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Latest News
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Fed economists warn of ‘regulatory arbitrage’ over IHC rule
Federal Reserve economists have warned of ‘financial stability’ concerns around the US treatment of foreign banks, after publishing research suggesting that some institutions were hiding assets in branches to escape closer regulatory oversight.
13 May 2021 -
Enria warns EU lawmakers against ‘creative approaches’ to Basel III
The European Central Bank’s top supervisor has hit out against plans to implement the Basel III output floor using a “parallel stack” of risk-weighted assets, warning EU lawmakers of the reputational risks of diverging from international agreements.
05 May 2021 -
NatWest beats expectations but markets revenues ‘normalise’
NatWest Group recorded a loss at its investment bank on Thursday, after climbing down from the dizzying heights of last year’s first quarter profits. The weaker numbers weighed on the performance of the group, but the bank still managed to breeze past market expectations.
29 Apr 2021 -
Taxonomy’s troubled birth shakes its power to green markets
Market participants will embark in the coming weeks on the difficult task of working out how to use the European Union’s sustainable finance Taxonomy, after the first criteria were published this week. In doing so, they will be conscious that the smooth tide of green finance is now breaking against the hard reality of power politics and resistance by fossil fuel industries — a clash that is rocking the Taxonomy’s credibility, writes Jon Hay.
22 Apr 2021 -
SRB warns EU not to lose sight of ‘fully fledged’ EDIS
The Single Resolution Board said this week that it could only get behind a "hybrid model" for the European deposit guarantee scheme (EDIS) if it forms part of a temporary solution on the way to establishing a fuller framework.
22 Apr 2021 -
Tikehau co-founder: 'Companies must be sustainable to profitable'
ESG exposures are no longer just 'nice to have', according to alternative asset manager Tikehau Capital, which is doubling down on its sustainable investments in the Covid-19 recovery period.
22 Apr 2021 -
Piraeus covers capital raise to clean up NPL portfolio
Piraeus Financial Holdings, the Greek holding company which owns Piraeus Bank, has launched a capital raise to give it the firepower needed to offload non-performing loans and has already secured enough demand on one morning of book-building to cover the deal.
21 Apr 2021 -
Taxonomy ducks gas and caves on bioenergy
The detailed rules for the EU Taxonomy of Sustainable Economic Activities look set to come into force, as the European Commission published them on Wednesday, after weeks of intense lobbying and negotiation that had raised the prospect of them being delayed again. Gas will not enter the Taxonomy for now and will be dealt with in separate legislation, but nuclear power could enter the Taxonomy later this year, alarming greens.
21 Apr 2021 -
Basel Committee to carry out ‘further analysis’ before capital reforms
The Basel Committee on Banking Supervision (BCBS) will need to see more evidence that its capital reforms restrict “buffer usability” and have “(pro)cyclical” impacts before it recommends any changes to the framework.
21 Apr 2021 -
Banks must pay attention to Kiwi climate disclosures
New Zealand will be an important test case for mandatory reporting on climate risks. Financial firms everywhere would be wise to sit up and take notice.
20 Apr 2021
