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International News & Information
News and Information
April 18, 2016 EU weighs stress tests for banks’ climate risk exposureSource: Reuters
Financial firms in the European Union may have to undergo stress tests on their exposure to climate change risk, such as floods, and to energy intensive sectors where assets are more exposed to repricing, a document seen by...
China's central bank, the People's Bank of China, has cut further the reserve requirement ratio, the amount of cash the country's banks have to hold, in an attempt to calm investor jitters over the world's second largest economy.
December 1, 2015 UK plans to make banks hold up to $15 bln more capitalSource: Reuters
The Bank of England set out plans on Tuesday to require banks to hold a total of up to 10 billion pounds ($15 billion) more capital as they start to lend more freely in a recovering economy, but stopped short of demanding...
Euro zone central bank officials are considering options such as whether to stagger charges on banks hoarding cash or to buy more debt ahead of the next European Central Bank meeting, according to officials.
November 18, 2015 Fear Spreads as China's Finance Firms Face ArrestsSource: Bloomberg
The arrests or investigations targeting the finance industry in the aftermath of China’s summer market crash have intensified in recent weeks, creating a climate of fear among China’s finance firms and chilling their investment...
October 27, 2015 Foreign bank card firms fear tough China regulatory regime
Yahoo Finance - It may also defy a 2012 World Trade Organization (WTO) ruling that found China was discriminating against U.S. credit card firms by allowing China UnionPay, a state-controlled consortium, a monopoly on all yuan...
September 22, 2015 New accounting rules to challenge banking industry: ECB's NouySource: Reuters
The introduction of a new accounting standard for financial instruments will be challenging for the banking industry, especially when it comes to modeling for expected losses, the European Central Bank's supervisory chief said on...
September 16, 2015 More bloodletting to come for European bankers
The Irish Times - The diverging fortunes of European and US banks is reflected in their share performance. The STOXX 600 Banks Index declined 1.5 per cent since the end of 2010, compared with a 39 per cent gain in the KBW Bank...
September 2, 2015 Banks to face €61.5bn hit from new accounting rules, says reportSource: ft.com
New accounting rules could force Europe's top banks to recognise an extra €61.5bn in loan losses, new analysis shows, as a major UK pensions group has warned that bank accounting is not fit for purpose.
Euro zone banks should expect another round of health checks in 2016, the European Central Bank’s top banking supervisor was quoted as saying, adding that Greece’s banks remained solvent.
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