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PBOC adopts mid-term credit tool as old benchmark fades away

  Bloomberg China is increasingly managing the flow of credit with more finely-tuned instruments than its old method of changing how much of their deposits lenders must keep locked away. Banks’ required reserve requirements haven’t changed for almost a year. Instead, the central bank has used short-term lending channels to add almost six times as much funding than would have ...

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Oz banks’ mortgage lending standards improved

  Bloomberg Australian banks have ‘appreciably improved’ their mortgage-lending standards, the nation’s regulator said, as it left the amount of additional capital banks are required to hold as a buffer against the build-up of credit risk at zero. The pace of lending to property investors is currently at around half of the regulator’s recommended levels, and higher-risk mortgages had fallen, ...

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Bank bosses prep plans to flee UK as May signals hard exit

  Bloomberg Finance executives say they are preparing for the worst on Brexit as Prime Minister Theresa May signaled she plans to pull the UK out of the European single market. “If you don’t know where you are going, you have to plan for the worst and execute faster,” HSBC Holdings Plc Chairman Douglas Flint said in a speech at ...

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