Topic: Bank regulation

Hinduja loses Cayman banking licence

The Cayman Islands’ financial regulator has revoked Geneva-based Hinduja Bank’s banking licence for a string of anti-money laundering and governance lapses.

03 June 2020

New EBA loan origination rules tighten lending procedures

The European Banking Authority has announced more intensive creditworthiness tests in new loan origination guidelines set to take effect next year, in a bid to reduce banks’ non-performing exposures.

01 June 2020

NatWest dodges Libor fixing suit after claim misses six-year deadline

NatWest has avoided an £8 million Libor-related consequential loss claim after an English judge ruled it had overshot its limitation period by a fortnight.

29 May 2020

EBA warns over NPL exposures in first covid-19 stocktake

Europe’s banking regulator has warned that there may be a greater need for mergers and consolidation to address overcapacity, in its first stock-take on the impact of covid-19 on the banking sector.

27 May 2020

ECB tells banks to show their working in climate-related disclosures

Banks should publish the research that informs their climate-related and environmental risk assessments, the European Central Bank has said.

22 May 2020

Asset class consistency key in pre-cessation trigger, ISDA finds

Market participants have told the International Swaps and Derivatives Association (ISDA) to add a pre-cessation trigger to inter-bank offered rate fallback documentation, highlighting consistency across asset classes and within derivative markets as a prerequisite.

18 May 2020

Chinese regulator issues first fines for lax data reporting

China’s banking regulator has fined the country’s four major state-owned lenders for inconsistencies in their financial data reporting, marking the first time it has issued penalties for data matters amid the release of stricter standards.

15 May 2020

Regulators tell Bank of China to probe US$1.3bn oil slump loss

The Bank of China could be faced with a class action lawsuit after it lost over 7 billion yuan (US$1.3 billion) through its oil futures investment product, after the price of crude oil went negative for the first time in history.

01 May 2020

EU eases leverage ratio in covid-19 relief package

The European Commission has announced a package of proposed regulatory changes aimed at facilitating bank lending – including an adjustment to leverage ratio rules that had been a focus of bank lobbying following a similar switch by the US Federal Reserve.

29 April 2020

Turkey imposes minimum lending requirement amid Erdoğan criticism

Turkey’s banking sector is appealing for a delay to a new minimum lending requirement, after the country’s president criticised private banks for not stepping up lending during the coronavirus pandemic.

27 April 2020

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