The Bank of England warned on Thursday that it could force banks and insurers to...
LONDON - The Bank of England warned on Thursday that it could force banks and insurers to hold more capital or use other “supervisory tools” as market momentum for ditching the tarnished Libor interest rate benchmark shows signs of flagging.
Banks were fined around $9 billion for trying to rig Libor and regulators say it must be scrapped by the end of 2021 because it is based on too few transactions. The BoE committee looks for threats to financial stability, and said in December that continued reliance on Libor poses risks. The BoE said in December that progress in moving sterling swaps from Libor to Sonia “appears to have plateaued”, with more work needed to establish a Sonia-based loans market.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
This could be biggest year for bank mergers since the late 1990sTruist, the financial services giant created from the merger of Southeastern regional banks SunTrust and BB&T, just unveiled a brand new purple logo. There could be many other regional banks that may need new names and brand images this year too.
Weiterlesen »
Breakingviews TV: Bank earnings | Reuters VideoJPMorgan and Citigroup kicked off bank earnings season, and while trading is volatile as ever, overall the biggest firms look surprisingly snug. Meanwhile, Wells Fargo’s new boss Charlie Scharf has his work cut out convincing investors that dismal results are a thing of the past.
Weiterlesen »
Lebanon security forces fire tear gas, clash with protesters near central bankLebanese security forces fired tear gas to disperse protesters outside the centr...
Weiterlesen »
Bank of Korea to stand pat for now, views split on further easing: Reuters pollSouth Korea's central bank is expected to keep its policy rate unchanged at...
Weiterlesen »
China central bank injects $58 billion of loans but keeps rates steadyChina's central bank extended fresh short- and medium-term loans on Wednesd...
Weiterlesen »
Bank of America beat analysts' profit estimate on rebound in bond-trading revenueThe second-biggest U.S. lender is among the most sensitive of large banks when it comes to changes in interest rates.
Weiterlesen »