Stress-testing is an important tool in developing a complete picture of an institution’s liquidity risk profile. What constitutes a good stress test is, however, not universally clear. . .
The European Union’s competition authorities should resist a challenge by European Central Bank President Mario Draghi to the imposition of bondholder losses at banks that receive public aid, two senior EU lawmakers said.
Deutsche Bank has widened an internal probe into possible manipulation of the Libor benchmark interest rate after discovering a new chatroom where traders may have colluded, a source familiar with the matter said on Monday. . .
Current and former executives at Barclays Plc knew that the bank submitted lower-than-accurate Libor rates as early as 2007, according to transcripts of conversations between executives cited in a U.K. court case. . . .
The Serious Fraud Office has written to 22 individuals to tell them they are facing investigation for potential Libor rigging, a London court heard on Monday. . .
http://hereisthecity.com/2013/
The head of the Co-op Group has confirmed that the mutual organisation will lose overall control of the Co-op Bank as a result of a rescue deal. . .
The European Central Bank is today publishing a report on the results of the September 2013 qualitative survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets (SESFOD). The survey is conducted four times a year, covering changes in credit terms and conditions over the three-month reference periods ending in February, May, August and November . . .
http://www.ecb.europa.eu/press/pr/date/2013/html/pr131014_1.en.html
JPMorgan’s third-quarter earnings saw a lot of firsts for the bank, including, for the first time in eight years, that the bank posted a loss. . .
http://hereisthecity.com/2013/10/12/jpmorgan-sees-some-ugly-firsts-with-earnings/