Thursday 17 April 2014
 
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Basel

Basel reserves rule 'to hit smaller banks'

The international regulations demanding that banks increase their reserves over the next few years could see smaller institutions in the Middle East and across the developing world killed off, said Ithmaar Bank chairman Prince Amr Mohammed Al Fa

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Financing ‘critical issue for 2013 projects’

Contract financing will be a critical factor for project roll-outs worth $159 billion in the region as the banking sector adjusts new regulations and cuts back on long-term lending activity, said an expert. “Financing is a c

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Banks urge EU Commission to postpone capital rules

European banks have asked the European Commission to postpone the introduction of tougher global bank capital rules by a year to 2014 after US regulators told them they did not expect new regulations to take effect in 2013. The to

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Global banks demand tighter supervision

More than 100 countries support key changes to international bank regulation principles as a result of the global financial crisis, the Basel Committee of banking supervisory authorities said yesterday. "Drawing on lessons le

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Tough bank reforms would have cost $600bn

The world's biggest banks would have needed to find more than $600 billion if tough new capital rules to be phased in from 2013 had been in place last year, said an expert banking panel. The Basel Committee of global regulators said if the

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Agility gets pharma distribution certificate

Agility, a leading global logistics provider, has obtained the Good Distribution Practice (GDP) certification for its Pharmaceutical Competence Center (PCC) in Switzerland. The certification verifies that the processes and procedures imple

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Agility gets pharma distribution certificate

Agility, a leading global logistics provider, has obtained the Good Distribution Practice (GDP) certification for its Pharmaceutical Competence Center (PCC) in Switzerland. The certification verifies that the processes and procedures imple

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Jet Aviation names VP sales for EMEA, Asia

Jet Aviation, a leading global aircraft service company, has appointed Stefan Benz the new vice president MRO (maintenance, repair and operations) sales for the EMEA & Asia group. In this function, Benz leads all regional MRO sales dir

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Basel III to boost G20 economies by $13 trillion

New global banking rules will provide a long-term boost to G20 economies equivalent to 30 percent of gross domestic product, or 10 trillion euros ($13 trillion), Bank of Canada Governor Mark Carney said. Carney threw his support behind tou

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Europe shares hit highest since April; banks up

European shares gained on Monday, with a key index hitting its highest level since April, led by banks after global regulators eased the burden of the Basel III rules by giving banks a transition period to comply. The STOXX Europe 600 bank

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