed a set amount, a federal backstop kicks in to offset insurers' payouts.
LIQUIDITY CS&L's $500 million revolving credit facility that matures in 2020 provides sufficient backstop for liquidity needs.
The programs were designed to provide a critical backstop for companies that incur high-cost and unexpected claims.
The removal of the backstop will assuage the fears of some, if not all, pro-Brexit Conservative MPs.
"It's always nice to have a backstop or to have some protection when things go wrong," said Schumacher.
The EU rejects any time limit to the so-called 'backstop' insurance policy to guarantee an open border.
"He dismissed Johnson's demands to remove the controversial Northern Ireland backstop from the deal, describing it as "indispensable.
Wall Street loves buybacks because they artificially inflate earnings and backstop prices by providing a price-insensitive buyer.
He made 250 billion pounds, or about $331 billion, available as a backstop to keep the system functioning.
"We need to have the recognition that the backstop has to be Northern Ireland-specific," the official said.
There's a bit of progress on the backstop but we've no idea if it will fly in London.
The so-called "backstop" in Northern Ireland to ensure the open border is deeply unpopular with Brexit supporters.
" Addressing Parliament, May conceded that, "On one issue, the Northern Ireland backstop, there remains widespread and deep concern.
A legally operable backstop to avoid a hard border remains central to the withdrawal agreement for the EU27.
"The only tangible decision taken was to make the ESM a financial backstop for bank resolutions," he added.
British Prime Minister Boris Johnson has said a revised Brexit deal must include the "abolition" of the backstop.
For example, Ireland has a huge stake in the backstop and the guarantee of an open Irish border.
The first pitch to Syndergaard went to the backstop, and catcher Mitch Garver retrieved it on a ricochet.
But she reiterated that any deal had to include a backstop, and was very vague on her strategy.
May, and would be "free to leave on 1 January 2021 without being trapped in the 'backstop' protocol."
The EU Withdrawal Agreement, Farage said, was the worst deal in history even without the Irish border backstop.
A British official said it was felt there had been softening in the EU's rhetoric around the backstop.
Federal law allows that, but if a government pension fund collapses, older adults are left without a backstop.
Especially considering they would be unproductive 90 percent of the time and for use only as a backstop.
Together, the two entities collectively backstop a little less than half of the nation's $11 trillion mortgage market.
And we are going to need remedies as a backstop, if there is a lack of good faith.
Our government must serve as a critical backstop to ensure that consumers are not being taken advantage of.
They have suggested adding a "backstop" or "triggers" that would create automatic tax increases to create additional revenue.
The EU has tried to ramp up assurances that its "Northern Ireland-only" backstop will not be triggered.
It will play down the risk and may offer special joint mechanisms to oversee how the backstop works.
I think people are now are really now trying to find a solution to this Irish backstop issue.
May: something along the lines of a nonbinding text saying the backstop arrangement will not be long-lived.
May's agreement: the so-called "backstop" proposals to ensure goods flow freely across the Irish border after Brexit.
May's calls to rewrite the Irish backstop and dismissed her negotiating tactics that threaten a no-deal Brexit.
If he wants to take a leap of faith, maybe the city should backstop that leap of faith.
But the backstop protects the bloc's single market, not just Ireland, so it will be hard to alter.
Democrats might have used their leverage here to backstop the CFPB, but never made it a sticking point.
"The Commission has made proposals on further reassurances that the backstop, if used, will apply temporarily," Schinas said.
She began her pitch to European leaders on the backstop ahead of the no-confidence vote on Wednesday.
The backstop arrangement is intended to ensure a solution to the problem if no other solution is found.
In it, she said she would seek more assurances from the EU that the backstop wouldn't be used.
So May set up an "Alternative Arrangements Working Group" to look at, well, alternative arrangements to the backstop.
May's demands continued to focus around either a legally binding time-limit for the Irish 'backstop'; a right for Britain to unilaterally withdraw, or a commitment to a trade deal finalisation before 2021 to prevent the backstop from coming into force, the report said, citing unnamed senior EU diplomatic sources.
"It's important where we have a backstop that that both reflects the integrity of the UK with respect to the customs union and customs arrangement and also that it's temporary," Hancock told the BBC's Andrew Marr show, declining to say whether there would be an expiry date for the backstop.
However Donaldson's preferred solution of inserting a clause allowing Britain to either exit the backstop after a certain number of years, or of its own volition, has long been rejected by Ireland and the EU, who argue it would effectively mean that it is no longer a backstop at all.
The EU keeps arguing that their intention is not to trigger the Irish backstop; rather its aim is to reach a trade deal as soon as possible, but it needs the Irish backstop in the exit deal to protect its single market in the event a deal is not reached.
Second, I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit.
The joint instrument also gives a legal commitment that whatever replaces the backstop does not need to replicate it.
The law currently applies to banks that have access to the Federal Reserve's discount window or other government backstop.
To make room on the 25-man roster, the Cardinals optioned rookie backstop Andrew Knizner to Triple-A Memphis.
This is in large part because Lee believes the Federal Reserve is no longer the key backstop for markets.
Mr Bursch replied that the idea is to establish a "backstop" to prevent someone from making a "crazy decision".
Brexiteers, including Boris Johnson, opposed the backstop, as they felt it trapped the UK within the EU after Brexit.
For people who like to think of shareholders as the ultimate backstop of corporate capitalism, the findings are discouraging.
"We will support Ireland...the backstop is a red line we cannot negotiate with the British government," Timmermans said.
The Irish backstop plan is designed to preserve a fragile peace process, not the competitiveness of Edinburgh's financial sector.
The problem is that the two sides have different views on how such a backstop should be legally designed.
The attorney-general advised that Britain could stay trapped in the backstop if negotiations with the EU broke down.
Mr Cox duly advised that the new texts had indeed reduced the risk of being stuck in the backstop.
Bulls are again assuming that the global central bank backstop will keep the global economy out of a recession.
A second idea is to revert to the original December 2017 plan of a backstop covering Northern Ireland alone.
Indeed, Brexiteers' insistence on removing the backstop is treated as evidence of doubts that their own magic would work.
That would mean bond investors could count on that powerful central bank backstop remaining in place for some time.
The first is that EU leaders will be less inclined now to soften the terms of the Irish backstop.
Among member states calling for a firm EU response to May's failure to agree to the backstop is France.
Nor would the EU's suggested "backstop" of a customs border between Northern Ireland and Britain be easy to swallow.
And after the past three months, trust in Mrs May has gone, making the backstop more needed than ever.
One is that the EU is ready to offer a renewed commitment that the backstop would be only temporary.
But in recent days Johnson has rejected this proposal and said the backstop must be scrapped in its entirety.
Yes, but: It's a key backstop that would have required continued emissions cuts if other forces lose their punch.
Only 11 percent of Conservative members thought the backstop made sense and should be part of the Brexit deal.
Medicaid would remain a backstop for low-income uninsured (although here, too, states can experiment with different coverage options).
PRO-BREXIT MEMBERS OF UK PM MAYS GOVERNMENT WILLING TO ACCEPT FIVE-YEAR LIMIT ON BACKSTOP - BLOOMBERG, CITING SOURCES
Zimmerman never stopped running and scored when the relay home from first baseman Freddie Freeman sailed to the backstop.
Another regular backstop investor, Contrarian Capital Management and its affiliates, disclosed a 9 percent stake in the coal miner.
"Kennedy's retirement makes it clear: States are the single most important backstop to protect American's rights," she told me.
That campaign failed because Navajo Nation leaders refused demands that the tribal government backstop NTEC and acquire reclamation liabilities.
By calling for the abolition of the backstop, Johnson was effectively calling for a "no-deal" exit, Varadkar said.
Britain has said the backstop, effectively putting Northern Ireland under EU economic control separate from London, is completely unacceptable.
But a 1-1 fastball to Martinez ticked off Sanchez's glove and rolled to the backstop, advancing both runners.
The backstop is supported by $10 billion from the Treasury Department and aims to boost liquidity in money markets.
As I said, CARB used to talk about cap and trade as a backstop, a guarantee of emission reductions.
London wants the backstop to be provisional rather than permanent, while the EU resists any suggestion it could expire.
However, politically it would be almost impossible for Johnson to present May's deal again without changes to the backstop.
In particular, it is unlikely to drop its insistence on the Irish backstop, which is one of Johnson's redlines.
The EU would insist on the Brexit bill, protection of EU citizens' rights and an Irish backstop as prerequisites.
But her words cast doubt on whether the ECB would always provide that backstop, particularly for countries like Italy.
In these circumstances the proposed "backstop" is a bridge to nowhere, and a new way forward must be found.
"The remaining options are the original, Northern Ireland-only backstop with some modifications, or an extension," said the diplomat.
That economic strength would give Trump a "backstop" if the trade situation deteriorates in the long run, Chin said.
"If you put together a backstop that business is scared about, they've got to plan for that," he added.
The "Irish backstop" has been a major sticking point in negotiations between the British government and the European Union.
The sudden stalling of the conference committee talks at the weekend led some Democrats to consider a backstop plan.
UK PM JOHNSON'S SPOKESMAN SAYS UK HAS PROPOSED TO EU SOLUTIONS TO BACKSTOP IN A NUMBER OF DIFFERENT AREAS
While refusing to abandon the backstop, European leaders have said they are willing to offer some assurances to Mrs.
The Europeans have argued that the backstop is only a fail-safe and could be replaced by alternative plans.
The EU is staying firm, and a full-scale renegotiation of the backstop is currently out of the question.
And it leaves no backstop to protect against moves by a Republican president to prop up the coal industry.
May's "backstop" solution remained keeping the whole of the United Kingdom inside the EU customs area longer than planned until a new UK-EU trade deal is agreed that would ensure there is no friction on the Ireland-Northern Ireland border - but with a get-out clause to avoid this backstop becoming permanent.
The backstop is controversial as the measure is seen as indefinite and would mean the Northern Ireland remains largely aligned to the EU., an unpalatable prospect for many politicians in the U.K. May traveled to the continent on Tuesday in a bid to persuade European allies to amend details around the backstop.
"We don't want to see any border on the Irish Sea but the commitment to an Irish backstop of last December is very clear," Coveney said, referring to the "insurance policy" backstop arrangement all sides agreed to in principle over how to retain an open border on the island of Ireland after Brexit.
According to the Times, May wrote to the leaders of the small Northern Irish political party she relies on to govern, saying that the EU is still pushing for a so-called "backstop to the backstop" which would keep the province in regulatory alignment with the Republic to avoid a hard border.
Johnson has since ruled out of the idea of a Northern Ireland-only backstop, telling viewers of a Facebook live that this option "simply doesn't work for the U.K." Under the current text of the Withdrawal Agreement, the backstop policy would be invoked at the end of a transition period in 2020.
"The Taoiseach set out once again the unchanged Irish and EU position on the Withdrawal Agreement and the backstop, noting that the latest developments had reinforced the need for a backstop which is legally robust and workable in practice," a spokesman for Irish government said after the two leaders spoke by phone.
Like the Tory rebels, the DUP is demanding that Mrs May renegotiate the Brexit withdrawal agreement, which includes the backstop.
"The backstop is a necessary guarantee, based on legal certainty, not just wishful thinking," he wrote in the Sunday Times.
The backstop is opposed by the Democratic Unionist Party (DUP), whose 10 MPs prop up May's minority government in Parliament.
"I don't understand how you get out of the backstop on Ireland, because it's an issue of logic," he said.
These meetings come ahead of a European Council meeting scheduled for Thursday where Brexit – and the backstop – will be discussed.
Lawmakers "would ... be happy with the current backstop if there was a time limit or unilateral exit mechanism," May wrote.
If you're unsure about your next paycheck, this is the time to turn to your emergency fund as a backstop.
If there is no trade agreement in this transition period (which could be extended), then a "backstop" could kick in.
But Dublin, backed by the EU, demands a legally watertight backstop that it could hold Britain to in international courts.
Yet Brussels is unwilling to apply the backstop to the whole country, insisting it must be for the province alone.
The EU has offered reassurances that the backstop would only ever be applied as the last resort, and only temporarily.
But absent changes to that backstop, Johnson has said he would take the U.K. out of Europe without a deal.
But to conclude the withdrawal treaty, Britain and the EU must agree on language that gives this "backstop" legal form.
Yet because the EU doubts this will ever work, it is now treating the backstop as the most likely outcome.
If they really believed in alternative arrangements, they would not worry about the backstop, since it would never be needed.
But Dublin insists the Brexit treaty must lock in a "backstop" arrangement in case that future pact does not work.
It argues that the backstop is an inevitable outcome of Britain's desire to leave the customs union and single market.
Fitch views liquidity backstop resources of up to USD8 billion as comfortable, considering the projected amount of commercial paper issuance.
Yet diplomats on the continent say the EU cannot possibly betray Ireland by allowing Mr Johnson to ditch the backstop.
Mr Corbyn has echoed Brexiteers' objections to Britain being stuck in the backstop, even though he favours a customs union.
Politicians are at odds over how to design and then implement any backstop, and to ensure it is not permanent.
He also said that the bank resolution fund should get a common backstop in case it run out of money.
It would also require the government to seek similar assurances from the EU about ending the backstop within one year.
He added that the revised document did not give Britain any legal means of exiting the "Irish backstop" arrangements unilaterally.
Her former foreign minister turned loudest critic, Boris Johnson, pressed her to put a firm time limit on any backstop.
"You need a backstop to ensure the United States of America still has a 30-year fixed mortgage," Sperling said.
And thanks to a national savings rate of nearly 50%, banks still have a strong funding backstop from plentiful deposits.
Powell wants a firm backstop against Trump's surprisingly public rebukes of the Fed's decision to gradually raise interest rates (Bloomberg).
Johnson has called for the backstop to be scrapped and replace with a new arrangement for managing the Irish border.
The EU has said that any alternative to the backstop must preserve the invisible Irish border in its current form.
" In response, Tusk tweeted, "Those against the backstop and not proposing realistic alternatives in fact support re-establishing a border.
Recent reports in the UK have suggested both sides are moving closer to agreeing on an alternative to the backstop.
"We are in discussions with the EU about changes ... in relation to the backstop for Northern Ireland," May told parliament.
That is why retaining the backstop is "an absolute red line" for Ireland, Prime Minister Leo Varadkar said on Monday.
Highly indebted firms face higher refinancing costs as U.S. interest rates rise but lack the IMF backstop that governments enjoy.
He said most people in Northern Ireland supported the backstop and claimed it protected, rather than threatened, the peace agreement.
Under this backstop measure, Northern Ireland would remain inside the EU's customs union and large parts of the single market.
Is there a further plan, a backstop if the stock markets look a whole lot worse in the near future?
Unionists have opposed the backstop as it stands for fear it could "trap" Northern Ireland within the EU's orbit indefinitely.
"There is no withdrawal agreement without a backstop and there is no implementation period without a withdrawal agreement," he said.
Brexiteers, including Boris Johnson, oppose the backstop, as they feel it potentially traps the UK within the EU after Brexit.
But that agreement, including the so-called Irish backstop, will not change, Mr. Barnier and other European leaders have said.
The Brexiteers' protest on Thursday doesn't change the fact that the EU has insisted that the backstop isn't renegotiable anyway.
Leadsom said on Sunday that MPs would not accept a backstop which the UK cannot leave without the EU's permission.
The D.U.P. would rather kill the backstop and risk a hard border between Northern Ireland and the Republic of Ireland.
But he carefully refused to rule out further British moves, both over the backstop for Northern Ireland and future trade.
House Democrats might also move forward with a stopgap funding bill of some sort as a backstop if talks stall.
The measures included a government guarantee for the bank's debt to support liquidity and a backstop on a capital injection.
This, he warned, could mean a no-deal Brexit that precipitates the very problems the backstop is meant to prevent.
This, he warned, could mean a no-deal Brexit that precipitates the very problems the backstop is meant to prevent.
The gap between the two sides over the so-called backstop to avert a hard border in Ireland is wide.
But that would mean also rejecting the ESM's role as a backstop for the bank resolution fund, which Italy wants.
Also, I married young-ish, so I always had the backstop of my husband's income to support us if necessary.
Without Chequers, the UK will have to engage more actively in shaping a backstop that both sides can live with.
I have also listened to Unionist concerns about the backstop so the new Brexit deal goes further to address these.
In part, it all depends on whether the European Union is willing to be flexible over the Irish backstop plan.
Brexit supporters hate the backstop because they say it could keep Britain beholden indefinitely to some European Union rules. Mrs.
Members of Parliament are specifically requesting that May revisit the part of the deal referred to as the Irish backstop.
Many legislators have demanded that the backstop be limited in time, and that Britain be able to dump it unilaterally.
May, who originally considered such a solution, later insisted that the backstop had to apply to the entire United Kingdom.
But London wants the backstop to be provisional rather than permanent, while the EU resists any suggestion it could expire.
"The backstop is not going to get through this parliament," Steve Baker, a leading member of the group, told Reuters.
Despite the differences, Irish Foreign Minister Simon Coveney told RTE radio an Irish backstop was "doable" by an October summit.
The eurosceptic wing of May's Conservative party fears the backstop could trap the UK in the EU's trading rules forever.
Kurz said the leaders had heard British Prime Minister Theresa May express concerns that the backstop could potentially apply indefinitely.
"(The) backstop has to be removed with a legally binding commitment to no hard border," Wilson said on RTE radio.
The backstop is aimed at keeping an open border between EU member Ireland and British-ruled Northern Ireland after Brexit.
It sets out to make approval conditional on Britain negotiating the right to terminate the backstop without needing EU consent.
The "backstop" provision in Britain's European Union divorce deal aims at avoiding a hard border on the island of Ireland.
According to the Times, May wrote to the leaders of the small Northern Irish political party she relies on to govern, saying that the EU is still pushing for a so-called "backstop to the backstop" which would keep the province in regulatory alignment with the Republic of Ireland to avoid a hard border.
"I would say to our friends in the EU if they don't want a no-deal Brexit then we've got to get rid of the backstop from the treaty," Johnson told reporters, referring to the Irish backstop mechanism that would guarantee that the border between Northern Ireland and EU member Ireland remains open after Brexit.
"I can live with the de facto removal of the backstop.... I mean that if there is a clear date that says the backstop ends, and that that is in the text of the treaty or equivalent of the text of the treaty," Jacob Rees-Mogg, a leading Brexiteer in Britain's parliament, told BBC radio.
May's opening gambit should be to admit publicly that her deal has serious problems: She has acknowledged that her agreement is not "perfect," but she continues to argue that the Northern Ireland "backstop" is not a real threat because no one in the European Union wants to see the backstop become a protracted reality.
The European Council also said that, if the backstop were nevertheless to be triggered, it would only apply temporarily, unless and until it is superseded by a subsequent agreement that ensures that a hard border is avoided, and that the European Union, in such a case, would use its best endeavours to negotiate and conclude expeditiously a subsequent agreement that would replace the backstop, and would expect the same of the United Kingdom, so that the backstop would only be in place for as long as strictly necessary.
The European Council also said that, if the backstop were nevertheless to be triggered, it would only apply temporarily, unless and until it is superseded by a subsequent agreement that ensures that a hard border is avoided, and that the European Union, in such a case, would use its best endeavors to negotiate and conclude expeditiously a subsequent agreement that would replace the backstop, and would expect the same of the United Kingdom, so that the backstop would only be in place for as long as strictly necessary.
The PM has been clear that the backstop was designed as an insurance policy that is never intended to be used.
"Ireland will never be left alone," Juncker said on Tuesday, reinstating the importance of the Irish backstop in the Withdrawal Agreement.
It also said it is making its bid on the condition it does not need to backstop its offer with cash.
"The prime minister said the UK would shortly put forward its own backstop proposal in relation to customs," her spokeswoman said.
The backstop of the federal courts imposing sanity with an eye toward something larger than political self-interest has been removed.
Third, it has become increasingly clear that the backstop risks weakening the delicate balance embodied in the Belfast (Good Friday) Agreement.
It may be possible to fudge some aspects of the backstop, but EU diplomats say it has to be legally operational.
Should no better solution be found, the backstop would have the UK follow some of the EU's trade rules after Brexit.
He said he could not support an indefinite backstop arrangement, and that May's plan threatened the integrity of the United Kingdom.
Otherwise their 10,000 or so raters, who are the human backstop to its various algorithms, would have nothing to go by.
She also offered new guarantees on workers' rights, environmental standards, the Irish backstop and a "compromise" over a temporary customs union.
But after Trump's announcement on Twitter on Thursday night, investors may be considering whether the Fed could be the real backstop.
Merkel suggested on Wednesday that an imaginative solution that would swiftly override the backstop could possibly be found within 30 days.
But the pluses required by the EU include both the Irish backstop and a level regulatory playing-field, similar to Chequers.
She will point out that a rebooted Chequers deal with an Irish backstop is the only serious option on the table.
BREXIT: NEW OFFER TO UK LAWMAKERS FROM PM MAY CONTAINS NOTHING NEW ON CUSTOMS ARRANGEMENTS, RETAINS NORTHERN IRISH BACKSTOP - THE TELEGRAPH
The currency also got a boost when Merkel this week suggested the EU would consider practical alternatives for the Irish backstop.
Britain has promised that its Northern Irish backstop will include "full alignment" with the relevant rules of the EU's single market.
A "backstop" to ensure no hard border between EU-member Ireland and British-ruled Northern Ireland has been the major hurdle.
Until the appropriate technological solutions can be found, then the option of a regulatory backstop must be left on the table.
The "backstop" meant to prevent the reimposition of a hard border in Ireland is a new use for an old word.
Even so, most Tory leadership candidates promise a swift renegotiation, and many are talking of a time limit to the backstop.
Both Boris Johnson and Jeremy Hunt claim they could renegotiate the Brexit deal to remove the Irish backstop before October 31st.
If this isn't corrected, the next pitch will skip wildly behind the catcher and roll all the way to the backstop.
Both the U.K. and the EU want some form of "backstop" that would prevent a hard border from being put up.
A deal on a Brexit withdrawal agreement, including an Irish backstop, and a political declaration about future relations is within reach.
But Mrs Foster's very weakness will make it harder for her to cross her "blood-red" line against the Irish backstop.
And Mrs May appended a unilateral declaration, which the EU agreed not to oppose, asserting Britain's right to exit the backstop.
BREXIT: UK CONSERVATIVE LAWMAKER GRIEVE SAYS BORIS JOHNSON HAS RADICALISED FURTHER ON THE IRISH BACKSTOP AND MAKES THE PICTURE MUCH STARKER
She failed to win major concessions — such as time limits — from the EU on the contentious issue of the Irish backstop.
A vow to continue cooperation would support oil markets because it would reassure traders the OPEC+ backstop would remain in place.
To be sure, the pressure for May to get concessions from the EU over the backstop is extremely high in Westminster.
The Irish backstop is contained in a protocol of the Withdrawal Agreement that Johnson's predecessor, Theresa May, agreed to in November.
With less than five months until Britain leaves the EU, the so-called Northern Irish backstop was the main sticking point.
"The EU has been very clear that there is no withdrawal agreement available which does not include a backstop," he said.
Michel Barnier, the EU's chief Brexit negotiator, tried to appease the concerns among U.K. lawmakers regarding the Irish backstop on Friday.
EU'S JUNCKER AND UK PM MAY'S TALKS COVERED ROLE ALTERNATIVE ARRANGEMENTS COULD PLAY IN REPLACING THE BACKSTOP IN FUTURE - JOINT STATEMENT
In any case, the Irish backstop - a key point of contention - would remain an essential part of the agreement, Coveney said.
The backstop is intended to prevent the return of a hard border between EU member Ireland and British province Northern Ireland.
"We hope that the backstop that many in the UK don't seem to like can be avoided," Coveney told the BBC.
Pool Re, set up in 1993, acts as a backstop to insurers paying out claims on property damage and business interruption.
The group backs an alternative withdrawal agreement, which is closely modelled on the existing agreement, but includes a different backstop arrangement.
Many Conservative rebels and the DUP object to this "Irish backstop", saying it risks binding Britain to the EU for years.
The backstop plan is designed to prevent a hard border between Northern Ireland and European Union member the republic of Ireland.
Since Tory Brexiteers want the backstop ditched completely, the prime minister's chances of getting her deal through Parliament still seem remote.
The controversial UK-wide "backstop" element of May's agreement has been ripped up and replaced by a Northern Ireland-only arrangement.
Coal unions and lawmakers from mining states have long pushed Congress to provide a backstop for retiree pensions and healthcare plans.
The inclusion of the backstop in the Withdrawal Agreement is partly why so many Conservative MPs voted it down three times.
The second one sailed to the backstop and drew a warning to both teams from Gabe Morales, the home plate umpire.
Chris Coughlan swung and missed but the ball rolled to the backstop, allowing Crisp to score and Coughlan to reach base.
The EU's Brexit negotiator Michel Barnier said Monday that time is running out to find a compromise over the Irish backstop.
Eagle, on the other hand, had to be relieved as backstop for the rest of the game after taking that hit.
The carbon pricing plan, which the government is calling a "backstop," was revealed in a document sent to reporters on Thursday.
The Trump administration on Wednesday proposed providing a backstop to money market funds, one of the biggest owners of commercial paper.
Fidelity warns that it may not be able to serve as your backstop when it comes to nondeductible individual retirement accounts.
The EU has insisted that the U.K. has not presented any viable, concrete alternatives to this backstop since Johnson took office.
That is because of the resolute opposition from hard-line, pro-Brexit Conservative lawmakers to the "backstop" provisions in her agreement.
He says his experience in business would give him a better chance of renegotiating the deal, particularly on the Irish backstop.
Nevertheless, many Conservative lawmakers hate her deal and in particular its so-called backstop plan to keep the Irish border open.
The Federal Reserve said it would backstop money market funds that invested in municipal bonds, making sure they can meet redemptions.
The group backs an alternative withdrawal agreement, which is closely modeled on the existing agreement, but includes a different backstop arrangement.
Behind the backstop, in a grandstand composed of five aluminum bleachers, the Mets owner Fred Wilpon sat in the top row.
In late August there was even talk of adjusting the backstop by narrowing it to agrifoods or setting a time limit.
When those signs are miscommunicated, the catcher gets crossed up and a passed ball skips to the backstop, slowing things further.
And unlike Biden, who is counting on a South Carolina "firewall" to revive his campaign, she doesn't have a backstop state.
Industry critics of the system say it distorts lending markets and encourages risky mortgage loans with U.S. taxpayers as the backstop.
In Northern Ireland Mr Johnson declared that the border "backstop", which would keep Britain in an EU customs union, is dead.
Mr. Schneiderman had cast himself as the anti-Trump, and a possible backstop to the special counsel's investigation of the president.
But the 24-year-old Swedish backstop slid over and denied Ehlers at 7:34 on the period's best scoring chance.
That arrangement, known as the Irish backstop, was reviled by hard-line Brexit supporters — one of the reasons Parliament rejected Mrs.
Sources told Reuters on Thursday that Italy's recently-created bank rescue fund Atlante was negotiating to backstop Veneto Banca's cash call.
He recalled a bill passed during the George W. Bush administration that established a federal backstop for private terrorism damage insurance.
It's a call that is being echoed by May's ministers, who want the EU to soften its position on the backstop.
Democrats have floated the idea, and several Senate Republicans have said it may be necessary as a backstop while talks continue.
Measures under consideration include a public backstop for a bank deposit insurance scheme and streamlining liquidity provision for banks under resolution.
He also underlined this "backstop" agreement had been reached with U.K. Prime Minister Theresa May at the end of last year.
And it would retroactively enroll the uninsured in the public option and reimburse providers for unpaid care through a backstop fund.
If they are doing particularly well with black voters, they might be able to count on South Carolina as a backstop.
The amendment would also require the government to seek similar assurances from the EU about ending the backstop within one year.
The European Commission's president, Jean-Claude Juncker, has said that it "cannot reopen the discussion on the backstop," adding that Mrs.
Another crucial question is whether there is a financial backstop if home, auto or health insurance don't cover the accident costs.
The biggest sticking point preventing a deal from being passed is the Northern Ireland "backstop," which Johnson says must be eliminated.
This is the brain trust that is supposed to backstop Trump's lack of personal knowledge, and their work is, frankly, shoddy.
But he did say London would offer proposals for regulatory aspects of the backstop to try to move the talks forward.
Hardline Brexiters have taken issue, in particular, with a so-called "backstop" approach intended to solve issues on the Irish border.
PD: So, what's crucial, when we're looking to maintain the political order that we have in our island, is an atmosphere of certainty on key things-, PD: And the immediate question both governments would get asked is, if a backstop is triggered, that has a-, a-, a timeline on it, what will happen in the period after that backstop?
Coveney said British proposals to change the backstop, such as introducing a time limit or a unilateral escape clause, might command a majority among UK lawmakers, but would not be backed by the EU. "The European Parliament will not ratify a withdrawal agreement that doesn't have a backstop in it, it's as simple as that," he said.
The backstop is something of an insurance policy designed to prevent a hard border between the Republic of Ireland and Northern Ireland if there's no trade deal between the U.K. and EU. May sought changes to the backstop arrangement within the Brexit deal (known formally as the "Withdrawal Agreement") because of widespread objection to it in the U.K. Parliament.
Attorney General Geoffrey Cox said in a statement Tuesday that while the legal assurances "reduced the risk that the U.K. could be indefinitely and involuntarily detained within the backstop" the legal risk "remains unchanged that the U.K. would have no internationally lawful means of exiting the Protocol's (backstop) arrangements, save by agreement," — that is, by mutual consent.
What's at issue: The latest battle has been over the legal wording of a "backstop" trade deal after the U.K. leaves the EU. Conservatives pushing for a hard Brexit want that backstop time-limited, fearing that May's preferred option of an indefinite solution — a supposed requirement for the EU — could leave the U.K. permanently attached to Europe.
He has rejected any version of the Irish "backstop", the default position which would keep Britain, in effect, in the customs union.
He swears he will bin the "backstop" designed to avoid a hard border in Ireland, which the EU insists is non-negotiable.
The backstop is essential, in the eyes of Europe, to continue the peace process between North Ireland and the Republic of Ireland.
And he urged New York lawmakers to guarantee free contraception -- a backstop against GOP-led efforts to repeal Obama's Affordable Care Act.
The emergency spillway was always considered a backstop option if the existing 3,000-foot-long spillway could not be utilized for outflows.
She proposed an "all-UK backstop", keeping a customs pact with the EU until "invisible" hi-tech frontier checks were in place.
It slams the door on any federal judicial backstop to rampant partisan self-interest at the expense of fair and representative elections.
Social Security's disability insurance provides infirm workers with a financial backstop in the event they're no longer able to earn a living.
European Council President Donald Tusk said a letter sent to him by Johnson included no "realistic alternatives" to the contentious Irish backstop.
Much depends on the question of the Irish border — and the proposed "backstop" — which has become the most intractable issue in negotiations.
With Luke Kunin screening Crawford, Fiala wristed in a shot that beat the Blackhawks' backstop on the glove side at 3:53.
The draft deal bore a heavy resemblance to the European Commission's initial version of the backstop, which May had rejected as unthinkable.
The EU cannot accept this, as the backstop must by definition be permanent until another way is found of averting a border.
The backstop is an insurance policy designed to avoid border controls between EU member Ireland and British-ruled Northern Ireland after Brexit.
The EU's chief Brexit negotiator, Michel Barnier, insisted on Monday that the withdrawal agreement, including the backstop, is not up for renegotiation.
Varadkar also recalled the prior commitments made that the backstop must apply "unless and until" alternative arrangements are agreed, the statement added.
The repeated lurches in Britain's approaches to Brexit seem only to strengthen the case for keeping the backstop as an insurance policy.
They said they hoped not to use the temporary backstop, but rejected a time limit or a unilateral British right of exit.
SPANISH FOREIGN MINISTRY SOURCE SAYS THERE MIGHT BE SOME ROOM TO MANOEUVRE FOR POLITICAL STATEMENT ON IRISH BACKSTOP, FORMAT NOT DECIDED YET
French government bonds appear particularly attractive, abandoned by international lenders in spite of the ever-vigilant backstop of the European Central Bank.
Protected by a federal backstop, OneWest turned $22015 billion in profits from 217 to 39, off an initial investment of $22014 billion.
To help backstop the identity, I had a bank in Puerto Rico—not only open an account, but backdated for ten years.
The EU has kept a firm stand, offering only reassurances that the backstop is seen by European officials as a last resort.
And if both sides strike a trade deal in the coming year, then the much-hated Irish backstop would not be used.
Critics of the backstop say it could leave Britain subject to EU rules for years after leaving the bloc or even indefinitely.
The backstop is only intended as an insurance policy ... It is the Union's firm determination to work speedily on a subsequent agreement.
BREXIT: UK ATTORNEY GENERAL GEOFFREY COX DRAWING UP PLANS FOR UNILATERAL EXIT MECHANISM TO BACKSTOP WITH 12 MONTH NOTICE PERIOD - THE TELEGRAPH
Key to those discussions will be whether the DUP switches to support May's deal even though it includes a controversial "backstop " arrangement.
Key to those discussions will be whether the DUP switches to support May's deal even though it includes a hated "backstop" arrangement.
"Ive underlined the need for us to see legally binding changes to the backstop which ensure it cannot be indefinite," May said.
We should be firmly against any Brexit agreement that doesn't include the Irish backstop or other arrangement to protect the peace process.
"If we're not the backstop right now in any way right now, then I'd be very reluctant to get involved," said Rep.
An EU backstop, funded by all banks in the bloc, is considered the best guarantee to protect savers and increase market confidence.
The bailout fund is to become such an emergency backstop which, should it ever be used, would get repaid by banks later.
Our policies should force Europe to defend its region with the U.S. as a backstop and not the first line of defense.
The 27 other EU members, though, say publicly and privately that the divorce settlement - including the backstop - is not up for barter.
"PM Johnson has stated that if an agreement is to be reached it goes by way of eliminating the backstop," Barnier said.
"The new UK government in Luxembourg this week outlined the aspects of the backstop which they don't like," Barnier told fellow MEPs.
The prime minister has insisted he can persuade the EU to agree to a "new" deal without the backstop for Northern Ireland.
Insurers rely on the funding, which serves as a backstop for those who wind up with a high share of costly enrollees.
"The backstop has been the continuing and fundamental flaw in the Withdrawal Agreement," Democratic Unionist Party leader Arlene Foster told Sky News.
Because the state wields so much control, lenders and investors alike come to count on it as a backstop when trouble arises.
It is meant to act as a "backstop" to a bank's core capital ratios which are based on the riskiness of assets.
Britain wants to limit it while the EU says any clear cut-off date attached to the backstop would defeat its purpose.
"I've underlined the need for us to see legally binding changes to the backstop which ensure it cannot be indefinite," May said.
It is he whom the EU must find a way to persuade to change his view that the backstop might never end.
While providing a backstop for the economy and markets, it also has given central banks less room to move in the future.
"It's kind of a backstop," Sahm said, especially for those who may lose their jobs, have their hours reduced or get sick.
The EU have repeated that the stalled deal - including the backstop - will not change with the arrival of a new prime minister.
He has empowered MPs, creating chances for them to interrogate ministers; in his farewell speech he described himself as the "backbenchers' backstop".
So what he Prime Minister has done is narrowed down the remaining issues to a single issue, the issue of the backstop.
SB: Well, the UK parliament has been against every option put before it except one, which is the deal without the backstop.
Such a move could remove the need for the backstop and, some in the EU believe, may win approval in Britain's parliament.
Brexit: The stickiest wicket is the so-called Irish backstop, a scheme for averting a physical border ever falling in Northern Ireland.
But the process might not be fast enough to backstop the system, which really needs to have its decimated cash flows replaced.
Despite the government's pledge to backstop employers, Mr. Denamur said it wasn't clear how or when he could obtain promised financial aid.
"To take away the backstop of the estate tax without a tax on capital gains at death is crazy," Mr. Rosenthal said.
The backstop has enraged hard-line Brexiteers, who see it as a Trojan horse for keeping Britain in the customs union forever.
Their vast reserves of capital act as a backstop to insurers, enabling them to shoulder the risks of hard-to-price markets.
The measures being considered include a government guarantee for the bank's debt to support liquidity and a backstop on a capital injection.
Think of it as a backstop for individuals who are unable to purchase long-term care insurance, which has grown increasingly expensive.
Investors have chosen passive strategies amid the low volatility and with central banks as a backstop in case instability creeps back in.
He acknowledged that Trump made a good point about the potential of a backstop measure to cause uncertainty in the business sector.
Speaking after a meeting with EU foreign ministers, Barnier told reporters that a legally operational "backstop" that respects Britain's sovereignty was required.
By trying to pressure the European Union to alter its stance on the backstop, which she negotiated and her cabinet supported, Mrs.
But that will require changes in the Irish backstop, designed to avoid customs checks on the border between Ireland and Northern Ireland.
They cautioned that an international treaty with a backstop — the Brexit deal — would take precedence over domestic measures trying to avoid one.
"The prime minister would never agree to a deal which could trap the UK in a backstop permanently," the spokeswoman told reporters.
Earlier this week, Treasury Secretary Steven Mnuchin told Bloomberg that he would prefer an explicit government backstop of Fannie and Freddie securities.
Earlier on Wednesday, European Commission President Jean-Claude Juncker and British Prime Minister Theresa May said that the backstop provision is temporary.
A far better approach is a public-private partnership, where private investment is leveraged with public funding and loan guarantees as a backstop.
But even an extension would not get rid of the EU's insistence that such a backstop must be agreed to secure a deal.
Knighthead and Abrams pledged to purchase a portion of the offered equity if shares are left unsold through a so-called backstop commitment.
Later on Tuesday evening, members of Parliament passed another amendment which called for the controversial Irish backstop to be replaced by an alternative.
Or there's the option of leaving with the (Irish border) backstop, with the alternative arrangements to be sorted out in the implementation period.
In particular, May said she would seek assurances from the EU that the backstop would prove temporary if it ever came into force.
Put forward by Conservative lawmaker John Baron, this amendment calls on parliament to reject any Brexit deal which includes a Northern Ireland backstop.
And Brexit supporters say such a backstop solution could leave Britain in a perpetual customs union with the EU they want to leave.
Foster's pro-British unionist party fears that the backstop provision, if implemented, could one day threaten the province's place in the UK altogether.
In the three-page letter, both presidents went a step further and confirmed that these commitments on the Irish backstop have legal value.
Once allowed to act as a backstop, the ESM could offer a revolving credit line of the same size as the bank fund.
The best you can hope for from the EU is vague reassurances on the Northern Ireland backstop, or some kind of legal appendix.
For instance, a home equity line of credit, which is secured by your home, can act as a cash backstop in a pinch.
The EU has consistently said it will not renegotiate the "backstop," it has also told Johnson that he has not proposed viable alternatives.
The backstop will anyway take effect only if a trade agreement does not deal with the border—as Mrs May says it will.
"It seems like May doesn't have backing in her cabinet for the backstop," said one senior EU diplomat who was briefed by Barnier.
The deal includes a protocol on the Irish border "backstop" - which Johnson wants scrapped - that then-prime minister Theresa May agreed in November.
And it is this text that includes the Irish backstop as well as a clause denying Britain the unilateral right to leave it.
Italy's new fund Atlante, which is supposed to act as a backstop for the banks, has stepped in to buy the remaining shares.
But the Daily Telegraph newspaper said Cox had abandoned attempts to secure a hard time-limit or unilateral exit mechanism for the backstop.
"It is important to invigorate the corporate bond market as the banking sector is under stress, so we need a backstop," Khan added.
So, we have to find collectively and we need a UK proposal precisely preserving this backstop in the framework of a withdrawal agreement.
Johnson has accepted an offer to meet Irish leader Leo Varadkar to discuss Brexit and the Northern Irish backstop, according to British media.
CEO Sundar Pichai showed off Google Lens with an innocuous image of a little girl playing baseball, taken from behind a chainlink backstop.
The withdrawal agreement that includes the backstop cannot be amended to include a time limit or an exit clause without undermining its purpose.
The industry acts as a financial backstop for insurance companies, helping them cover the cost of claims from natural and man-made disasters.
That potentially enables car owners to sell energy to the network, while utilities could use electric cars as a backstop if demand rises.
Atlante was created in April 2016 as a backstop for Italy's weaker lenders, with UniCredit and Intesa each injecting 1bn into the fund.
A majority of the U.K. Parliament rejected May's Brexit deal with the EU in January, largely because of opposition to the "backstop" policy.
A majority of the U.K. Parliament rejected May's Brexit deal with the bloc in January, largely because of opposition to the "backstop" policy.
" The DUP's Jeffrey Donaldson said in parliament: "There are alternative arrangements that can be put in place without the need for the backstop.
New Prime Minister Boris Johnson said this week that to reach a new withdrawal deal, the backstop would have to be struck out.
The backstop is something of an insurance policy against a return to border checks (a "hard border") between the Republic and Northern Ireland.
Many Brexiteers and the DUP are demanding binding guarantees that the backstop will not trap the United Kingdom in the EU's orbit indefinitely.
"We were and remain happy to apply the backstop only to Northern Ireland if they want to go back to that," he said.
An undrawn USD2 billion credit facility, available to July 13, is used to backstop GBP521 million of commercial paper and short-term loans.
The agencies bought mortgages on the secondary market and provided a vital backstop for banks by assuming the risks associated with home loans.
Not to mention, the government backstop for these plans – the Pension Benefit Guarantee Corporation (PBGC) – is itself predicted to go bust by 2025.
It is difficult to look at Hood's "Minoan Blue," (1973) for example, and not see a backstop of endless, blue, blue Texas skies.
Until then, the government should only be in a catastrophic backstop position, with the guarantee fee reduced to match its significantly reduced exposure.
Under the plan, Northern Ireland would have no choice but to enter the new backstop once the transition period ends in two years.
" My answer is always that "you need to let them fly on their own; by consistently being their backstop, they are learning nothing.
Germany wants a close partnership with Britain, the official said, adding that a longer transition period after Brexit could not replace the backstop.
Ottawa says it is prepared to financially backstop the planned expansion of the company's Trans Mountain pipeline, which has run into fierce opposition.
In other words, FEMA is left to serve as the backstop for self-insured communities (cities that do not insure their public buildings).
Schumer isn't reviving the border wall for DACA trade because Democrats "now know we have a backstop in the House," the source said.
But as a backstop, the authors say, EPA could create an economy-wide emissions trading system (none shall call it "cap and trade").
"The withdrawal agreement is not open for renegotiation and the backstop is not open for change," a European Union source told The Guardian.
EU officials believe the backstop is needed to preserve the integrity of the European single market and to preserve the Irish peace settlement.
"(The backstop) remains, but 2 sides commit to finding a different way of doing it within a time limit," she said on Twitter.
"The prime minister would never agree to a deal which could trap the UK in a backstop permanently," May's spokeswoman said on Friday.
That's why in the United States we have the FBI and other federal agencies to backstop local authorities on problems of broad significance.
But it's not reasonable for the commission to ignore the fact that the UK parliament three times has voted to reject the backstop.
The DUP has long rejected the backstop — an insurance policy against any hard border within Ireland — as any part of the Brexit process.
Braverman said the proposed Northern Ireland backstop is not what the British people voted for, and threatened to break up the United Kingdom.
For his part, Mr. Cavalcanti sees open-source solutions as a "backstop" for front-line workers who are rigging together personal protective gear.
May's lawmakers are angry about "backstop" plans to prevent physical checks after Brexit on goods crossing the border between Ireland and Northern Ireland.
The backstop would keep Britain, and particularly Northern Ireland, tied to many European Union rules, to avoid building physical barriers on the border.
"There are questions about how decisions are taken as to whether we go into the backstop, because that isn't an automatic," she said.
While the Fed said it would backstop qualified mortgages, which are protected by the government, it did not offer support for unqualified mortgages.
And the surprisingly rich history of the U.S. government's stepping in to backstop major companies and industries shows what forms they might take.
BREXIT: IRISH PM VARADKAR SAYS WILL OF COURSE LISTEN TO ALTERNATIVES TO BACKSTOP, SO FAR SUGGESTIONS JUST MANAGE BORDER, NOT OUTCOME WE WANT
Scholz had on Tuesday suggested the ESM become a common backstop as long as risks in national banks' balance sheets were reduced first.
The backstop denied Anze Kopitar's one-on-one try at 5:55, but Brown screened Vasilevskiy as Clifford put another shot on goal.
British MPs had rejected a Brexit deal reached by Johnson's predecessor, Theresa May, three times because of objections to the Irish "backstop" issue.
Current discussions between the EU and U.K. are centered on "technical talks" following proposals from Johnson's government aimed at replacing the Irish backstop.
With trillion-dollar proposals coming out of each political party, the last backstop for fiscal sanity might just be with the debt ceiling.
" The DUP's Jeffrey Donaldson said in parliament: "There are alternative arrangements that can be put in place without the need for the backstop.
Among the expanded tasks of the ESM, euro zone officials often mention becoming the financial backstop for the Single Resolution Fund for banks.
For evidence, he cites the Brady amendment, a version of Mrs May's Brexit deal minus the backstop, which MPs voted for in January.
BERLIN-BREXIT: EU'S BARNIER SAYS I SEE NO REASON FOR OPTIMISM THAT EU AND BRITAIN CAN FIND SOLUTION TO QUESTION OF IRISH BACKSTOP
Investment bank JPMorgan said it now saw a 50% chance of a withdrawal agreement being struck with a "modified/time-limited" Irish backstop.
Johnson said the proposed deal would eliminate the so-called backstop regarding the Northern Irish border, a major bone of contention during negotiations.
Then there are gaps in opinion over a fund to calm bond markets in a crisis and a backstop for the banking system.
The Commission can confirm that, just like the United Kingdom, the European Union does not wish to see the backstop enter into force.
However, the Clean Power Plan still represents an important "backstop" to keep America from reversing to its earlier, more carbon-intensive energy system.
The EU has said getting rid of the backstop is nonnegotiable unless the UK can come up with a legitimate and viable alternative.
We came together around an amendment from Sir Graham Brady – and this gave rise to the work on Alternative Arrangements to the backstop.
It will commit that, should the backstop come into force, the government will ensure that Great Britain will stay aligned with Northern Ireland.
He built a concrete-block backstop in a sunlit corner of the yard, and he hits the strike zone most of the time.
The European Union has said that there can be no renegotiation of the withdrawal agreement and no time limit to the Irish backstop.
The question now is just how much padding Mr. Cox can wrap the backstop in to make it palatable, let alone legally applicable.
Another important faction in the UK Parliament also hates the Irish backstop: the Democratic Unionist Party (DUP), a conservative party in Northern Ireland.
It's not that CAFE standards aren't worth fighting for as a backstop, but in my view, acceleration of EVs is the climate priority.
The backstop would only be implemented if the U.K. and EU can't strike a trade deal within a 21-month transition period following the U.K.'s departure from the EU. But Pro-Brexit lawmakers don't like the backstop as they believe it would keep the country too closely linked to the EU's trading rules and unable to strike trade deals with other nations.
Their aim was to create a legally binding unilateral exit mechanism for Britain from the "Irish backstop", an insurance policy designed to avoid a hard border in Ireland by keeping the United Kingdom in a customs union with the EU. Until last night the European Union was refusing to give ground, arguing that to do so would undermine the purpose of the backstop.
He had junked his vow not even to talk to fellow Europeans until they dropped the Irish backstop, an insurance policy to avert a hard border in Ireland by keeping the entire United Kingdom in a customs union with the EU. Instead, after meeting Germany's Angela Merkel and France's Emmanuel Macron, he offered to propose an alternative to the backstop within 30 days.
The previous prime minister, Theresa May, approved a Withdrawal Agreement with the backstop in it, but the British parliament struck it down three times.
The idea of a backstop plan that would avoid a hard border in Ireland in all circumstances was accepted by both sides last December.
Asked repeatedly what could replace the backstop, Barclay said simply that there were a number of options around time limits, exit clauses and technology.
Brexiteers and May's conservative allies in Northern Ireland oppose the backstop, as they feel it potentially traps the UK within the EU after Brexit.
But that has not convinced some U.K. lawmakers, who believe that the chance of having the backstop in place will be legally possible indefinitely.
If they do, it can be challenged through arbitration and if they are found to be in breach the UK can suspend the backstop.
The EU added that if the Irish backstop policy needed to be triggered, it would only apply "temporarily" until there's an agreement in place.
Lampert could use his own cash to backstop the $1.8 billion credit bid, but it remains unclear whether he is willing to do so.
Lampert, who has since resigned the CEO post, has been, so far, unwilling to backstop the bid with his own cash, people familiar said.
Such a backstop would still shield the taxpayer as costs could be recouped through ex post levies on the financial industry, the ECB said.
Meanwhile, the Irish prime minister has said that the EU could give some further written reassurances on the Irish backstop ahead of the vote.
" The details: Barnier said, "Despite intense efforts, some key issues are still open, including the backstop for IE/NI to avoid a hard border.
The backstop is an insurance policy designed to prevent the return of border checks on the frontier between EU-member Ireland and Northern Ireland.
The DUP has threatened to pull its support from the minority government if the backstop means the province is treated differently from mainland Britain.
The EU has always insisted it won't reopen the deal, though it may be willing to attach some (legally binding) assurances about the backstop.
This is a retreat back to the proposal of an Northern Ireland only backstop previously rejected by all sides in the House of Commons.
Almost all of this is settled, except for the hardest part: a "backstop" designed to avert controls at the Irish border under any circumstances.
He said the Irish backstop was a "con trick" and added that farmers and businesses should be totally relaxed about a no-deal Brexit.
These capabilities, known as redundancies, are extremely important for fully driverless vehicles as they provide an important backstop in the event of a failure.
German Chancellor Angela Merkel challenged Britain to come up with alternatives to the Irish border backstop within 30 days after meeting Johnson on Wednesday.
On Monday, British Prime Minister Boris Johnson sent a letter to the bloc demanding that the EU drop the backstop from the divorce deal.
"Without the backstop of a restructuring authority, our biggest concern is that a decade of recession could become another lost decade," Mr. Weiss said.
The backstop would keep the United Kingdom in a customs union with the EU and align Northern Ireland with most EU single-market rules.
Mrs May's critics want her either to junk the backstop or to amend it to give Britain the power to leave when it chooses.
But it would take many months to negotiate, it would mean accepting free movement of people and it too would require an Irish backstop.
Many Brexiteers and the DUP fear the backstop will trap the United Kingdom in the EU's orbit, and have sought guarantees it will not.
The RSC proposal also would not create a federal backstop in the event a state decides not to set up a guaranteed coverage pool.
In the absence of a single European fiscal authority, it also falls to the ECB to act as a backstop for the currency bloc.
Her spokeswoman said on Thursday London would present further proposals, which she described as "regulatory aspects", for the backstop border arrangement "in due course".
Smets said the banking union was still to be complete with a backstop for the single resolution fund and a common deposit insurance system.
The EU has made clear that it will not reopen the withdrawal agreement, which includes the backstop to avert a hard border in Ireland.
It offered a powerful mechanism to backstop sovereign debt markets and deal with sudden stops in capital flows at a time of acute crisis.
EU leaders are categorical that the withdrawal agreement, which includes the unpopular Irish backstop to avert a hard border in Ireland, cannot be changed.
"He wants a deal without a backstop, which he himself knows doesn't work," said an EU source who has been involved in Brexit discussions.
With the backstop that the US represents now removed, ASEAN members face a different calculus when making decisions about how far to push China.
Earlier, Dodds said his party wanted to agree a Brexit deal but the issue of the so-called Irish backstop remained the key problem.
Her spokesman said ministers had discussed one possible way out of the stand-off - "a mechanism to clearly define how that backstop will end".
Dublin is concerned at London's rejection of a "backstop" arrangement set out as a separate protocol in the EU's draft of the withdrawal treaty.
Many Conservative rebels and the DUP have objected to this so-called Irish backstop, saying it risks binding Britain to the EU for years.
TRIPRA is the latest reauthorization of the Terrorism Risk Insurance Act of 2002 (TRIA) and extends the federal backstop until the end of 2020.
Concerns over the backstop were largely to blame for May's Brexit deal being thrown out in the first "meaningful vote" by Parliament in January.
The backstop is an insurance policy designed to prevent the return of a hard border between EU-member Ireland and British province Northern Ireland.
Many were unhappy with the "Irish backstop," insurance to prevent return of hard border controls between EU member Ireland and British-ruled Northern Ireland.
EU'S JUNCKER AND UK PM MAY'S TALKS COVERED WHICH GUARANTEES COULD BE GIVEN WITH REGARD TO BACKSTOP THAT UNDERLINE ITS TEMPORARY NATURE- JOINT STATEMENT
"Yesterday discussion was focusing on the appropriate legal assurances for both sides on the backstop," European Commission spokesman Margaritis Schinas told a news conference.
"We want a good deal with EU partners and friends but that must involve the abolition of the undemocratic backstop," Raab told the BBC.
The Irish government, which has said it has concerns about May's white paper, on Friday said a backstop was essential, but could be renegotiated.
But the party's leader said she believed a compromise could be reached and another party member present said a time-limited backstop was discussed.
Mr. Johnson has promised to negotiate a new deal without the backstop arrangement, which he says would leave Britain in an "absolutely unacceptable" situation.
The estate tax is supposed to provide a backstop by limiting the amount of wealth that can pass to the next generation tax free.
Beyond more words of reassurance about the arrangement's temporary nature—which it should ladle on liberally—the EU cannot do much about the backstop.
Above all, Brussels will not move on one of the key demands of Brexiteers, that the Northern Ireland backstop be removed from the agreement.
Sen. Bob Corker said Tuesday a "backstop" to curb future budget deficits could help to win his crucial vote for the GOP tax bill.
The concessions include persuading Irish Prime Minister Leo Varadkar to agree to an end date to the so-called Irish backstop, the report added.
On Sunday, the Irish government made clear it would oppose any attempt to water down the Northern Ireland backstop, the key demand of Brexiteers.
A lawmaker from the DUP said the border "backstop" remained the fundamental problem with her Brexit divorce deal that she must focus on changing.
Talks have stalled over Prime Minister Boris Johnson's insistence that the EU must scrap the controversial Northern Ireland backstop element of the existing deal.
"Our legal system remains an important backstop against the abuses of power we've witnessed over the course of the past two months," she said.
The motion put forward by the government said the joint instrument "reduces the risk" that the United Kingdom would be trapped in the backstop.
Theresa May and a team of UK negotiators were the architects of the backstop, something the EU has been at pains to point out.
The EU has said neither side wants the backstop to take effect, but it has to be part of the deal just in case.
The solution is there and it's in the withdrawal agreement and the backstop, fundamentally what's required is regulatory alignment because technology doesn't do it.
Coveney was later quoted as saying a "middle-ground position" on the backstop arrangement could be found, but added it must be legally watertight.
The backstop is an insurance policy designed to avoid customs checks between EU-member Ireland and the British province of Northern Ireland after Brexit.
New York had runners at second and third in the bottom of the inning when Stroman threw a 1-1 pitch to the backstop.
"The backstop is an insurance to avoid a hard border on the island of Ireland unless and until an alternative is found," he tweeted.
DUP leader Foster said in a letter to May that any backstop could not leave the province aligned to specific sectoral EU market regulations.
Because of that, he believes on a larger scale, billionaires like him ought to be paying for a social backstop like universal basic income.
"If you have a backstop for high-cost individuals — a reinsurance package — it allows pricing to be done at a more normal level," Sen.
Critically, however, this would not guarantee Britain staying out of the so-called Irish backstop, a device to avoid a hard border with Ireland.
Dutch Prime Minister Mark Rutte also insisted the Irish backstop had to remain in the withdrawal agreement and could not be a temporary arrangement.
"Monetary policy should be considered more as a backstop rather than as a spearhead of a strategy to induce higher sustainable growth," Carstens said.
While his proposed amendment is vague, pro-Brexit Conservatives favor a time limit to the backstop plan or a unilateral right to leave it.
"Our agreement provides meaningful clarifications and legal guarantees to the Withdrawal Agreement and backstop," Juncker told a midnight news conference with May in Strasbourg.
Nor can he agree to the EU's proposed backstop for the region without losing the support of the hardline Brexiteer faction in his party.
New Prime Minister Boris Johnson has demanded that the backstop be removed, arguing that it would trap the U.K. inside the EU's orbit indefinitely.
Dellin Betances, who had seemed to straighten out his control problems, walked the first two hitters — including two pitches that sailed to the backstop.
Mr. Kreidler and several other commissioners urged Congress to establish a backstop for insurers under which the government would help pay the largest claims.
More insurers would participate in the market if they knew the government would provide such a backstop, known as reinsurance, the state officials said.
So Mr. Johnson tried to find another solution, namely killing off the backstop but adopting different versions of some of its most contentious features.
These exist primarily in case a recount is requested, but they also provide a backstop for any technical reporting issues, like those we've seen.
That, as my colleague German Lopez explained, will serve as the backstop for issues like the ones that marred timely reporting of the results.
BRUSSELS (Reuters) - The European Union wants to use the so-called Northern Irish backstop only if necessary, German Chancellor Angela Merkel said on Friday.
He said his party had been very disappointed by the legal opinion put forward by the British Attorney General this week on the backstop.
The EU executive also said it was willing to look into any proposals that will meet all the objectives of a backstop for Ireland.
Officials told Reuters last week the ECB would pledge to backstop markets in tandem with the Bank of England if Britons vote to leave.
Most analysts think only modest changes are achievable, and the bloc will refuse to scrap Mr. Johnson's bugbear, the so-called Irish backstop plan.
The U.K. proposed alternative arrangements to the so-called Irish "backstop" several weeks ago and these are the focal point of last-minute talks.
Corker, a prominent deficit hawk, said he wants his fellow Republicans to add a backstop measure to prevent tax cuts from ballooning the deficit.
James Lankford (R-Okla.) on Wednesday also said he could back the tax bill if a backstop is included in case revenues fall short.
The measures would include a government guarantee for the bank's debt to support liquidity and a backstop on a capital injection, the source said.
The minute details of alternatives to the "backstop", the ebbs and flows of cross-party and intra-party alliances, and parliamentary procedures dominate discussions.
President Obama, in an article published in The Journal of the American Medical Association this summer, suggested major policy changes to backstop the markets.
The federal law, however, doesn't apply to "church plans" — meaning they don't have an insurance backstop in the event their pension goes belly up.
Both Mr. Tusk and Mr. Varadkar on Wednesday reiterated their support for the backstop and their opposition to reopening the legally binding withdrawal agreement.
The backstop has become one of the main points of contention ahead of Britain's planned departure from the EU next month after 45 years.
But Parliament mostly punted last time: Instead of taking control, it sent May back to Brussels on this doomed mission to renegotiate the backstop.
NO-DEAL BREXIT Johnson promised in his letter that the British government and parliament would swiftly endorse a Brexit deal without a backstop in it.
The backstop in the withdrawal agreement is to keep the whole United Kingdom in a customs union with the EU until an alternative is found.
A clause in the U.K's withdrawal agreement, the backstop ensures an open border between the E.U's Republic of Ireland and the U.K.'s Northern Ireland.
The motion put forward by the government said that the joint instrument "reduces the risk" that the United Kingdom would be trapped in the backstop.
The problems with the backstop run much deeper than the simple political reality that it has three times been rejected by the House of Commons.
The Fed is also currently buying $60 billion in Treasury bills each month, to expand its balance sheet, as a backstop for the repo market.
Corporate tax should be a backstop, to ensure that investors who do not pay taxes themselves, such as foreigners and universities, still make some contribution.
But she then set four new conditions for the missing 5%, a Northern Irish "backstop" to avoid a hard border, that Brussels cannot easily accept.
Start with the incomplete banking union, which still lacks a common deposit-insurance scheme (thanks to German objections), and a backstop for its resolution fund.
In a letter to European Council President Donald Tusk late Monday, Johnson said the backstop was "anti-democratic" and called for it to be scrapped.
The Irish backstop — the most controversial part of the existing Brexit deal — is to do with maintaining a seamless border on the island of Ireland.
The EU may after all agree to a backstop that applies to the whole UK. But there is little time left to strike a deal.
In his advice to the prime minister, the attorney-general stated that the Northern Ireland "backstop" would "endure indefinitely" if no new arrangement was agreed.
Nigel Dodds, the deputy leader, said that the party was vindicated in its hostility to the backstop, which he called "totally unacceptable and economically mad".
Without a deal on the backstop there can be no withdrawal treaty, and Britain will tumble off the Brexit cliff edge on March 29th 2019.
Even as Westminster was agonising over Mr Grieve's amendment, Brussels was debating something else altogether: the "backstop" solution to avoid a hard border in Ireland.
EU leaders confirmed this week that the backstop was not intended to be used and that, if it were, it would take effect only temporarily.
The first is that they are unwilling to make legal changes to the carefully drafted text of the Brexit withdrawal treaty, which includes the backstop.
The backstop was essentially a provision that no hard border would be built on the island of Ireland, once U.K. constituent Northern Ireland, left Europe.
"Alternative arrangements could replace the backstop in the future... but thus far satisfactory options have yet to be identified and demonstrated," the Irish government said.
By the same token, the more they say the backstop is intolerable, the more a suspicious EU will see it as an essential insurance policy.
Turning to the European reform agenda, Scholz said the euro zone's bailout scheme (ESM) could become the backstop for the bloc's bank winding down fund.
It added that within days of this, the EU will reject Johnson's call to remove the controversial Irish backstop arrangement from any Brexit withdrawal deal.
Backstop: A backup solution that would avoid a hard border between Northern Ireland and Ireland until the EU's future relationship with the U.K. is resolved.
But the Irish border question remains unresolved; the "backstop" solution that keeps Northern Ireland in the EU customs union is in the document, for now.
The UK also included a unilateral statement that said it could seek to get out of the backstop if the EU operated in bad faith.
The backstop ends when both sides agree to a permanent arrangement that keeps the border open and the UK can't pull out of it unilaterally.
Meanwhile, The Sunday Times reported that plans to seek a bilateral treaty with the Irish government as a way to remove the contentious backstop arrangement.
The European Banking Authority (EBA) published an opinion that endorsed EU plans for a "prudential backstop" to prevent under provisioning from damaging a bank's solvency.
The backstop plan is essentially a legally-binding insurance policy to ensure there is no hard border between Northern Ireland and the Republic of Ireland.
Calabria said he planned to advocate for a guarantee limited to Fannie and Freddie mortgage-backed securities, rather than a government backstop for the companies.
The EU refuses their demands to put an expiry date on the backstop or commit to replacing it by any specific point in the future.
It was a choppy day for sterling as the UK government proposed a one-year Brexit backstop plan for the Irish border to EU negotiators.
Britain, due to exit the bloc on March 29, is attempting to amend the deal to provide assurances that the backstop would not be indefinite.
LONDON (Reuters) - British Prime Minister Theresa May is considering three possible alternative arrangements to the so-called Irish backstop, her spokesman told reporters on Wednesday.
New British Prime Minister Boris Johnson has called for Ireland to scrap the border "backstop" clause in the deal negotiated under his predecessor Theresa May.
"That's been known for sometime that having a backstop that we know is real is an important step for us along the way," he added.
They don't need to keep signaling they are going to cut, they just need to keep the perception the Fed backstop is still in place.
"Unless we junk this backstop, we will find that Brussels has got us exactly where they want us – a satellite state," Johnson told the crowd.
The issue that the EU could have with this proposal is that the U.K. didn't specify until when this "backstop solution" would be in place.
The RFS is a critical backstop that allows for investment here at home but we envision a future where we grow well beyond that base.
German Chancellor Angela Merkel will this afternoon reject Boris Johnson's request for support in his attempts to remove the Irish backstop from the Brexit deal.
That last provision amounts to something of a backstop for the Russia investigation if Trump makes a Nixonian push to shutter the Justice Department's inquiry.
The removal of a significant backstop bid comes at a time when French companies are expected to pursue funding aggressively ahead of the presidential election.
More recently, Rudy Giuliani, who was leading national polls but not polls in Iowa or New Hampshire, tried to rely on Florida as a backstop.
Regulators in Montana and South Dakota, the two other states Keystone XL would cross, have already approved the pipeline, making Nebraska the last major backstop.

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