Latest news with #LincolnFeast
The Star
19-05-2025
- Politics
- The Star
Iran summons British diplomat over arrest of nationals in UK
DUBAI (Reuters) -Iran's foreign ministry summoned the British charge d'affaires in Tehran, state media reported on Monday, over the arrest of Iranian nationals and what it said were "false claims" levelled by Britain against the Islamic Republic. Earlier this month, British police arrested 7 Iranian nationals in two separate operations, with three men charged last week with engaging in conduct likely to assist a foreign intelligence service, in this case Iran. The three men were remanded in custody and will appear at a preliminary judicial hearing on June 6, while the other four men have been released from custody but still face an investigation. "The responsibility for the inappropriate effects of such actions, which appear to be motivated by political motives to exert pressure on Iran, will lie with the British government," state media quoted a foreign ministry official as saying. Britain's charge d'affaires was summoned on Sunday and requested to provide an official explanation regarding the reasons and legal bases for the arrest of Iranian citizens. The British government has placed Iran on the highest tier of its foreign influence register, requiring Tehran to register everything it does to exert political influence in the UK. (Reporting by Dubai Newsroom; Editing by Lincoln Feast.)
Yahoo
06-05-2025
- Business
- Yahoo
US banks modest use of risk transfers is credit positive, Moody's says
By Shankar Ramakrishnan (Reuters) -A very small proportion of U.S. banks have issued a complex product that enabled them to shed risk from loan portfolios and the relatively modest use of the products was a credit positive, Moody's Ratings said in a report after surveying 69 rated U.S. banks. In deals known as credit risk transfers, banks effectively buy insurance from hedge funds and other investors against the risk of losses from loans. They grew in popularity in 2022 as regulators proposed increases to capital requirements for large banks after the regional banking crisis and under the Basel III regulations that pushed banks to look for ways to improve their regulatory capitalization levels. Still only 15 out of 69 U.S. banks surveyed by Moody's issued CRTs and their use was relatively modest, reflected in a median capital benefit of a 25 basis point increase in the Common Equity Tier 1 (CET1) ratio - which measures the quality of a bank's assets, the report said. "More material increase of more than 1% would likely indicate an overreliance on CRTs and therefore be credit negative," it said. The total outstanding CRT balances for these banks exceeded $15 billion, referencing more than $150 billion in assets, it said noting issuance volume correlated with the size of the bank, which was also a credit positive. Of the 26 surveyed banks with assets of $100 billion or more, 11 (42%) have issued CRTs and of the 43 rated banks with assets less than $100 billion, only four (9%) have issued CRTs, it said. Banks completed only a few transactions, reflected in a median of three transactions and backed by high quality performing assets. The most active CRT issuers tend to be the global investment and universal banks, it said. CRT investors were also quite concentrated, with the largest investor holding around 40% of a bank's total CRT exposure and the top three investors holding around 80%. Most banks' CRTs had no more than 10 investors, the survey found. Most new CRT issuance in 2025 is likely to come from banks that have already engaged in such transactions and most of the survey respondents that had not already participated said they were unlikely to do so, said Moody's. (Reporting by Shankar Ramakrishnan; Editing by Lincoln Feast.)
