One month into his reign, new Standard Chartered chief executive Bill Winters has restructured the bank's senior management, with a new 13-strong team reporting directly to him. Mr Winters has now effectively taken control of all areas of the business, sidelining deputy chief executive Mike Rees.
Barclays is reported to be planning to cut more than 30,000 jobs within two years as it seeks to accelerate a group-wide cost-cutting programme after sacking chief executive Antony Jenkins.
Meanwhile, according to Bloomberg, Barclays had the unenviable distinction of being the bank most visited by the UK watchdog last year. The Financial Conduct Authority visited the bank on 186 occasions in 2014, more than double the number of visits to the next bank on the list, HSBC.
Barclays continues to attract the attention of the regulator as the board sheds personnel in the wake of John McFarlane's appointment as chairman. An announcement last week that Sir Mike Rake would step down as deputy chairman by the end of the year was immediately followed by a call from the Bank of England requesting that Sir Mike remain on the board for longer to ensure stability at the bank.
Citing KPMG, the Guardian reports that the UK's major banks could struggle to ring-fence their retail banking operations by the January 2019 deadline because of the complexities involved.
Over the weekend, it was reported that China's government has issued guidelines to regulate internet finance. The guidelines clarify the division of responsibilities among the country's plethora of regulatory bodies.
Australia's Prudential Regulation Authority is to require banks to set aside 25 percent of their average residential home loan exposure from next July in a bid to ensure that they will be able to cope with a future crisis. Late last year, a review of the Australian financial industry recommended that risk weights rise to between 25 and 30 percent, the current requirement is 16 percent.
And as has been reported pretty much everywhere, Greek banks reopened this morning for the first time in three weeks.
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