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Latest News
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China lowers bar for insurers to buy banks’ perps
The China Banking and Insurance Regulatory Commission (CBIRC) has scrapped a number of restrictions hampering the country's insurers from investing in perpetual bonds sold by smaller banks.
28 May 2020 -
Citi sustainability: grey heads and millennials
Citigroup’s new architecture to make its banking, capital markets and advisory (BCMA) group a fitter competitor in sustainability and ESG issues emphasises two channels of communication, according to Manuel Falcó, co-head of BCMA, through the most senior rainmakers and a cadre of younger enthusiasts.
28 May 2020 -
Lenders make less money despite Covid-19 loan boom
Some of the largest investment banks made 12% less revenue from lending in the first quarter, despite balance sheet expansion as they supported companies, according to research from analytics firm CRISIL Coalition.
28 May 2020 -
Crisis Talk — with Mediobanca’s funding heads, Carlo Masini and Paolo Labbozzetta
Mediobanca frontloaded regulatory issuance and completed its funding plan before the coronavirus crisis struck. While its corporate loan book has increased, deposit inflows have also improved which means the bank is in no hurry to return to the public market according to head of group treasury, Carlo Masini, and head of funding, Paolo Labbozzetta.
27 May 2020 -
Deutsche Bank: green laggard… or leader?
Deutsche Bank has become the latest big bank to announce a new sustainable finance target, with an eye-catching commitment to €200bn of financing between now and 2025 — but its policy highlights the difficulty for investors of comparing banks and deciding which are greener.
26 May 2020 -
EBA warns of bad loan build-up amid coronavirus
The European Banking Authority warned this week that lenders could struggle with asset quality problems for years as a result of Covid-19, publishing the findings in its first sensitivity analysis of the EU banking sector.
26 May 2020 -
BoE updates IFRS 9 guidance as UK extends payment holidays
The Bank of England has reminded UK lenders to apply ‘sound risk management practices’ in the capital treatment of their mortgages amid Covid-19, after the Financial Conduct Authority extended its payment holiday scheme by another three months.
22 May 2020 -
ECB suggests changes to Commission’s ‘quick fix’ for bank capital rules
The European Central Bank said this week that policymakers should consider offering banks further relief on their leverage ratios during the coronavirus pandemic, building on legislative proposals put forward by the European Commission last month.
21 May 2020 -
Rabo confirms appetite for ECB funding, IFRS 9 relief
Rabobank said on Wednesday that it would take advantage of various EU schemes of funding and capital support, as it provided the market with an ad hoc update on its financial position during the coronavirus pandemic.
20 May 2020 -
Banks going green: if you’re going to lead, lead
Banks want to position themselves as ahead of the curve on sustainability. They are among the most sophisticated, well resourced, IT-savvy organisations in the world. Why can't they work out the carbon footprints of their portfolios?
19 May 2020
