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  • Fed economists warn of ‘regulatory arbitrage’ over IHC rule

    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.

  • NatWest beats expectations but markets revenues ‘normalise’

    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.

  • Taxonomy’s troubled birth shakes its power to green markets

    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.

  • SRB warns EU not to lose sight of ‘fully fledged’ EDIS

    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.

  • Piraeus covers capital raise to clean up NPL portfolio

    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.

  • Taxonomy ducks gas and caves on bioenergy

    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.

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