Regulation - All articles
The Agence France Trésor (AFT) has suspended Morgan Stanley's primary dealership in French government bonds, making it the first bank to suffer such a proscription.
The coronavirus crisis has proven that central banks should have financial stability mandates encompassing both macro and micro-prudential policy goals, according to a new paper from the Bank for International Settlements.
The European Commission’s proposed amendment to the Liquidity Coverage Ratio Delegated Act suggests covered bonds, such as those issued by NordLB Luxembourg and others, could be excluded which would threaten to extinguish bank demand for such bonds. However, it seems likely that a solution that references the covered bond directive will be found.
The week in review: China extends AM rule deadline, MoF to penalise Luckin, Ant faces possible antitrust probe ahead of listing
In this round-up, Chinese financial institutions are given another year to comply with new asset management rules due to the Covid-19 pandemic, Luckin Coffee will be punished by the Ministry of Finance for inflating its sales figures, and Ant Group faces a potential antitrust probe that could derail its upcoming jumbo IPO.