Bloomberg One of Europe’s most senior banking regulators is switching sides to represent the region’s biggest lenders on policy issues, drawing criticism from lawmakers and advocacy groups. Adam Farkas, currently the executive director of the European Banking Authority (EBA), will become the head of the Association for Financial Markets in Europe, the industry group said in a statement. The EBA …

Bloomberg Bank of Japan (BOJ) officials think lowering the negative interest rate, if they chose to do so in the coming months, wouldn’t backfire in financial markets because investors are aware of the possibility, according to people familiar with the matter. While most officials wouldn’t be drawn on when the BOJ might act, some of the officials see little need …

Bloomberg A plan to establish the world’s largest green-energy financing initiative is being threshed out in South Africa, which needs to reduce its environmental footprint and find innovative ways to fund debt-stricken state power utility Eskom Holdings SOC Ltd. The plan being formulated by Meridian Economics, a Cape Town-based think tank, is under consideration by the government. It envisions the …