New Basel Rules on Capital Hit European Banks

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New Basel Rules on Capital Hit European Banks – Financial Times (subscription)

Top international central bankers and regulators have struck a long-awaited deal on bank capital rules that Mario Draghi hailed as the final step of post-financial crisis reforms and which resolves a transatlantic rift on the treatment of the industry.

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MiFID Swaps Deal Reached for US Platforms to Avert Rupture

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MiFID Swaps Deal Reached for US Platforms to Avert Rupture – Bloomberg

The European Union said banks and other traders in the bloc can use US platforms to comply with MiFID II restrictions on derivatives, as policy makers moved to prevent a rupture in the $542 trillion global market less than a month before the EU law kicks in.

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15 European Central Banks Sign Up to Global Code

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15 European Central Banks Sign Up to Global Code – Profit & Loss

Stating that, “All central banks in the European System of Central Banks (ESCB) are strongly committed to supporting and promoting adherence to the Foreign Exchange Global Code of Conduct”, 15 of the ESCB central banks, including the European Central Bank itself, simultaneously issued Statements of Commitment to the Code. Read More