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Banks may be protected from a direct hit, but they have invested in vehicles that include such loans, potentially exposing them to defaults.March 11
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Regulators are alarmed about banks' rising exposure to high-risk corporate credits and want more data on how they would perform in a recession.February 11
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States are just beginning to regulate cryptocurrency as a credit collateral for lenders. More can be done.September 30
PartnerMilbank LLP
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Members of the House Financial Services Committee cited leveraged lending, cybersecurity and the switch to a new interest rate benchmark among potential systemic risks that keep them up at night.September 25
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Federal Reserve Chairman Jerome Powell says the agency is closely monitoring leveraged lending risks, but suggests further regulations on banks aren’t warranted.June 19
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Although higher corporate debt could hurt the economy, Federal Reserve Chair Jerome Powell argued changes made since the last crisis will guard against a meltdown.May 20
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An industry working group might seek legislation to eliminate the need for investor consent in the shift to a new benchmark interest rate. But any legislative fix is almost certain to be challenged because choosing an alternative to Libor will inevitably favor one party in a transaction over another.April 21
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CEO Corbat says “thousands” of call center jobs may be lost; Barclays shareholder sells all stock in the bank and Deutsche’s biggest slashes its stake.February 19
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The Fed wants more information on Treasury and mortgage-backed securities; will overlook compliance failures resulting from pilot programs.December 4
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The Federal Reserve is getting more concerned about risks from the leveraged loan market, with a key official saying it's now taking a "closer look" at whether banks are chasing deals without adequately protecting themselves against losses.October 24
