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BNP Paribas selects Geggus to head Triparty Collateral Services. Andrew Geggus will take on the role in addition to his current position as global head of Agency Securities Lending https://lnkd.in/ejV7WZbt #SecuritiesLending #banking

BNP Paribas selects Geggus to head Triparty Collateral Services. Andrew Geggus will take on the role in addition to his current position as global head of Agency Securities Lending https://lnkd.in/e6v4sgm3 #SecuritiesLending #banking

Live in London! #TeamVersana is on the ground at the Loan Market Association (LMA) Conference in London. Booth 11 is buzzing about how our real-time data platform is transforming the corporate loan asset class – and the recent news of Barclays as a new investor and contributor of its agented data. Swing by to get a demo and meet the team! #DigitalTransformation #LMA #LoanMarkets #LeveragedFinance #CorporateLoans

Big moves: Old Mutual’s financial performance Soars as it prepares to venture into banking sector. Old Mutual is gearing up to make waves in the banking sector with the launch of its new bank “by the end of this year”. South Africa’s second-largest insurer applied for a banking licence in 2022. Last week, when the group presented its 2023 results, chief executive Iain Williamson said Old Mutual completed building the bank’s core functionality at the end of last year, “within budget and on time – it cost us R1.75 billion to stand up the capability”. Read the full article to get further insights on the financial performance in 2023: https://buff.ly/4aFflOq #OldMutual #annualresults #IainWilliamson #massmarket #valueofnewbusiness #lifesales #moonstoneinfo #moonstoneupdate #industrynews

Big moves: Old Mutual’s financial performance Soars as it prepares to venture into banking sector. Old Mutual is gearing up to make waves in the banking sector with the launch of its new bank “by the end of this year”. South Africa’s second-largest insurer applied for a banking licence in 2022. Last week, when the group presented its 2023 results, chief executive Iain Williamson said Old Mutual completed building the bank’s core functionality at the end of last year, “within budget and on time – it cost us R1.75 billion to stand up the capability”. Read the full article to get further insights on the financial performance in 2023: https://buff.ly/3vIHcy3 #OldMutual #annualresults #IainWilliamson #massmarket #valueofnewbusiness #lifesales #moonstoneinfo #moonstoneupdate #industrynews

BNP Paribas selects Geggus to head Triparty Collateral Services. Andrew Geggus will take on the role in addition to his current position as global head of Agency Securities Lending https://lnkd.in/evZyyptT #SecuritiesLending #banking

APRA Ends the Era of Bank Hybrids—Here’s Why It Matters APRA has just called time on bank hybrids, phasing them out by 2032. This bold move follows the collapse of Credit Suisse in 2023, revealing that these securities—often misunderstood by retail investors—pose too much risk for retail investors. What's next? Banks will now turn to Tier 2 bonds and more equity to protect against future crises. While this simplifies the capital structure and shields everyday investors, it could drive up funding costs and reshape investment options. For investors, the message is clear: change is coming. Adapt and stay ahead in this evolving landscape. https://lnkd.in/gxZmJvzd #Finance #Investing #APRA #MarketShift #BankingReform #FinancialPlanning

Several top banks in the UK, including NatWest, HSBC, Lloyds, and Santander UK, are coming together to discuss providing crucial interim funding for Open Banking Limited (OBL). This financial support is vital in fighting financial crime and ensuring consumer protection. Read more here: https://bit.ly/3J7gbru #OpenBanking #FinancialInnovation

The financial landscape is evolving rapidly, and credit unions are stepping up to the challenge. We recently sat down with Robert Kelly, 𝗖𝗘𝗢 𝗼𝗳 𝘁𝗵𝗲 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗕𝗿𝗶𝘁𝗶𝘀𝗵 𝗖𝗿𝗲𝗱𝗶𝘁 𝗨𝗻𝗶𝗼𝗻𝘀, and Lee Summers, Senior Commercial Banker at Arbuthnot Latham, to discuss how credit unions are navigating post-pandemic challenges and seizing new opportunities. From enhancing governance 💼 to managing lending risks 📈 and adapting to deposit outflows 📉, Robert shared his insights on what’s shaping the sector today. 🌐 Dive deeper into the conversation here: https://lnkd.in/e72XFUNA 𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄? Our Commercial Banking team recently launched a new Instant Access Savings Account 𝘦𝘹𝘤𝘭𝘶𝘴𝘪𝘷𝘦𝘭𝘺 for our credit union clients. Take a look here: https://lnkd.in/eQGpzdb5 #CreditUnions #FinancialServices #Innovation #Governance #EthicalBanking #Collaboration #DataAnalytics #DigitalTransformation #ArbuthnotLatham

End of CoCos Era: What It Means for Bank Capital and Private Credit Australia's APRA is phasing out $43 billion in bank hybrid securities, also known as contingent convertible bonds (CoCos) or enhanced capital notes (ECNs). These instruments, which convert into equity or get written off during financial stress, will be replaced with cheaper, more stable capital forms to enhance financial stability. APRA’s decision follows Swiss regulators' action to bail-in and force losses on investors in Credit Suisse hybrids following its merger with UBS in March 2023. Large banks will replace the 1.5 percentage points of hybrid or additional tier-one capital with 1.25 percentage points of more senior ranking tier-two bonds, and an additional 0.25 percentage points of common equity tier-one capital while smaller banks can replace their hybrid capital with tier-two securities. The transition period will begin on January 1, 2027 and all hybrids will be phased out by 2032. The $43 billion of existing hybrids will remain eligible as tier-one capital. Insurers can continue to issue hybrids. This shift could tighten bank lending margins, potentially increasing the attractiveness of private credit markets as banks adjust their capital structures. #PrivateDebt #PrivateCredit #CoCos #Hybridnotes #BaselIII #APRA