Swedbank AB, the second-best capitalized major lender in the European Union, said it expects its credit rating to improve as it reported a 3.4 percent increase in first-quarter profit after cutting expenses.
British lawmakers pushed for three former top executives at HBOS Plc to be banned from working in the financial industry after their “self-delusion” led the lender to require a 28 billion-pound ($42 billion) rescue.
Swedish regulators should consider raising risk weights on mortgage assets above the 15 percent proposed last year to help the industry pad itself against potential losses, Riksbank Governor Stefan Ingves said.
Turkiye Is Bankasi AS’s capital adequacy ratio may fall between 50 basis points and 60 basis points as Turkey’s banking industry switched to Basel II, Bloomberg HT television reported today, citing bank’s chief executive Adnan Bali.
Following is the text of a speech to be delivered today by Bank of Canada Governor Mark Carney to the International Center for Monetary and Banking Studies in Geneva, Switzerland. The text was released in Ottawa. The footnotes and charts from the original version have been removed from this text.
Turkey’s fine-tuning of the Basel II capital rules limits their impact on banks, protecting Turkiye Is Bankasi AS, Turkiye Vakiflar Bankasi TAO and Yapi & Kredi Bankasi AS from falling below required capital requirements, brokerage BGC Partners said.