Allied Irish Bank (AIB)
The boy who cried ‘outlier’: false alarms could dog EBA test
Analysis reveals banks deemed outliers by net income test are profitable post-shock, so how useful is the test?
Robo-raters help banks vet vendors for cyber risk
Specialists tout service for monitoring third parties amid tougher rules on outsourcing risk
Many EU banks’ sovereign portfolios highly concentrated
Forty-eight lenders have more than three-quarters of sovereign risk allocated to home country
Big EU banks lost €22bn capital on IFRS 9 switch
Italian banks saw the largest capital depletion, losing €9 billion (8.9%) of CET1 capital on the transition
EU banks get different MREL levels and deadlines
Average bail-in requirement is 28% of RWAs
Rogue trading questions remain, says US head of op risk at Mitsubishi UFJ Securities
Lack of commonality in rogue traders adds to the risk banks face from within
SFO begins prosecution of £60 million property fraud
The SFO has begun its prosecution of Achilleas Kallakis and Alexander Williams, who are charged with defrauding and incurring losses of £60 million for Allied Irish Banks and Bank of Scotland
AIB sub debt holders in legal quandary over exchange offer
Subordinated bondholders in Allied Irish Bank are faced with an unappealing dilemma: accept a coercive exchange offer that could see some lose up to 90% of their investments or refuse, and take the matter to the courts. But with the Irish government…
AIB refunds €8 million to ATM customers
Billing errors have caused Allied Irish Bank to rethink its ATM anti-fraud strategy
Portugal bucks downward CDS trend
Debt protection costs continued to decline across most of Europe, but Ireland and Portugal are moving in the opposite direction
Eurozone CDS spreads continue narrowing trend
Debt protection costs on eurozone peripherals declined again, while fears of Egyptian unrest remain
CDS spreads continue to fall across eurozone periphery
The cost of swaps protecting against a state default of eurozone peripheral states continued to decline today.
Eurozone CDS spreads continue downward trajectory
Debt protection costs on eurozone sovereigns fall while Irish financials enjoy mixed day
Risk perceptions of Allied Irish Bank rise over weekend
Credit default swaps on the troubled Irish bank widen by four percentage points
Ups and downs for eurozone CDSs
Mixed fortunes in CDS market as Spain and Italy see successful bond auctions
CDSs on eurozone periphery fall for third day
In the wake of Portugal’s successful bond auction of almost €1.25 billion yesterday, credit default swaps (CDSs) on eurozone sovereigns continue to trade down
New highs for CDS spreads on Ireland and Belgium
The cost of insuring against Irish and Belgian state defaults reaches unprecedented levels
SNB rejects Irish debt as collateral
Swiss National Bank excludes Irish sovereign debt and that of some Irish banks from list of collateral eligible for open market operations
Bank of Ireland CDSs rise sharply
The cost of insuring against a default by the Bank of Ireland rose today, as the Swiss central bank stopped accepting the bonds of Irish banks as collateral
Debt protection cost on Irish financials increases over holidays
CDS spreads for Irish banks widen over holiday period, while peripheral EU states remain steady
CDS on Portugal rise on Moody’s warning
Threat to A1 credit rating of the Portuguese government raises cost of credit default swaps.