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Latest News
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EU Court backs banks suing Single Resolution Board over fund contributions
The General Court of the European Union has annulled three decisions of the Single Resolution Board on contributions banks have to make to the EU Resolution Fund. It said the Board had an "inherently opaque" process for calculating these fees.
12.00 PM -
AIB clears path for euro reopening with debut green bond
AIB Group's new euro tier two capital issue, its first green bond, was comfortably subscribed on Wednesday, lifting confidence in the bank debt market after a difficult start to the week.
23 Sep 2020 -
CDB Leasing sells first dollar tier two bond
China Development Bank Financial Leasing Co had to tackle questions from investors and weaker market conditions to sell the first dollar tier two bond from a Mainland leasing company.
23 Sep 2020 -
Covid-19 could hand more power to the ECB
The European Central Bank would stand to gain more autonomy as a result of new proposals on how to improve bank capital rules.
22 Sep 2020 -
Caution prevails after ‘perfect storm’ hits bank credit
Financial institutions are waiting to see whether investors will step back into the credit market before attempting to bring new deals forward this week.
22 Sep 2020 -
FAB launches new AT1 months after call
First Abu Dhabi Bank, the highest rated lender in the Middle East, has mandated bookrunners to lead a perpetual non-call six year additional tier one (AT1) capital issue.
21 Sep 2020 -
EBA questions logic of national countercyclical buffers
José Manuel Campa, chairperson of the European Banking Authority, suggested on Monday that countercyclical capital buffers could be more effective if they were set in a harmonious way across jurisdictions.
21 Sep 2020 -
Julius Baer pulls AT1 after closing in on new record
Julius Baer was forced to postpone a new transaction amid 'worsening market conditions' on Monday, after coming close to setting a new record for the lowest ever additional tier one (AT1) coupon in dollars from a European bank.
21 Sep 2020 -
All that glitters is green: FIG issuers hail ESG pricing power
Banks and insurance companies were falling over one another to issue green bonds this week, with deal arrangers seeing ESG labels as near infallible ways of bringing pricing through fair value, write Tyler Davies and David Freitas.
17 Sep 2020 -
Swedish supervisor extends risk flooring to preserve bank capital
Sweden's financial supervisor has extended its application of a risk weight floor on domestic mortgages, a measure that will help to protect senior debt by forcing banks to run with higher capital positions.
17 Sep 2020 -
ECB gives green light to lev ratio relief
The European Central Bank said on Thursday that the economy was in a poor enough state to justify letting banks take advantage of a recent agreement on leverage ratio relief.
17 Sep 2020 -
HCB readies T2 deal with unusual maturity structure
Hamburg Commercial Bank is getting ready to issue a new tier two capital bond with an unusual five year tenor, as part of its efforts to reconnect with investors following its privatisation in 2018.
17 Sep 2020 -
A tricky balance: ICBC navigates choppy markets for $2.9bn AT1
Industrial and Commercial Bank of China raised a smaller than planned $2.9bn from its additional tier one outing, buffeted by a surge in supply this week and a softer market backdrop. Alice Huang reports.
17 Sep 2020 -
Fitch downgrades ABN and Rabo amid RWA inflation
Fitch cut the long-term issuer default ratings (IDRs) of ABN Amro and Rabobank this week, with a rise in risk-weighted assets having helped to push down the size of the banks’ subordinated bond buffers.
16 Sep 2020 -
Bangkok Bank raises $750m from maiden AT1
Bangkok Bank sold its first Basel III-compliant additional tier one dollar bond on Tuesday, making it a rare bank capital offering from Thailand.
16 Sep 2020
