capital-requirements
Top StoriesPost-Brexit Insurance Reform Clear Before December, Says BoE’s Woods
BankingItaly’s Mps Sees ‘safe Habour’ Ahead After Strong Quarter
FinanceECB to Zero in on Soured Loans This Year as Economy Slows
Top StoriesBank of England Consults on Remaining Basel Bank Capital Rules
EU Eases Bank Capital Rules as ECB Warns of ‘cracking’ Stability
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, despite the ECB warning they risked “cracking the dyke” that protects stability. EU states will now negotiate a final deal with the...
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....
Bank Capital Rules for Cryptoassets Due by Year End
Date: September 13, 2022
By Huw Jones LONDON (Reuters) -The global Basel Committee of banking regulators will complete work on “robust” rules for how banks must set aside capital to cover cryptoassets on their books, the committee’s oversight body said on Tuesday. The panel, made up of banking regulators from the world’s main financial centres, has proposed punitive capital...
Bank of England Says Insurance Reform Will Be No ‘free Lunch’
Date: July 8, 2022
By Huw Jones and Carolyn Cohn LONDON (Reuters) -Reform of insurance capital rules would free up to 90 billion pounds ($108.05 billion) of capital for investment, but it should not be a “free lunch” that puts pensioners and policyholders at risk, Bank of England Deputy Governor Sam Woods said on Friday. Changing insurance rules known...
ECB to Ask Banks to Calculate With Recession Risk: Enria
Date: June 30, 2022
(Reuters) -The European Central Bank plans to ask euro zone lenders to factor a possible recession into their business plans and will use this new calculation for approving dividend payout proposals, ECB bank supervisor Andrea Enria said on Thursday. The ECB continues to project solid economic growth for this year and next but has argued...
Italy’s Monte Dei Paschi Seeks 2.5 Billion Euros for Latest Relaunch Plan
Date: June 23, 2022
By Valentina Za and Silvia Ognibene SIENA, Italy (Reuters) -Italy’s Monte dei Paschi di Siena (MPS) is to seek 2.5 billion euros ($2.6 billion) in cash to fund a new strategy, as the bailed-out bank aims to triple its net profit in the next three years. Italy owns 64% of MPS after a 2017 rescue...