Denmark should ignore the European Banking Authority and continue allowing its banks to use covered bonds as highly liquid assets, according to a venture backed by billionaire investor George Soros.
The following is the text of the Federal Reserve Board’s First District-- Boston.
The Bank of England plans to assess the potential impact of having the power to limit loan-to-value ratios on mortgages as part of measures to prevent the build-up of financial-stability risks.
Lloyds Banking Group Plc, Britain’s largest mortgage lender, said Norman Blackwell will replace retiring Chairman Win Bischoff in April.
The largest U.K. banks will have to comply with tougher capital rules five years ahead of an international timetable as the Bank of England seeks to bolster lenders’ resilience to crises.
The following list comprises the most-read Bloomberg News reports from the past week.
Global regulators are set to toughen capital requirements for banks’ holdings of the riskiest types of bundled debt, known as securitizations, while seeking to shield higher-quality paper from overly onerous rules.
Sales of hybrid securities in South Korea have tripled this year as companies including Lotte Shopping Co. and SK Telecom sought to stave off debt-rating downgrades with stronger balance sheets.
Sweden’s largest banks should continue to cut their structural liquidity risks and make sure they have enough capital to cope with future losses, the central bank said.