The European Banking Authority (EBA) published today its sixth report of the Basel III monitoring exercise on the European banking system. This exercise, run in parallel with the one conducted by the Basel Committee on Banking Supervision (BCBS) at a global level, allows the gathering of aggregate results on capital, liquidity (liquidity coverage ratio (LCR) and net stable funding ratio (NSFR)) and leverage ratios for banks in the European Union (EU). . .
EU commissioner warns of further action against banks paying shares and allowances as UK sets out its case against cap . . .
Bonuses for Britain’s bankers and insurance workers rose at double the pace of those for the total workforce last year, despite politicians’ and regulators’ attempts to clamp down on bumper payouts at financial firms. . .
Citigroup Inc. has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times reported, citing several people. . .