Category: banks

EU tells banks to be flexible over loan losses rule during epidemic

European banks have the flexibility to avoid a huge rise in provisioning for non-payment of loans during the coronavirus outbreak, the European Union’s securities and banking watchdogs said today.  Banks have warned they face mounting provisions as businesses and households they lent money to struggle to repay loans during the outbreak.  EU states have approved […]

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Banks urge EU to ease capital rules to fight coronavirus fallout

Europe’s banks have called on European Union authorities to ease capital rules and other regulatory barriers to helping businesses struggling because of the coronavirus epidemic.  The European Banking Federation (EBF) comprises national banking industry bodies from across Europe. It has set out a three-stage plan in a letter to the European Union, European Central Bank and […]

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New rules to require banks to open up their systems

New rules to require banks to open up their systems Your bank account is set to get more secure – and more open – once new European regulations come into force in September. The second Payments Services Directive aims to reduce fraud around online transactions. This will likely see consumers having to take more steps […]

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Fee increases will be critical for Irish banks – S&P

Fee increases will be critical for Irish banks – S&P Increasing fees and commissions will be critical for Irish banks in the coming years, in order to offset pressure on the difference between the amount of interest they earn versus what they pay out to those lending them money. That’s according to ratings agency S&P […]

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