Top Section/Ad
Top Section/Ad
Most recent
European and other regulators are working on reforms to make covered bond funding more efficient
Changes to ECB collateral eligibility requirement could lead to more blockchain-based covered bonds, Moody's suggests
Wells Fargo, JP Morgan and Citi are among the top US bank buyers of CLOs
Former US undersecretary for international trade expects more stockpiling
More articles/Ad
More articles/Ad
More articles
-
In the last RMB round-up of 2015, HSBC became the first foreign bank to issue RMB-denominated CDs to corporates in China, Hungary plans RMB bonds in 2016 and Russian bank VTB saw a big boost to its RMB business in 2015. Plus, a recap of GlobalRMB’s top stories this week. -
The European Banking Authority (EBA) said European banks were short €600bn of stable funding last year, which they would need to meet the draft Basel Net Stable Funding Requirement.
-
Industry participants lobbying the Financial Conduct Authority on its plans for implementing the Markets in Financial Instruments Directive II (MiFID II) in the UK are planning on focusing their efforts on the areas of MiFID where the regulator has national discretion.
-
More cross-border RMB activities can be expected as the People’s Bank of China (PBoC) has approved Rmb50bn ($774m) of RQFII quota to Thailand, and agreed with Russia to deepen bilateral financial co-operations, including facilitating the Russian government to issue Panda bond in China.
-
The China Foreign Exchange Trade System (CFETS) published details of an exchange rate index for the renminbi for the first time on December 11. The index is based on a basket of 13 currencies, including the dollar, euro and yen.
-
The US Federal Open Market Committee (FOMC) raised federal funds rate for the first time since the financial crisis, opting for a 25bp increase. The move had been widely expected, but analysts are expecting a degree of volatility, at least in the offshore RMB (CNH) markets.
