[10] Since the refinancing rate in the TLTRO programme is linked to the policy rate for the main refinancing operations, the attractiveness of TLTRO funding conditions also adjusts in response to these shifts in market expectations. [11] For example, in Zlobins, A.
It neglects the fundamental nature of mergers and acquisitions as dynamic events that may involve significant changes in the business focus of the consolidating institutions. That is, banks get involved in mergers and acquisitions because they want to do something different, not simply behave like a larger bank.