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Despite a tepid response in a 2024 consultation, there are signs EU authorities are laying the groundwork
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
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The Basel Committee on Banking Supervision is scheduled to discuss at a meeting next week “some calibration points and technical calculations” to proposed liquidity regulations for banks without changing the fundamentals of the measure, according to Rene van Wyk, a member of the committee from South Africa.
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A group of investors are planning to file a suit against the Royal Bank of Scotland, claiming the prospectus for a rights issue in 2008, ahead of a government bailout, was misleading.
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Mortgage approvals in the U.K. plunged 21% in February from the preceding months with the end of the stamp duty for first-time buyers, according to e.surv Chartered Surveyors.
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Barclays stated in its annual report that it is in talks with global regulators about a “potential resolution” of possible enforcement proceedings for alleged manipulation of the London Interbank Offered Rate.
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Senior secured ratings of corporate property bonds issued by real estate investment trusts or property investment companies in Europe, the Middle East and Africa, could rise a single notch above their senior unsecured ratings because of their “protective features,” according to Fitch Ratings.
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Deutsche Bank is said to have borrowed between EUR5 billion ($6.55 billion) and EUR10 billion ($13.1 billion) in the latest round of the European Central Bank’s Long-Term Refinancing Operation, after its ceo, Josef Ackermann, had touted that passing up the first ECB offer in December made it attractive with many of its clients. .
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Wells Fargo is said to be preparing to offer at least $1 billion in commercial mortgage-backed securities next week, closely following a $1.1 billion CMBS from Morgan Stanley this week.
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Rulings by German regional courts that invalidate administration fees charged to set up a loan could have a negative impact on consumer asset-backed securities, according to Fitch Ratings.
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The British Bankers’ Association says it will retain oversight of the London Interbank Offered Rate, dashing speculation that the Bank of England may seek control of LIBOR after the BBA put it under review amid a global investigation charging derivatives traders with allegedly manipulating the rate to their advantage.