Building societies
Swaps between UK banks and foreign firms up in Q3
Despite latest uptick, gross value of derivatives contracts held by UK banks is 67% below 2008 peak
Nationwide: ABS markets need more than warm words
"There does seem to be this sense in which covered bonds are innocent until proven guilty"
UK building societies fear new FSA guidance impedes competition
Sector fears new rules will make it harder to compete
It will end in tiers
Regulators are intent on bolstering capital at financial institutions, with most citing common equity as the key component needed to absorb losses in financial downturns. What implications does this have for mutually owned institutions, and what can they…
New Zealand Reserve Bank issues non-banking risk management standards
Daily news headlines
Delighted with deposits
Newcastle Building Society has been gradually building up its structured deposit business, including the launch of a new intermediary services arm in 2008. With the FTSE 100 index climbing and deposits backed by the government, the society is right to be…
UK speeds towards Basel II implementation
LONDON – Momentum is gathering at the UK’s Financial Services Authority (FSA) for the implementation of Basel II in the island nation.