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Tuesday, 24 October 2017

Huw Jones' s stories

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  • MiFID II rules slammed as too costly and invasive

    People & Markets | 20 October 2017

    A German banking lobby group said last week that new European regulations aimed at protecting consumers were too costly and too invasive.

  • US, EU reach preliminary deal on swaps trading under MiFID II

    Ticker | 13 October 2017

    US and European regulators said they had reached a preliminary deal on Friday to recognise each others’ derivatives rules, a critical development that should avert any cross-border trading disruptions.

  • Regulators near Basel capital deal

    People & Markets | 13 October 2017

    Global banking regulators are close to a final deal on capital rules that aim to ensure banks can withstand financial shocks, with Europe and the United States set to compromise on a major sticking point, banking and regulatory sources said last week.

  • UK banks must find £4bn of bail-in debt by 2022

    People & Markets | 06 October 2017

    Banks operating in Britain must by 2022 find a net £4bn (US$5.3bn) of debt that can help a bank if it hits trouble, to comply with rules aimed at shielding taxpayers.

  • Bank of England

    Bank of England asks banks to hold more capital on consumer loan risks

    Ticker | 25 September 2017

    (Reuters) British lenders need to hold around an extra £10bn in capital to guard against increased risks from rapidly rising unsecured consumer lending, the Bank of England said on Monday.

  • Foreign banks face new costly EU holding company set-up

    People & Markets | 08 September 2017

    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.

  • 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.

  • The Bank of England

    UK banks given extra 2 years to meet bail-in rules

    Ticker | 08 November 2016

    The Bank of England said Britain’s lenders would be given an extra two years until 2022 to build up sufficient funds to ensure they do not need to rely on taxpayer bailouts if they go under.

  • UK reassures on finance sector stability during Brexit

    People & Markets | 21 October 2016

    Britain will do whatever is needed to ensure the stability of the financial services sector and markets during the process of negotiating its exit from the European Union, Brexit minister David Davis said.

  • London edges out NY, but maybe not for long

    People & Markets | 30 September 2016

    London’s role as the world’s top financial centre could be under threat as the implications of Britain leaving the European Union start to sink in.

  • Canary Wharf in London

    Banks step up effort to avoid damaging Brexit

    People & Markets | 09 September 2016

    Banks and financial firms in the City of London have stepped up their efforts to influence the terms of Britain’s exit from the European Union and ensure their interests are heard.

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