The European Union should give depositors preference over other unsecured creditors when a bank fails and standardize its approach across the 27-nation bloc, according to International Monetary Fund’s staff memorandum.
Intrade, the betting website that halted trading last month amid a probe into suspected financial irregularities, told customers it has found a $700,000 shortfall in client funds as it seeks their backing for a survival plan.
Banker bonus curbs backed by the rest of the European Union imperil efforts to make lenders more resilient in crises, the U.K. said in a new attack following Chancellor of the Exchequer George Osborne’s defeated bid to block the measures.
Sweden’s Financial Supervisory Authority said it will demand higher requirements for banks’ liquidity buffers to ensure that credit institutions hold sufficient liquidity to manage periods without access to market funding.
Hungary’s central bank will offer two-year, collateralized base rate-indexed loans to domestic lenders and widen the range of collateral it accepts starting next month to boost corporate lending as the economy falters.