LatAm Bonds

Alliance steering committee reaches decision

Adair Turner, chairman of the UK’s Financial Services Authority, this week called for host supervisors in the European Union to have greater power over the activities of branches of foreign banks if their home supervisors do not take action over prudential weaknesses.

Société de Financement de l’Economie Française (SFEF), the French agency set up to support the country’s financial sector, announced this week that its funding activity has come to an end now that French banks and credit institutions are in a position to fund themselves directly.