Steven Arons
Team Leader, EU Finance at Bloomberg News
Team leader EU Finance at Bloomberg News but views my own. Retweets not endorsements. I block accounts that use inappropriate language. he/him
Articles
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1 week ago |
bloomberg.com | Steven Arons |Sonia Sirletti
The headquarters of the European Central Bank in Frankfurt, Germany. (Bloomberg) -- The European Central Bank has all but shut down a regulatory loophole heralded as a potential catalyst for a deal wave in asset management. The ECB’s supervisory arm recently opposed the application of an accounting treatment known as Danish Compromise in two takeovers pursued by euro area banks. That has put its use in doubt for similar transactions.
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1 week ago |
news.bloomberglaw.com | Steven Arons |Sonia Sirletti
The European Central Bank has all but shut down a regulatory loophole heralded as a potential catalyst for a deal wave in asset management. The ECB’s supervisory arm recently opposed the application of an accounting treatment known as Danish Compromise in two takeovers pursued by euro area banks. That has put its use in doubt for similar transactions.
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1 week ago |
bloomberg.com | Steven Arons
William Connelly(Bloomberg) -- Societe Generale SA has nominated William Connelly to succeed Chairman Lorenzo Bini Smaghi, who’s been in the role for a decade. The succession is expected to happen in May next year as Bini Smaghi will then “have completed his third term,” according to a press release late Thursday.
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2 weeks ago |
bloomberg.com | Noele Illien |Steven Arons
Nach Ansicht von UBS-Verwaltungsratspräsident Colm Kelleher würden die aktuellen Reformpläne der Schweiz die Kapitalanforderungen für die Bank dramatisch in die Höhe treiben. “Die Finma und die Schweizerische Nationalbank fordern zusätzliche Kapitalanforderungen, was ebenfalls zu einer Erhöhung der Kapitalanforderungen um 50% im Vergleich zu heute führen würde“, sagte Kelleher am Donnerstag bei der Generalversammlung der UBS in Luzern. Er bezeichnete die möglichen Maßnahmen als “extrem“.
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2 weeks ago |
news.bloomberglaw.com | Noele Illien |Steven Arons
UBS Group AG Chairman Colm Kelleher said current reform plans by Switzerland would dramatically push up the bank’s capital requirements, as he seeks to show that the move would effectively render the global firm uncompetitive. “Finma and the Swiss National Bank stipulate additional capital requirements, which would also lead to a 50% increase in capital requirements as compared to today,” Kelleher said at UBS’s annual general meeting in Lucerne, Switzerland, on Thursday.
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