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Sunday, 18 February 2018

Regulation

India redraws debt workout rules

IFR 2221 17 February to 23 February 2018

India’s central bank has torn up its rule book on debt restructurings in favour of a standardised approach that gives major defaulters just six months to agree terms with their bank creditors.

SFO charges Barclays operating arm over Qatar loan

IFR 2221 17 February to 23 February 2018

Britain’s Serious Fraud Office has charged Barclays’ operating subsidiary with giving Qatari investors an illegal loan which was then used to prop up its shares during the banking crisis, deepening the lender’s legal difficulties.

Credit investors unperturbed by Basel IV disclosures

IFR 2221 17 February to 23 February 2018

European banks are offering investors a glimpse into the potential impact of global regulatory reforms on their balance sheets, though the lengthy phase-in period has left credit buyers markedly relaxed.

CLOs win risk-retention fight with the Fed and SEC

IFR 2221 17 February to 23 February 2018

A legal victory for Collateralized Loan Obligation funds may help President Donald Trump’s efforts to dismantle the Dodd-Frank Act, a massive regulatory package that was signed into law by his predecessor, President Barack Obama.

ECB haircuts hit conditional pass-through bonds

IFR 2221 17 February to 23 February 2018

Changes to the European Central Bank’s treatment of retained covered bonds will hit hardest conditional pass through (CPT) structures, potentially pushing issuers to reassess the efficiency of these securities.