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Latest News
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SRB proposes to be ‘flexible’ on MREL, regulatory reporting
The Single Resolution Board has said that it will offer banks some flexibility around their regulatory reporting deadlines, easing the operational strain on the sector during the coronavirus pandemic. The supervisor may also ‘adapt’ transition periods and interim targets relating to the minimum requirements for own funds and eligible liabilities (MREL).
12.00 PM -
OSFI releases Canadian covered bond liquidity bottleneck
A leading covered bond investor has reacted positively to a series of measures announced by Canada’s Office of the Superintendent of Financial Institutions’ (OSFI) which have effectively provided stable access to emergency funding, including a temporary increase in the amount of covered bonds the country's banks can issue. The move comes after a heavy spell of supply that had sparked concerns that Canadian banks were struggling for cash.
31 Mar 2020 -
ECB dividend guidance forces reassessment of AT1 coupon risk
Market participants are debating whether the risks to additional tier one coupons have risen or fallen after the European Central Bank urged banks not to pay equity dividends for at least six months.
30 Mar 2020 -
Supervisors delay Basel IV amid coronavirus chaos
Banks will have an extra year to comply with the latest set of bank capital rules, with the Basel Committee telling the industry on Friday to focus on responding to the coronavirus pandemic instead.
27 Mar 2020 -
Corona crisis triggers global retracement on bank accounting standards
Market participants are already questioning the legitimacy of new ‘expected loss’ accounting rules, with the eurozone, the UK and the US having all now softened the application of their standards for banks during the coronavirus crisis.
27 Mar 2020 -
New bond trading methods emerge from pall of crisis
Unusual or less traditional ways of trading bonds — via electronic platforms and exchange-traded funds — look set to come out well from the recent market turmoil.
27 Mar 2020 -
Corona bonds: an idea that cannot be contained
‘Corona bonds’ have been talked up so much that the EU risks underwhelming the market by failing to act. It has become a question of political solidarity within the region, not simply one of debt management.
26 Mar 2020 -
ABN Amro suffers $200m loss as another strat bites the dust
Another derivatives strategy has fallen foul of volatile trading conditions, as ABN Amro on Thursday declared a $200m net loss as a result of the blow-out of a client’s positions.
26 Mar 2020 -
Eurogroup shelves ‘corona bonds’ in favour of ESM credit lines
The Eurogroup made no progress towards creating a common EU debt instrument on Tuesday night, but member states will be able to fund their responses to the coronavirus crisis through a new credit line with the European Stability Mechanism.
25 Mar 2020 -
World looks to German crisis response ideas
The UK government’s offer on Friday to pay 80% of the wages of furloughed workers came in the nick of time to save thousands of jobs in manufacturing and services. But few of those affected realised they were benefiting from a German idea. The move highlights how the coronavirus crisis is causing a rapid dissemination of techniques around the world.
24 Mar 2020
