Briton Sanjay Shah is accused of defrauding the Scandinavian nation of $1.3bn
Ahead of the visit by Turkish President Recep Tayyip Erdogan on Thursday, the political attention in Greece turned to tax issues on Wednesday as the parties debated the government’s contentious tax bill, which will see the self-employed taxed based on a minimum income.
Investors start to look at investing in riskier asset classes after a strong November
Sectors remain vulnerable to ‘sharp revaluations’, says BoE’s financial stability watchdog
Greece’s seasonally adjusted (SA) GDP was essentially unchanged in Q3, rising by 0.02 percent quarter-on-quarter (QoQ), from 1.1 percent rise in Q2, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
Private equity-backed business hit by rise in staff and financing costs
Our Financial Policy Committee (FPC) meets to identify risks to financial stability and agree policy actions aimed at safeguarding the resilience of the UK financial system.
Lenders are ‘reluctant to disrupt’ relations with large CO₂ emitters
This article analyses the European crisis management framework for banks. It concludes that key areas for improvement are the crisis management options for small and medium-sized banks as well as preparedness for systemic crises. The European Commission’s reform proposal represents an opportunity to implement the lessons learned over the last decade.
This article summarises the existing evidence of window dressing and seasonality of data at year-end reporting time for global systemically important banks (G-SIBs). Window dressing and seasonality of data distort the outcome of a point-in-time reporting framework, resulting in misleading bank disclosures, mismeasurement of bank risk, inappropriate capital requirements and misallocation of capital. Reduced activity at certain points in time can also be detrimental to market functioning and has the potential to amplify shocks that coincide with period-ends.