BLOOMBERG  The People’s Bank of China’s (PBOC) relending programs have incentivised banks to allocate more loans towards green projects, Governor Yi Gang said. The relending programs provide cheaper funding to banks and at the same time promotes information disclosure by lenders, Yi said on a panel at the Boao forum in Hainan. One of the PBOC’s relending programs — focussed ...

BLOOMBERG  The Bank of England (BOE) warned the next blow up in financial markets may be triggered by corporate credit after a massive build-up in private debt over the past decade. Riskier corporate borrowing — including high yield bonds, leveraged loans and private credit — is “particularly vulnerable” to interest rate rises and “heightened geopolitical risks increase the likelihood of ...

BLOOMBERG  Japanese banks have little risk of facing a situation like Credit Suisse Group AG’s recent Additional Tier 1 (AT1) bonds wipeout, Japan’s finance minister reassured onlookers who may be concerned about their holdings. Finance Minister Shunichi Suzuki said in parliament that Japanese banks’ AT1s do not have a clause which recently triggered $17 billion worth of junior debt being ...