Societe Generale, JP Morgan and Bank of America Merrill Lynch are shifting more bankers to Paris as banks step up plans to be ready for a hard Brexit or no deal, bankers said.
Corporate debt restructurings are set to become much more expensive as the market turns and the end of easy money heralds the start of increasingly complex and costly workouts.
The Reserve Bank of New Zealand has proposed huge increases in bank capital ratios to bolster the financial system’s ability to cope with future shocks.
Hong Kong has become the first jurisdiction in Asia outside Japan to introduce rules governing total loss-absorbing capacity after the Loss-absorbing Capacity Requirements–Banking Sector Rules came into force.
BNP Paribas has become the first French bank and third international bank overall to receive a licence to lead underwrite corporate Panda bonds in China.