* European Commission officials are considering revising the eurozone's budgetary rules to soften debt reduction requirements for struggling economies and make them easier to enforce, the Financial Times reported, citing an internal EU document. Brussels reportedly intends to modify the rules within the first 12 months of the new commission headed by Ursula von der Leyen, who takes over from Jean-Claude Juncker in November.
* The German central bank is leading a review of central banks' efforts to support sustainable investments and analyze the potential economic consequences of climate change that could impact on the global financial system, Bloomberg News reported. The Bundesbank is working with its peers to draft a handbook that sets out the role of monetary authorities in promoting the greening of financial markets and is expected to publish it in October.
UK AND IRELAND
* U.K. Prime Minister Boris Johnson said he was slightly more hopeful about the prospects of agreeing on a new Brexit deal with the EU but warned that any breakthrough in negotiations may not come until the Oct. 31 deadline when Britain officially leaves the bloc, the FT reported.
* Meanwhile, British Labour Party leader Jeremy Corbyn wrote in The Independent that his party is prepared to consider all options to prevent a no-deal Brexit and called on other opposition parties to establish a good working arrangement to block Johnson's plans.
* U.K. online mortgage marketplace LendInvest Ltd.
* British financial consultancy firm Lane Clark & Peacock LLP is understood to be one of the bidders for audit firm KPMG's pensions advisory division, sources told Sky News. A number of trade and financial firms are also interested in the unit, which reportedly has a price tag of roughly £200 million.
* Bank of Ireland Group Plc
GERMANY, SWITZERLAND AND AUSTRIA
* Deutsche Bank AG's
* Allianz Group
* The German unit of Sweden's Skandinaviska Enskilda Banken AB, SEB AG, is expanding its business and is setting up a corporate finance team in Frankfurt, Börsen-Zeitung wrote.
* The Swiss Financial Market Supervisory Authority issued banking and securities dealers' licenses to Zug-based SEBA Crypto AG
* Patrik Läser, global head trust management and global head life insurance at Credit Suisse Group AG, has been appointed CEO of Liechtenstein-based Bank Alpinum AG, effective Sept. 16, succeeding interim CEO Jürgen Bewernick, who will leave the bank, Finews wrote.
* Anglo Austrian AAB Bank AG, the successor of Meinl Bank AG, agreed to pay €36 million to settle claims of about 4,000 investors of former subsidiary Meinl European Land Ltd. which was accused of violations of reporting obligations and incorrect advice, Der Standard wrote. Die Presse also has a report.
FRANCE AND BENELUX
* Steven Clausing, COO of Dutch online bank BinckBank NV, will step down from the company's board Sept. 1.
SPAIN AND PORTUGAL
* Banco Santander SA
* The business of nonperforming loans is growing in Portugal, but the sector still lacks regulations, Jornal de Negócios wrote. Debt recovery companies have around €21 billion in AUM, up 52% from the previous year.
ITALY AND GREECE
* Italy's ruling 5-Star Movement and the center-left Democratic Party looked closer to reaching a deal on forming a new government after the latter dropped a veto on Giuseppe Conte serving a second term as prime minister, Reuters reported.
* Greek Finance Minister Christos Staikouras told lawmakers that he will submit legislation to lift the remaining capital controls in Greece, effective Sept. 1, as the country's economic recovery continues following multiple international bailouts since 2010.
* Bank of Cyprus Holdings PLC
NORDIC COUNTRIES
* Swedbank AB (publ) Chairman Göran Persson criticized calls to impose additional tax on Swedish banks, Dagens Industri wrote. In a TV interview, the former Swedish prime minister said a recession might happen, but that interest rates will continue to stay low, thus putting the margins of many banks under pressure.
* Jesper Berg, head of the Danish Financial Supervisory Authority, said the regulator's board will decide in the late summer months whether to report Danske Bank A/S
* Danish pension funds JØP and DIP, which are in the process of merging, will exclude from their investment portfolios seven companies that base their business models on oil derived from oil sands, according to FinansWatch.
EASTERN EUROPE
* The Hungarian central bank is expected to maintain its overnight deposit rate at negative 0.05%, according to a Bloomberg survey of economists. The regulator is also expected to leave its unconventional policy setup unchanged ahead of a scheduled review in September.
* Czech building savings bank Českomoravská stavební spořitelna as
* The Russian central bank tweaked its methodology for calculating debt burden of borrowers for unsecured consumer loans longer than five years to prevent local lenders from bypassing new rules that will be introduced from Oct. 1, RBC reported. Under the new rules, banks will have to calculate debt burden of borrowers when issuing unsecured consumer loans, with the new indicator to influence the size of capital add-ons that they are required to hold on such loans.
* The shares of BNP Paribas SA's Polish unit BNP Paribas Bank Polska SA could be included in Poland's mWIG40 index after the Polish stock exchange operator Giełda Papierów Wartościowych w Warszawie SA completes its revision in September, news agency PAP wrote. MWIG40 tracks 40 medium-sized companies included in GPW's main list.
IN OTHER PARTS OF THE WORLD
Asia-Pacific: Japan megabanks MOUs; Orix bank sale talks; India central bank surplus transfer
Middle East & Africa: Nigeria sets bad-loan limit for banks; South Africa's JSE in 224.5M rand deal
Latin America: BancoEstado's Q2 profit soars 84.6%; BTG targeted in Lava Jato probe
North America: Verisk in deal; CFPB blasted over payday rule; Maine Harvest FCU gets charter
Global Insurance: Lufax exit plan; RBS, Santander hit over payment protection; Allianz Brazil buy
Deza Mones, Arno Maierbrugger, Meike Wijers, Esben Svendsen, Beata Fojcik, Heather O'Brian, Brian McCulloch, Praxilla Trabattoni and Mariana Aldano contributed to this report.
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