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Thursday, 18 January 2018

Huw Jones' s stories

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  • A worker adjusts and cleans the logo of the European Commission at the entrance of the Berlaymont building

    Foreign banks face new EU set-up to allow more scrutiny

    Ticker | 05 September 2017

    (Reuters) Nineteen foreign banks in the European Union will need to set up new holding companies so that regulators can scrutinise them more closely, an EU discussion paper says, mirroring steps taken by the United States.

  • WIND-DOWN RISK

    People & Markets | 02 June 2017

    One of Europe’s top bank watchdogs has warned EU officials that Spain’s Banco Popular may need to be wound down if it fails to find a buyer, an EU official told Reuters. Elke Koenig, who chairs an EU body that winds down troubled banks, recently issued an “early warning”, the official said.

  • Basel IV coming soon

    People & Markets | 26 May 2017

    Global regulators will soon finalise a suite of rules to ensure banks across the world hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said last week.

  • EU wants capital markets alternative to London

    People & Markets | 19 May 2017

    Brexit has forced the European Union to rethink its flagship capital markets union project and urgently look for ways to create an alternative financial market to London, according to a draft EU document.

  • Carney calls for UK-EU bank rules pact after Brexit

    People & Markets | 07 April 2017

    Bank of England Governor Mark Carney called last week for Britain and the European Union to recognise each others’ bank rules after Brexit or risk a potentially damaging hit to financial services across Europe.

  • LSE scuppers Deutsche Boerse merger hopes by rejecting EU demand

    Ticker | 27 February 2017

    The London Stock Exchange has all but ended a planned merger with Deutsche Boerse to create Europe’s biggest stock exchange by ruling out a European antitrust demand, saying it has strong prospects alone.

  • ​BoE fines Mitsubishi UFJ units for poor communication

    Ticker | 09 February 2017

    (Reuters) The Bank of England has fined two units of Japanese bank Mitsubishi UFJ Financial Group a record £26.77m for failing to tell the British regulator about a US enforcement case.

  • Banks to Britain: stagger Brexit over years or we could leave

    People & Markets | 02 December 2016

    Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest banking lobby group will warn the government in coming weeks, according to sources familiar with the matter.

  • Logo of the UK Prudential Regulation Authority

    RBS to bolster capital after flunking UK stress test

    Ticker | 30 November 2016

    Royal Bank of Scotland must bolster its capital after failing this year’s stress test of British lenders as the state-backed lender faces a big US fine for misconduct and continues to struggle with its turnaround.

  • RBS fails UK bank stress test, must bolster capital

    Ticker | 30 November 2016

    Royal Bank of Scotland must boost its capital buffers after failing this year’s stress test of seven British lenders, the Bank of England said on Wednesday.