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Thursday, 23 March 2017

Regulation

New York to benefit from Brexit

IFR 2175 18 March to 24 March 2017

London business could head to US rather than EU

Europe urges US to complete Basel deal

IFR 2175 18 March to 24 March 2017

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”.

Big IFRS 9 capital hit looms for one in eight banks

IFR 2175 18 March to 24 March 2017

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 changes restructuring law

IFR 2175 18 March to 24 March 2017

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.

Hong Kong Bond Connect to launch this year

IFR 2175 18 March to 24 March 2017

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.