Re-post from March 27, 2014: ABN AMRO, direct issuance, and CRD IV

This week, the government of the Netherlands will decide about floating ABN Amro. This after a perilous and turbulent recent past. Apparently, the float will be compromised: a management-friendly foundation will be the new owner. That foundation then will issue certificates to investors. This protects ABN Amro against a hostile take-over. The structure raises two… Read More Re-post from March 27, 2014: ABN AMRO, direct issuance, and CRD IV

The European Commission consults on CRR and CRD IV and on bank financing

Just before the summer break, the EC published a consultation on the effects of higher bank capital requirements under the CRR. Time to pay back! This is an important consultation, as generally only interested parties (banks) contribute. Unfortunately, in particular academics stay away from these consultations. This is depressing. Given that European academics seldom work for private… Read More The European Commission consults on CRR and CRD IV and on bank financing

FED increases capital requirements for biggest U.S. banks

The Federal Reserve Board on Monday approved a final rule requiring the largest, most systemically important U.S. bank holding companies to further strengthen their capital positions. This is a move in the right direction. See here the FED press release. See here the underlying pdf. See here the document on calibrating the GSIB Surcharge.

EBA discloses 2015 transparency exercise & key features of 2016 EU-wide stress test

Buy one get one free: The European Banking Authority (EBA) published today a tentative sample of banks taking part in the 2015 transparency exercise, together with the draft templates illustrating the type of data that will be disclosed. In addition, following the approval by its Board of Supervisors, the EBA released the key features and… Read More EBA discloses 2015 transparency exercise & key features of 2016 EU-wide stress test