Financial institutions in the UK are looking at novating derivatives contracts in preparation for Brexit. However, such a move might jeopardize contracts that enjoyed grandfathered status under the European Market Infrastructure Regulation.
Private equity firms are increasingly financing deals that banks will not, resulting in more than half a trillion dollars of loans at the end of 2017, up from $300 billion in 2012. The data were compiled by private equity firm Ares Management.
Following the increase of the benchmark interest rate from 0.5% to 0.75%, it is "a matter of trust" that UK banks pass on the increase to savers, said Nicky Morgan, chair of the House of Commons Treasury Select Committee. As of early Friday, only Beverley Building Society had stated its intention to increase interest rates for savers.
The China Banking and Insurance Regulatory Commission said it would encourage lending to private and small companies by financial institutions. The authority said it believes this would boost the nation's economy amid escalating trade tensions with the US.
The event's theme, "Transforming Capital Markets Through Technology", alludes to the purpose and focus of this important gathering. This inaugural gathering will bring together over 500 senior executives and their teams that are driving strategic innovation in technology and operations from Europe's leading financial institutions. The unique feature of this programme is its visionary and forward-looking agenda focused on what capital markets may look like in 20-plus years, which is key for planning strategy in the immediate term. Register.
Join 400 European compliance and legal professionals for networking and discussions on key regulatory topics, including Brexit, MiFID, MAR, GDPR, global policy developments, AML, financial crime, codes and conduct, culture in banking and the importance of the diversity agenda, plus the latest on benchmarks, whistleblower protection, competition law and more. Register before Tuesday, 21 August and take advantage of our early-bird rates. Register.