Covered Bond Opinion

“I’m not going to let that stand,” said Bank of England governor Mark Carney, calmly.

The reaction to Thursday’s ECB announcement brings to mind the phrase 'chasing the dragon'.

The German bank is building on momentum in European DCM with an expansion of its corporate finance business, writes David Rothnie.

Regulation is never going to have the beauty and brevity of a haiku or a nice tweet, but simplicity is still a virtue and complexity a red flag. The Basel Committee’s Operational Risk rules are mind-bendingly complicated, duplicate other regulations and may actively harm prudential supervision. They are the wrong tool for the job.

A speedily implemented capital markets union (CMU) should be pitched to European parliamentarians not just as a win for the European economy, but for European regulatory competence and control.

It is no secret that Indian banks are in dire need of capital to fully comply with Basel III requirements so it makes sense that IDBI Bank has revived plans for an offshore additional tier one (AT1). But with challenges looming, IDBI — and other banks — need to act faster to get their fundraising together.

No part of banking regulation has attracted more controversy than the bonus cap. Now, with the latest round of miserable bank results, pressure on profitability and capital ratios in question, it looks as though it’s doing exactly what was expected.

Barclays' new chief executive is asking shareholders to have a lot of faith. Selling off a profitable part of the business to double down on a less profitable line is a bold call. The market can't be this bad forever, but don't expect the dividend back any time soon.

The banking industry has progressed from the sort of soft, will-they-won’t-they mediocre revenue performance which characterised 2014 and 2015 to hardcore, unambiguous bottom line losses.

Banks are doing whatever they can to attract some tech company glamour. JP Morgan's CFO Marianne Lake claimed the bank was a tech firm at its investor day on Tuesday. Lloyd Blankfein has made the same claim for Goldman Sachs. Now every self-respecting bulge bracket firm has an in-house incubator — even Commerzbank has a couple. Banks are desperate to inject some Silicon Valley sparkle.