US dollar London interbank offered rate (Libor) administrator will keep main tenors of benchmark going until June 2023.
Banks anxious over incoming Biden administration
November 30, 2020A Democratic administration has big implications for banks as corporate taxes could rise and supervision could become more demanding.
Higher capital buffers give banks more flexibility to recover collateral
November 23, 2020Banks entered Covid-19 crisis better capitalised than during the global financial crisis which should help them handle a surge in NPLs.
ISDA publishes fallbacks amid fears over Libor transition
November 19, 2020Some market participants are lagging in their preparations to transition to alternative interest rate benchmarks.
World
/ Western Europe
/ UK
Banks take stock of UK financial services bill
November 17, 2020Leaving the EU poses problems and opportunities for banks under the UK’s new regulation framework.
ECB ponders ‘bad bank’ for souring eurozone loans
November 12, 2020Central bank and EU authorities have been in talks to set up a ‘bad bank’ to absorb expected surge in NPLs from Covid-19.
World
/ Western Europe
/ UK
UK financial sector blueprint centres on fintech and green bonds
November 11, 2020Post-Brexit plans for financial sector focus on tackling climate change and promoting fintech.
Central bank digital currencies could transform banking
November 2, 2020Commercial banks should keep an eye on the development of central bank digital currencies: they could have a profound impact on the financial system and on banking business models.
Workable ‘consolidated tape’ vital to EU capital markets union hopes
October 28, 2020Establishing near real-time record of trade prices key to making pan-European project viable, says top European Commission official.
Shift to new rate benchmarks still challenging despite DOJ ruling
October 22, 2020Finance industry faces tricky transition away from the tarnished interbank offered rates (Ibors) to alternative risk free rates.