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Singapore banking sector outlook "negative", their ratings outlook "steady": Fitch  

December 8, 2016

Credit rating agency Fitch Ratings has downgraded its sector outlook on the Singapore banking system to "negative", in light of soft economic conditions that are expected to persist next year. This could place broadening pressure on banks' asset quality and dampen earnings over the next year, Fitch said. 

 

Surge in Dollar Provokes Jitters in Emerging Markets Around World  

December 7, 2016

The election of Donald J. Trump has set off a monthlong run of investor ebullience, whose highlight has been a sustained increase in the value of the dollar against the world’s currencies. But around the globe, the surge in the dollar is provoking financial jitters. Emerging market countries and corporations that have been binging on cheap dollar debt for more than a decade now face a spike in servicing costs and elevated debt burdens.

 

Barclays To Exit Energy Trading; Risk of Liquidity Shortage?  

December 7, 2016

Barclays has become the latest bank to announce its exodus from energy trading. Analysts believe that this decision of the bank will raise concerns in the oil industry regarding the liquidity which players of that industry can avail. Declining liquidity in the market for them might mean that they cannot use derivatives to hedge their risk in the market.

 

Tanzania: Banks Need to Reduce Credit Risks  

December 6, 2016

Lending is the backbone and core business of commercial banks. Yet the portfolios have proved to be the source of recurring problems and cause for failure of many commercial banks. Credit portfolio management grew out of the need to improve the financial performance of the large corporate loan portfolios in commercial banks.

 

New ‘Basel IV’ capital requirements proposed for banking sector  

December 5, 2016

In what is a crucial period for the European economy, new proposals for setting the capital requirements for the banking sector have been officially unveiled by the Basel Committee on Banking Supervision (BCBS). The proposals, supposedly the final set of revisions being made to the Basel III Framework (part of the BCBS’s continuous effort to enhance the banking regulatory framework), clarify rules on combating money laundering and terrorist financing in correspondent banking.

 

Rural China Banks With $4 Trillion Assets Facing Debt Test  

December 2, 2016

Bond investors are weighing rising risks that smaller Chinese banks will fail against growing signs the government will do anything to avoid a financial meltdown. A lender called Guiyang Rural Commercial Bank Co. in the southwestern province of Guizhou sparked concern that risks among smaller lenders are spreading after its rating outlook was cut last month following a jump in overdue loans to 30 percent of the total. 

 

Bank of England sees global financial risks after Trump victory  

December 2, 2016

Donald Trump's victory in the U.S. presidential election has increased the threats to the world economy from higher interest rates and less trade, the Bank of England said on Wednesday. The BoE also pointed to potential dangers from rapid Chinese credit growth or a disorganised British departure from the European Union in a half-yearly assessment of risks to Britain's financial system.

 

Global Bonds Suffer Worst Monthly Meltdown as $1.7 Trillion Lost  

December 1, 2016

The Bloomberg Barclays Global Aggregate Total Return Index lost 4 percent in November, the deepest slump since the gauge’s inception in 1990. Gathering U.S. economic momentum and Donald Trump’s election win -- with promises of tax cuts and $1 trillion in infrastructure spending -- spurred investors to dump debt that was offering near-record-low yields and pile into stocks.

 

No major exodus from EU after MIFID II, says ETR Advisory  

December 1, 2016

Commodity traders need to hurry to revamp their processes to comply with updated European rules surrounding MIFID II, which is aimed at boosting transparency in derivatives trading, regulatory expert Aviv Handler said. Mr Handler, managing director at ETR Advisory, said that while a newly-extended deadline of January 2018 may appear to offer ample amounts of time for compliance, traders should stay on their toes, as the scale of change required is bigger than some believe.

 

Bank capital deal takes shape despite impasse says Basel head  

December 1, 2016

An outline deal on how much capital banks must hold to avoid a repeat of the financial crisis has taken shape, a top regulator said on Wednesday, despite the failure of negotiators at a two-day meeting to reach agreement on global standards. The European Union had threatened to boycott the proposed rules unless they are diluted and agreeing a deal is seen as a litmus test for a global post-crisis regulatory consensus.

 

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