Topic: Coronavirus

US regulators pave way for higher capital distributions despite dissent

US banking regulators have finalised a measure allowing banks to make higher capital distributions under stressed financial conditions, over the objections of the minority members of the Federal Reserve and FDIC boards.

28 August 2020

Baoshang bankruptcy a “compliance wake-up call” in China

China’s central bank has announced that it will allow troubled Baoshang Bank to become the first commercial lender to file for bankruptcy in China since 2001, in a move that could prompt other lenders to “step up” their risk assessments and internal audits amid growing non-performing loan portfolios.

10 August 2020

Federal Reserve adds coronavirus scenarios to stress tests

The US Federal Reserve will include a coronavirus-specific sensitivity analysis in its annual stress test, in what will determine whether banks can sanction shareholder pay-outs and share buybacks.

22 June 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

BoE staggers Libor haircuts to mirror FCA delays

The Bank of England has altered its roadmap for phasing out the use of the Libor interest rate benchmark by UK banks to April next year, mirroring a delay announced by the Financial Conduct Authority last month.

11 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

FSB global stablecoin suggestions “could stifle private sector”

The Financial Stability Board (FSB) has called on regulators to treat global stablecoins under a “same business, same risks, same rules” approach.

15 April 2020

“No limit” on duration of Federal Reserve coronavirus lending

Major US banks are ramping up for a mass lending effort as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, as the US Federal Reserve chair says there will be “no limit” on the duration of tis financial support during the covid-19 crisis.

09 April 2020

HSBC shareholders resist dividend suspensions

A group of Hong Kong shareholders is mulling legal action against HSBC for acquiescing to the Bank of England's request that it forgo shareholder dividends.

07 April 2020

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