Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios
Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
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Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
South Korea’s top financial watchdog attempted to revive optimism over the nation’s corporate reform initiatives to investors in New York while soothing concerns over the short-selling ban.
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Aug 23, 2016
BNN Bloomberg
,Toronto Mayor John Tory called for a more “robust” relationship with provincial and federal governments in addressing housing affordability concerns, even as Finance Minister Bill Morneau said Ottawa is still studying possible housing measures.
“There’s been some initial investment made in [housing affordability and public housing in Toronto] since the government changed in Ottawa,” Tory told reporters in Toronto, “but more needs to be done.”
At the same event on transit funding, Morneau said that Canada remains “very focused” on housing market stability and that affordability is a “huge area of concern.”
He added that the federal government is “considering measures that are more federal in nature.” While Ottawa will discuss measures with its provinicial and municipal counterparts, Morneau said other levels of government have their own ability to make decisions.
Morneau announced in June that the Liberal government would set up a working group of federal, provincial and municipal officials to recommend policy changes aimed at preventing a housing bubble.
At the end of July, British Columbia unveiled a new 15 per cent property transfer tax on foreign buyers in Vancouver, amid concerns that rampant speculation was driving prices out of reach for many residents.