Beijing / Bloomberg The People’s Bank of China (PBOC) should gradually adjust the amount of deposits that lenders lock away as reserves in accordance with the nation’s international balance of payments situation, according to economists at the central bank. The required reserve ratios (RRR) for commercial lenders should be raised or lowered to meet the country’s macroeconomic demands, researchers led ...

Cernobbio / Reuters The chairman of France’s second-biggest retail bank is more worried about Europe’s banking sector now, in some ways, than when he took the reins at BPCE bank during the depths of the global financial crisis in 2009. Francois Perol said on the sidelines of an economic conference in Italy that negative interest rates in the euro zone ...

Bloomberg Sam Woods, a former UK Treasury official, was appointed as Deputy Governor for regulation at the Bank of England (BOE), replacing Andrew Bailey. Woods — who will continue as the central bank’s executive director of insurance until the end of June — becomes Chief Executive of the Prudential Regulation Authority, the UK’s main banking supervisor, the Treasury in London ...