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Polish central bank questions lenders’ will to resolve FX loans

Bloomberg Poland’s central bank governor questioned the determination of commercial lenders to resolve their foreign-currency loans, saying there’s almost a zero percent chance of the industry working together to finalise out-of-court settlements. The central bank withdrew its observer from negotiations to iron out the deal, proposed by the financial regulator, and doesn’t have any ownership over the process, Governor Adam ...

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ECB quizzes banks over exposure to Greensill: FT

Bloomberg European Central Bank (ECB) supervisors have asked banks for details about outstanding loans to Greensill Capital and its client GFG Alliance, the Financial Times reported. Regulators are asking for the details as they try to determine whether the crisis is contained, report said. One person told the FT that the move was standard and did not reflect heightened concern. ...

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China’s key stock index enters correction on valuation worries

Bloomberg China’s main stock benchmark entered a correction on Monday, on concerns about liquidity conditions and lofty valuations in some of the recently favoured stocks. The CSI 300 Index falls 3.5% on Monday, piercing through its 100-day moving average and putting losses from its recent February 10 peak to 13%. Meanwhile, the nation’s ChiNext index, a gauge of small-cap stocks, ...

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