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  • ECB relaxes timeline for NPL flow, in line with CRR

    ECB relaxes timeline for NPL flow, in line with CRR

    The European Central Bank is giving banks more time to provision for recently classified non-performing exposures, bringing its expectations into line with the EU’s new Capital Requirements Regulation.

  • Volcker rule undergoes slimming regime

    Volcker rule undergoes slimming regime

    The Volcker rule is set to be tweaked, simplified and watered down, changing the section of the US’s Dodd-Frank regulations stopping banks from engaging in proprietary trading. Only banks with more than $20bn of trading assets and liabilities will face the fullest compliance programme, while rules over what is identified as prop trading have been weakened.

  • ECB clears way for vote on Carige’s €900m rescue plan

    ECB clears way for vote on Carige’s €900m rescue plan

    The European Central Bank has given Banca Carige the all-clear to try and carry out its latest plans to turn itself around. The ailing Italian lender said on Monday that its next step will be to ask its shareholders for their approval at a meeting next month.

  • Polish mortgage law has ‘significant adverse effects’

    Polish mortgage law has ‘significant adverse effects’

    A draft Polish law, requiring the written consent of property owners to transfer mortgages, would have “significant adverse effects on Polish banks’ funding” said the European Central Bank, with respect to the covered bond and securitization markets. However, a legal expert said there would be no direct impact on covered bonds.

  • Bank Pekao has 2020 vision for debut Eurobond

    Bank Pekao has 2020 vision for debut Eurobond

    Poland's Bank Pekao is planning to tap the Eurobond market for the first time in 2020, in order to set down a senior benchmark for the subsequent issuance of capital ratio raising bonds, according to Pawel Rzezniczak, head of investor relations and corporate development at the bank.

  • Risk costs snag Commerz as outlook worsens

    Risk costs snag Commerz as outlook worsens

    Michael Reuther, head of Commerzbank’s corporate clients division, expects more firms to enter the bank’s "intensive care department" as economic pressures weigh on European corporates. And in his unit the cost of risk more than tripled in the second quarter, helping to shrink operating profits.

  • HSBC spins around on disco bonds

    HSBC spins around on disco bonds

    HSBC will grandfather its discounted perpetual (disco) bonds after all. Its decision last year to declare the securities to be fully eligible as tier two capital angered some investors: it has now backtracked after the introduction of new capital rules, although they will lose eligibility at a later date.

  • Regulatory changes cultivate conditions for Korean covereds

    Regulatory changes cultivate conditions for Korean covereds

    Korea’s Financial Conduct Authority has supported the covered bond market this year with a series of new measures that aim to stimulate demand and supply. Its actions should promote local currency issuance, building on this year’s strong start.

  • Créd Ag readies to ‘switch’ off next year after capital gain

    Créd Ag readies to ‘switch’ off next year after capital gain

    Crédit Agricole said it could start to unwind the ‘switch 2’ capital guarantee provided by its regional banking network in 2020 after it revealed a small boost to its common equity tier one (CET1) ratio in its second quarter results on Friday. Meanwhile, capital markets and investment banking operations did not perform well over the quarter.

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