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Syndicate and trading executives get wider responsibilities
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The European Central Bank took another step towards normality last Friday as it announced that the dividend and share buyback restrictions for eurozone banks will end in late September, coming ahead of the publication of the supervisor's latest stress test later this week.
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BlackRock, the world’s largest investor, has upped its game on engaging with companies about environmental, social and governance issues this year, especially climate change, under a new manager. But responsible investment supporters are still hoping for more progress, and that the big investors will make the link between their engagement activities and their support for capital markets issues.
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The European Commission will have completed a legislative proposal for the finalisation of Basel III by early October, according to a new agenda published this week.
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The Prudential Regulation Authority gave more detail on the likely direction of reforms to the risk margin and the matching adjustment on Tuesday, as it launched a quantitative impact study for the review of Solvency II in the UK.
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Credit Suisse has filled six roles in its sustainability strategy, advisory and finance (SSAF) group, headed by Marisa Drew, including a global head of net zero strategy.
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The European Central Bank has said it fears many euro area lenders are failing to account for sharp rises in credit risk, which may become apparent once pandemic support measures have come to an end.