banking-regulation
BankingBritain Could Narrow Scope of Banker Accountability Rules, Says Minister
Top StoriesExplainer-How Britain Is Exploiting Brexit to Reform Finance?
Top StoriesBank of England Consults on Remaining Basel Bank Capital Rules
BankingEU Eases Bank Capital Rules as ECB Warns of ‘cracking’ Stability
EU Backs Watering Down of Final Basel Bank Capital Rules
Date: November 8, 2022
By Huw Jones LONDON (Reuters) -European Union member states have backed a temporary watering down and two-year delay to 2025 for the final leg of the globally agreed Basel III bank capital rules, the Czech EU presidency said on Tuesday. EU states will now negotiate a final deal with the European Parliament in early 2023....
Spanish Banks Weigh Impact of Windfall Tax, Consider Legal Challenge
Date: July 29, 2022
By Jesús Aguado and Emma Pinedo MADRID (Reuters) – BBVA and Caixabank on Friday said they were looking at the potential impact of a proposed tax on banks in Spain and exploring taking legal action to challenge the move. Spain’s leftist ruling coalition introduced a draft bill in parliament on Thursday to create a temporary...
BoE May Force Banks to Use Buffers in a Crisis, Official Says
Date: July 14, 2022
By Huw Jones LONDON (Reuters) – The Bank of England may oblige all banks to tap their capital buffer and stop paying dividends in a crisis to avoid a vacuum in lending to households and businesses, one of its senior officials said on Thursday. Banks were reluctant to use up some of their capital buffers...
EU Financial Services Chief Calls for Compromise on Bank Capital
Date: June 14, 2022
By Huw Jones LONDON (Reuters) – European Union financial services chief Mairead McGuinness on Tuesday urged the bloc’s lawmakers to agree on bank capital rules to keep the sector resilient as it emerges from the pandemic and markets fragment due to war in Ukraine. The EU is approving a law to implement capital requirements agreed...
UK Banks No Longer Too Big to Fail, Says BoE
Date: June 10, 2022
By Iain Withers and Sinchita Mitra LONDON (Reuters) – The Bank of England is satisfied lenders have taken steps to ensure they are no longer “too big to fail” in any future crisis, it said on Friday, though it did find shortcomings at three leading banks. The BoE is aiming to stop banks from requiring...
ECB Tells Banks to Buckle up as Ukraine War Hits Economy
Date: May 18, 2022
FRANKFURT (Reuters) – The European Central Bank has told banks to buckle up and prepare for a bumpy road ahead as the Ukraine war hits the economy and a sudden surge in interest rates makes markets more volatile, the ECB top supervisor Andrea Enria said on Wednesday. Euro zone banks were just coming out of...