The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

Quotes of the Month

"Scaling down an investment bank, particularly its derivatives positions, is a bit like shutting down a nuclear reactor. That’s something you do only very slowly and by keeping all your best and highest-paid engineers to do it"

Kiri Vijayarajah, banks analyst at Barclays, on the difficulty for UBS in executing its much-trumpeted reorganization

(see Reshaping UBS)

"Where there was delay it was mainly a result of the difficulty of coordinating so many players on the official side. I don’t think there was any question that on the private side there wasn’t any willingness to face reality and accept a haircut, which got bigger and bigger as time moved on"

Robert Gray, chairman, debt finance and advisory, HSBC in London, which advised the Greek government on its 2012 €206 billion debt restructuring, says the crucial deal could have been expedited sooner, to the benefit of Greece, the European banking sector and the eurozone, had the Troika been better organized 

(See Deals of the year )

"The shift in the LCR is not pro-bank or anti-bank. It is pro-reality. It looks like reality is now playing a role in shaping the rules at Basle"

Wayne Abernathy, executive vice-president for financial institutions policy and regulatory affairs at the American Bankers Association, suggests that the changes to the leverage coverage ratio could presage a broader unravelling of Basle III.

(see Critics see regulatory capture in new LCR)

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree