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..., “would introduce uncertainty or undermine the NPL secondary market”, the FSB said....
...The FSB’s review said such state-backed guarantees, known as GACS, as well as an overhaul of restructuring and enforcement procedures, “successfully” helped banks slash NPLs from a 2015 peak to €63bn in...
...Most personal guarantees are never called upon by banks, it added. The FSB’s super-complaint was the first made to the FCA since the watchdog was included in the regime in 2012....
...Khavana is charged with sending $51.80 from her US bank account to Razom for Ukraine, a New York-based non-profit group, on the day President Vladimir Putin ordered the full-scale invasion of Russia’s neighbour...
...Banks are demanding interest of over 11 per cent from almost one-third of would-be borrowers, says the FSB....
...“The problem is how it is transmitted into the banks . . . We are at the very early stages but [understanding that] is at the core of what the ESRB and FSB would like to get to.”...
...The FSB called on the FCA to review the extent of banks’ practice of requiring the guarantees and to consider asking ministers to expand the regulator’s remit so that it can cover personal guarantees of...
...The FSB also removed from the list the Swiss lender Credit Suisse, which was taken over this year by rival UBS, and added China’s Bank of Communications....
...The FSB said markets remained “vulnerable” to “further liquidity strains” from so-called non-bank financial institutions....
...In December, the FSB filed a complaint to the FCA claiming that banks were unfairly demanding that directors of its members give personal guarantees for business loans....
...Inflation also rose in several economically-important German states, pointing to a national rise ahead of countrywide data, due later on Thursday....
...The G20-led initiative is supported by the World Bank, the IMF and about 40 central banks....
...Verena Ross, head of Europe’s securities regulator Esma, told the FT she would welcome efforts by the FSB to improve transparency....
...Regulators have thus long focused on measures to prevent these bank runs....
...The FSB is looking at ways for banks to share information, but market sources say that would be a long and complicated effort....
...Knot said the FSB would soon publish a report on the “lessons learned” from this year’s banking crises and the “policy priorities going forward”....
...The FSB even mandates that at least 33 per cent of a global systemically important bank’s TLAC should be in debt!...
...The FSB security service said the unnamed woman, 33, lived in Los Angeles and had organised fundraisers for a Ukrainian group that spent the money on medical supplies, equipment, weapons and ammunition,...
...The FSB is concerned about more than Treasuries. But it is clearly on its mind....
...The State Department described Partskhaladze as a “Georgian-Russian oligarch” who “routinely travels to Russia” and obtained a Russian passport with the help of the FSB....
...The FSB and Iosco are recommending a range of ways for managers of open-ended funds to manage liquidity....
...Magomedov claims the Russian government then made threats to have the FSB “work on” his associates, which he says scared off the investor....
...Klaas Knot, the FSB chair, last week told the FT that the work could ultimately limit the amount that hedge funds can borrow, as well as boosting transparency around how much they owe to banks....
...Knot also stressed that while recent events could lead to some “reprioritisation” of the FSB’s work, it was “committed” to projects already in train around crypto regulation, shadow banking, climate change...
...One in five small businesses reported financing as a main cause of increased business costs, according to FSB data from the second quarter of 2023, which was the highest proportion to date....
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