Bank Capital 2018

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  • The EU cannot stop banking on the Banking Union

    Europe has struggled to build a consensus among member states about when it should move towards completing the Banking Union. But the problem is becoming more and more urgent for lawmakers, which have been tasked with promoting the long-term growth and stability of the European financial sector. Tyler Davis reports.

  • Issuers face up to challenges in late cycle capital planning

    European banks have benefitted from a near perfect market backdrop while building up layers of regulatory capital in recent years. But that is beginning to change at a senstive time for issuers, which are confronting tricky questions about refinancing old instruments. Capital planning is getting tough, just as tough market conditions have gotten going. Tyler Davies reports.

  • Laboureix: SRB is moving forward in journey to MREL

    It has been another big year for the Single Resolution Board. For the first time, the public authority is giving out binding MREL requirements to the most important banks in Europe. Having a sufficient quantity and quality of MREL is seen as a key tool in making banks resolvable, so that they can face financial trouble without putting undue stress on the broader financial system and the taxpayer. But the SRB still has a way to go yet. It is updating its MREL policy for 2018 and wrestling with tough questions about what is the best possible design for a liability structure that can facilitate the proper use of the bail-in tool. GlobalCapital interviewed Dominique Laboureix, a member of the board and director of resolution planning and decisions at the SRB, about what he describes as “the journey to MREL”.

  • Banks find freedom to work on big picture capital structures

    Greater clarity on Basel IV and MREL has given banks the confidence to go ahead and plan what their capital structures are going to look like over the next decade. The future is going to be all about optimising costs rather than raising buffers. Tyler Davies reports.

  • Banks find buyers to take on assets as ECB applies pressure

    Regulatory pressures are pushing banks into shedding unwanted assets. And on the other side of the table, new investors have diversified the marketplace. Jasper Cox reports.

  • Banks leave nothing to chance amid uncertainty on capital

    European banks are nearly at the end of the road in terms of raising regulatory capital. Yet there is hardly a chance for anybody in the market to rest on their laurels. The value of having different capital products has come under close scrutiny, the calibration of the minimum requirement for own funds and eligible liabilities (MREL) is still not set in stone, and market conditions are showing all the signs of having entered into the volatile final phase of the economic cycle. Issuers and investors gathered at Morgan Stanley’s offices in London this summer to discuss the best route forward towards capital compliance.

  • Banks leave nothing to chance amid uncertainty on capital

    European banks are nearly at the end of the road in terms of raising regulatory capital. Yet there is hardly a chance for anybody in the market to rest on their laurels. The value of having different capital products has come under close scrutiny, the calibration of the minimum requirement for own funds and eligible liabilities (MREL) is still not set in stone, and market conditions are showing all the signs of having entered into the volatile final phase of the economic cycle. Issuers and investors gathered at Morgan Stanley’s offices in London this summer to discuss the best route forward towards capital compliance.

  • Banks forced to design strategy for Europe’s green finance push

    Banks’ stakeholders are demanding ever-stricter standards on sustainability. Rather than simply issuing green bonds as a standalone initiative, financial institutions must look at their business as a whole. By Jasper Cox.

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