Benchmark reform creates opportunity for vehicles that flopped in the financial crisis
The bank's decision to split its personal and commercial banking divisions was one driver, as was simplifying work flows
Strong debt issuance, M&A expected to be revenue drivers in the quarter
Proposed principles aim to address growth of outsourcing, fintech
Decision follows similar delays by regulators in Europe, U.S.
Global revenues up driven by debt issuance, M&A advisory fees, LSEG reports
Standards to be published later this month and take effect in 2026
Measures to address securitization market failures reduced risk without curbing lending
As pledges to adopt recommendations climb, taskforce issues implementation guidance
Moderate price growth is forecast, and arrears is expected to rise slightly