Swedish banks will need to raise just under €53bn-equivalent of loss absorbing debt in the next five years, the Swedish National Debt Office said on Thursday as it unveiled its framework to end too-big-to-fail in the country.
The standards board for fixed income markets sees dozens of grey areas that could open the door to conflicts of interest, and is aiming to clarify and codify the rules around them.
The Association for Financial Markets in Europe has urged European lawmakers to quickly agree and transpose a European Commission proposal implementing TLAC into Europe to give banks enough time to build their cushions of loss-absorbing debt.
US Federal Reserve Governor Daniel Tarullo’s early exit from the central bank is the clearest signal yet that large global banks may see an easing of some of the strictest capital and reporting requirements imposed in the past five years.
Singapore Exchange took a new step towards the introduction of dual-class shares last week with the launch of a public consultation on its plans to end a drought of new listings.