News
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
BIS and Bank of Russia make market infrastructure appointments
Russia’s central bank has created a new department to regulate market infrastructure providers, while the Bank for International Settlements has named Federal Reserve alum Tara Rice as the new head of its committee on payments and market infrastructures.
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
Brazil holds off from issuing banking probe fines
Six banks will face continued investigation in Brazil for denying services to cryptocurrency brokers, with authorities saying they need more analysis before deciding whether to begin formal proceedings.
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
OCC’s Otting out
The US Comptroller of the Currency, Joseph Otting, is stepping down midway through his five-year term, days after issuing new rules under the Community Reinvestment Act which have failed to gain FDIC or Federal Reserve support.
22 May 2020
BIS hires in Basel and Hong Kong
The Bank for International Settlements has hired a new deputy head of banking, and a head for its new innovation hub’s Hong Kong office.
22 May 2020
EU issues new AML/CTF plans, but angers “blacklisted” Caribbean states
The European Commission has announced plans for new anti-money laundering measures – but provoked furious responses from countries which say it failed to consult them over their inclusion on a 12-country money laundering “blacklist”.
20 May 2020
“A step towards returning to normality”: European short-selling bans lifted
Six European countries are ending short-selling bans imposed at the outset of the covid-19 crisis.
20 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
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