Basel rules were created so as to avoid a scenario wherein taxpayer’s money is used to bail banks in case of a financial crisis. On Wednesday, financial regulators warned, top international banks will collectively require $34 billion (30 billion euros)… Read More ›
Although risk premiums for the GACS scheme are pricey for the Italian government, but given its size of 100 billion euros, the Italian government is likely to be hard pressed on ways to significantly trim it no matter how complicated… Read More ›
Basel III regulations are slated to come into force in 2022. While he London Bullion Market Association (LBMA) wants the net stable funding ratio (NSFR) to be at the 50% mark, EU finance ministers want it secured at 85%, to… Read More ›
Refinitiv is essentially Thomson Reuters’ F&R unit, which acquired a 55% majority stake by Blackstone on January 30 2018. Thomson Reuters’ Financial and Risk (F&R) division – Refinitiv has has launched a price guidance on its term loan B, equivalent… Read More ›
As a result of China’s credit ratings industry assigning favorable ratings to the bonds of local issuers while downplays their credit risks, the market is full of issuers who have AA ratings which are reserved only for the safest and… Read More ›
The proposal aims to simplify and ease some of the overreaching aspects of the rule which places undue and excessive burden on financial compliance. With the Federal Reserve, along with other U.S. regulators, proposing to rewriting the “Volcker Rule” that… Read More ›
The bulk of the $4.9 billion settlement amount has already been provisioned for; as for the balance amount of $1.44 billion, RBS has agreed to take an incremental charge in 2018’s second quarter. The Royal Bank of Scotland Group Plc… Read More ›
The object is not to repeal but to review and reform the 2010 Dodd-Frank financial reform law which aims to provides critical protections to taxpayers and consumers. As per a leading Republican lawmaker, the U.S. House of Representatives is likely… Read More ›
Strongly in favor of the 2010 Dodd-Frank Act, through this new blueprint Christopher Giancarlo aims to improve optimize it the implementation of the rules in the act. On Thursday, Christopher Giancarlo, the chairman of the Commodity Futures Trading Commission (CFTC),… Read More ›
This is the second instance wherein systemic changes brought in by former President Barrack Obama in the wake of the 2007-2009 financial crisis is being dismantled. In a landmark judgment, a federal appeals court has struck down the U.S. Department… Read More ›
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