The Competition and Markets Authority wants to prod both customers and banks into action Since the financial crisis Britain’s banks have taken some hits—deservedly, many would say. They have paid billions in fines for mis-selling loan insurance; they have been forced to pay extra taxes (the “bank levy”) into the Treasury’s coffers; some were [...]
The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the Liquidity Coverage Ratio (LCR) disclosure. These Guidelines harmonise and specify both the qualitative and quantitative information that institutions are required to disclose on liquidity and namely on the LCR. The consultation will run until 11 August 2016. LCR disclosure [...]
China needs to free up its financial system, even if it hurts, says Simon Rabinovitch The Head Office of Sheyang Rural Commercial Bank is a reassuringly solid building. Its grey stone façade and arched doorways convey a feeling of prosperity, a splash of high finance in this small county town in eastern China where [...]
The European Banking Authority (EBA) published today corrective updates to two versions of its XBRL taxonomies for supervisory reporting, correcting technical errors in the implementation of some validation rules. Following the publication by the European Commission of the relevant amendments to the Implementation Technical Standards on supervisory reporting, the EBA also confirms the first [...]
Following an open selection process, the Board of Supervisors of the European Banking Authority (EBA) appointed 23 new members to its Banking Stakeholder Group (BSG), as the mandate for the majority of them expired on 14 April 2016. In accordance with the EBA Founding Regulation, the BSG is composed of 30 members; of them, [...]
The European Banking Authority (EBA) published today its Opinion setting out measures credit and financial institutions can take to comply with EU Anti- Money Laundering and Counter-Terrorist Financing (AML/CFT) requirements when providing asylum seekers from higher-risk jurisdictions with access to basic financial products and services. In this Opinion, the EBA highlights that efforts to [...]
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA – ESAs) published today its Spring 2016 Report on Risks and Vulnerabilities in the EU Financial System. The Joint Committee highlights three main risks affecting the European financial system and suggests a set of policy actions to tackle those risks: Low profitability of [...]
The European Banking Authority (EBA) published today the periodical update of its Risk Dashboard summarising the main risks and vulnerabilities in the banking sector on the basis of the evolution of a set of Risk Indicators (RI) across the EU in Q4 2015. The update shows a further increase in EU banks’ capital ratios. [...]
The European Banking Authority (EBA) report on remuneration practices published today shows that the number of high earners in EU banks increased significantly in 2014, while the average ratio between the variable and fixed remuneration dropped significantly for high earners, as well as for all other identified staff. The report, which is part of [...]
Investors have very short memories when central banks offer comfort. Junior bank debt has rallied sharply since Mario Draghi, European Central Bank president, lent his support last week. UBS this week sold the first so-called additional tier 1 capital bonds since mid-January, attracting bids for more than five-times the size of the deal. The [...]