The Basel Committee on Banking Supervision is set to move ahead with proposals to introduce a new capital charge for interest rate risk in the banking book (IRRBB), defying warnings from lenders that have lobbied heavily against the move.
An ambitious pan-European Capital Markets Union framework that is currently being prepared to break down national barriers and improve corporate access to financing, should be expanded to over-the-counter derivatives, some industry groups suggest.
China’s plan to help local governments swap their debt for bonds might avert a funding crunch for the provinces and help its slowing economy, but it risks suspending reform of its dysfunctional credit markets just to push the debt problem down the road.
Corporate treasurers say tougher regulatory requirements facing banks are forcing issuers to hire greater numbers of bookrunners for bond offerings.
(Reuters) - The European Central Bank is under fire after one of its policymakers gave market sensitive information to an invitation-only conference attended by hedge fund managers, a day before his speech was publicly released.