London business could head to US rather than EU
Top European policymakers have called for negotiations to finalise bank capital rules to resume as swiftly as possible, with Bundesbank president and ECB board member Jens Weidmann calling the uncertainty around any amendments to Basel III as “undoubtedly a burden for banks”.
One in eight banks expect the impact of new accounting rules on loan losses coming into effect next year will hit their capital ratios by 50bp or more.
Singapore has made big changes to its restructuring regime, bringing it closer to the US system and making it more attractive as an international jurisdiction for corporate debt workouts.
China aims to establish a bond trading link with Hong Kong this year as part of Beijing’s ongoing efforts to open up its capital markets to offshore investors, Premier Li Keqiang said.