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.
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.
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.
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.
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.