Royal Bank of Canada has been added to the list of 30 global systemically important banks by the Financial Stability Board of international regulators. It replaces Group BPCE, owner of Natixis, on the list in the latest annual review.
Moody’s said it believes the potential repeal of leveraged loan guidance would not materially worsen lending conditions, primarily because the market is already overheated.
The European Commission is muscling in on how European corporate bond markets function with a set of 22 recommendations that it believes will drive improvements for issuers and investors.
Kroll Bond Rating Agency wants to expand its small European operations, which opened in September, across the region after winning approval to be registered from the European Securities and Markets Authority.
With less than two months to go until one of the biggest changes in how European equities trading businesses are run, executives are predicting a shake-out of participants in the competitive area.