The European Securities and Markets Authority has opened a new consultation on rules for indirect clearing of over-the-counter and exchange traded derivatives. The regulator is hoping to reverse an inconsistent approach to the currrent requirements, which fall under two separate pieces of legislation.
China has published guidance on the issuance of asset-backed securities (ABS) backed by individual consumer loans, which is likely to set the stage for an expansion in loan securitisations in the mainland.
(Reuters) - The European Central Bank has agreed a new code of conduct to stop top officials giving select groups sensitive information, months after a rate-setter was criticised for discussing money printing plans with hedge funds.
“Costs will be the strategic battleground for our industry over the next decade,” said Barclays former chief executive Antony Jenkins, when summing up the context of his plan for the bank two and a half years ago.
The European Union will ease capital rules it has imposed on banks and insurers since the financial crisis to help markets raise more funds for reviving sluggish economic growth.