Top Section/Ad
Top Section/Ad
Most recent
Financial institutions specialist heads to German bank
New system starts with nearly 100% coverage of trading data
Europe’s regulator proposes preserving capital requirements while trimming the complexity that hampers cross-border M&A
Banks face an uncertain future as finance goes digital
More articles/Ad
More articles/Ad
More articles
-
Implementation of the liquidity coverage ratio (LCR) in Europe is set to be delayed by 10 months according to a leak last week of a draft European Commission document. The treatment of ABS in the LCR, seen by the industry as unfavourable compared to covered bonds, was not changed in the leaked draft, but the delay could provide time to hammer out the details of more equitable regulatory treatment, said bankers on Monday. -
Royal Bank of Scotland caught the market off guard on Friday by releasing early preliminary first half results that showed progress in its turnaround programme, but its recently gutted investment bank saw revenues fall and chief executive Ross McEwan warned of “significant” drags on capital generation to come.
-
US money market fund providers were faced with arguably the worst of all worlds this week when the Securities and Exchange Commission opted to impose not only redemption gates and liquidity fees — largely unopposed by the industry — but also floating net asset values. But for eurozone banks — many of which used to rely on US money funds to finance their US operations — the changes are likely to be inconsequential, after new evidence suggested their reliance on these investors has fallen.
-
Credit Suisse announced plans to wind down its commodities trading business on Tuesday, using the resources to support the bank’s more profitable units. The decision follows CS reporting a hefty pre-tax loss, caused by a large fine from US regulators.
-
UK bondholders subject to bail-in could receive “certificates of entitlement” giving them an interest in shares of the resolved bank, under Bank of England plans.
-
Société Générale has moved Jonathan Weinberger to London to fill the capital structuring role left by Antoine Loudenot.
