Post by mangomoney on Feb 9, 2017 21:39:26 GMT 7
Trump Is Helping Aussie Bank Dividends
That infamous weekend phone call between Donald Trump and Prime Minister Malcolm Turnbull notwithstanding, shareholders in Australian banks should be grateful for the U.S. president's appreciation of their dividend checks.
Even before Trump signed the executive order to review the Dodd-Frank banking regulations, expectations that big financial institutions worldwide would be given a longer regulatory leash were gaining ground. "A diluted, deferred" Basel IV regime is in the cards, Bloomberg Intelligence analyst Tomasz Noetzel noted in early January, after the world’s top regulators postponed a meeting to finalize the next set of rules on minimum capital.The powwow is superfluous now. With the president seeking more relaxed norms for U.S. lenders, it's doubtful if struggling European institutions and their harried supervisors will be in any mood to adopt harsher standards for themselves.Outside of Europe, the one place where this would bring palpable relief is Australia, which was worst-placed to deal with a further tightening of capital requirements, according to a Morgan Stanley analysis.
more...
www.bloomberg.com/gadfly/articles/2017-02-08/trump-is-helping-aussie-bank-dividends
That infamous weekend phone call between Donald Trump and Prime Minister Malcolm Turnbull notwithstanding, shareholders in Australian banks should be grateful for the U.S. president's appreciation of their dividend checks.
Even before Trump signed the executive order to review the Dodd-Frank banking regulations, expectations that big financial institutions worldwide would be given a longer regulatory leash were gaining ground. "A diluted, deferred" Basel IV regime is in the cards, Bloomberg Intelligence analyst Tomasz Noetzel noted in early January, after the world’s top regulators postponed a meeting to finalize the next set of rules on minimum capital.The powwow is superfluous now. With the president seeking more relaxed norms for U.S. lenders, it's doubtful if struggling European institutions and their harried supervisors will be in any mood to adopt harsher standards for themselves.Outside of Europe, the one place where this would bring palpable relief is Australia, which was worst-placed to deal with a further tightening of capital requirements, according to a Morgan Stanley analysis.
more...
www.bloomberg.com/gadfly/articles/2017-02-08/trump-is-helping-aussie-bank-dividends
