* Steven Maijoor, chairman of the European Securities and Markets Authority, said the regulator will conduct tougher systemic-risks tests on asset managers, the Financial Times reports. Maijoor also called on policymakers across Europe to reassess their shared oversight of global clearing houses, which he said is another sector that is critical to market stability.
* The Central Bank of Ireland will "reprioritize" applications of firms looking to relocate to the country as part of the government's efforts to lure financial services firms after the U.K.'s vote to leave the EU, the Irish Independent writes.
* French Finance Minister Michel Sapin met with executives of the largest U.S. banks in October to persuade them to relocate to Paris post-Brexit, the Financial Times reports.
* Deutsche Bank AG CFO Marcus Schenck tells Welt am Sonntag that he does not believe any other city could replace London as the most important financial hub in Europe after Brexit.
* U.K. bank bosses including Barclays Plc Chairman John McFarlane and Santander UK Plc Chairman Shriti Vadera have initiated lobbying efforts to persuade international banks to put on hold plans to shift their operations out of London in a bid to limit the impact of Brexit on the city's status as a leading financial hub, The Telegraph reports.
UK AND IRELAND
* HSBC Holdings Plc is cutting around 100 senior bankers at managing director and director level in its global banking and markets division, insiders tell Reuters.
* Meanwhile, HSBC agreed to pay around £4 million in compensation to thousands of customers who were overcharged for debt collection after falling behind on repayments.
* A consortium led by Sustainable Development Capital called on the British government to consider its proposal to acquire UK Green Investment Bank Plc amid speculations that ministers were considering plans to float the bank instead of pursuing a controversial sale to Australian lender Macquarie Group Ltd., The Times reports. An IPO could value UK Green Investment Bank at nearly £4 billion.
* Lloyds Banking Group Plc's recent technical glitch was the result of a cyberattack by an international gang that targeted some of the U.K.'s biggest banks, the Financial Times reports. The attack left many of the bank's customers unable to access their accounts online for more than two days.
* Meanwhile, David Oldfield, head of Lloyds' retail division, said he is targeting consumer lending and highlighted credit cards as one of the key areas of growth for the business, the Financial Times writes.
* The possibility of the Irish government conducting a sale of Allied Irish Banks Plc's shares in the first half of the year has increased following the recent surge in the value of the lender's riskiest bonds, analysts tell The Irish Times.
* Aviva Plc has entered into an agreement with Hillhouse Capital and Tencent Holdings Ltd. to develop an insurance company in Hong Kong that will focus on digital insurance. As part of the agreement, Hillhouse and Tencent will acquire 40% and 20%, respectively, of Aviva Life Insurance Co. Ltd.'s shareholdings.
GERMANY, SWITZERLAND AND AUSTRIA
* The EU still has concerns about the proposed merger of Deutsche Börse AG and London Stock Exchange Group Plc, arguing that even though the latter sold its French clearing unit LCH.Clearnet Group Ltd. to Euronext NV, the merger would leave too little competition on the clearing market, Bloomberg reports.
* Germany's financial market supervisory authority Bafin will drastically tighten bonus regulations for large banks as of March 1. In the future, banks with a balance sheet total of more €15 billion will be obliged to reclaim paid-out bonuses up to seven years later if business developed less well than anticipated and/or executives grossly violated internal or external regulations, Handelsblatt writes.
* Commerzbank AG wants to add 10,000 new SME customers to its existing client base of 60,000, the bank's managing director for corporate clients, Michael Reuther, tells Börsen-Zeitung.
* A South Korean court ordered Deutsche Bank to pay about $7.3 million in investor compensation in a case of alleged manipulations of prices of equity-linked securities in 2007, The Korea Herald reports.
* UniCredit Bank Austria AG sold its real estate subsidiary BAI Bauträger Austria Immobilien GmbH to property investment firm Signa Holding GmbH and a group of investors led by former Austrian Federal Railways CEO Martin Huber, Die Presse says, citing a story to be published in the February edition of monthly magazine Trend.
FRANCE AND BENELUX
* Société Générale SA agreed to pay a $50 million civil penalty to resolve claims pertaining to the marketing, sale and issuance of a residential mortgage-backed security.
* Crédit Agricole SA will record a €491 million goodwill impairment charge on its retail unit LCL in its 2016 annual accounts, Les Echos reports. The bank, which is due to report its annual results Feb. 15, said this charge would not affect its 2016 dividend. L'Agefi also reports.
* The CEO of Amsterdam Trade Bank NV, Harris Antoniou, tells Het Financieele Dagblad that the Dutch lender will be able to grow in 2017 and make a profit "for the first time in years."
SPAIN AND PORTUGAL
* Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA, CaixaBank SA, Bankia SA, Banco Popular Español SA and Banco de Sabadell SA will are expected to see their combined full-year 2016 net profit decrease 10.5% to €10.09 billion from €11.28 billion in 2015, Expansión writes.
* Portuguese President Marcelo Rebelo de Sousa ruled out the possibility of breaking up state-rescued lender Novo Banco SA bank, Jornal Económico writes.
* Portugal's largest listed bank, Millennium BCP, has contacted Portuguese investors including prominent businessman Américo Amorim to invite them to participate in its €1.33 billion share issue to give "a better balance" to the shareholder structure, Público reports.
ITALY AND GREECE
* Bank of Greece SA's full-year 2016 net profit amounted to €1.09 billion, down from €1.16 billion a year earlier, while the proposed gross dividend per share remained unchanged year over year at 67.2 cents.
* An Italian prosecutor has demanded jail sentences for five current and former managers at S&P Global Ratings, formerly Standard & Poor's Ratings Services, for alleged market manipulation related to a 2011 downgrade of Italy's sovereign credit rating, Reuters says.
* Generali General Manager and CFO Alberto Minali is close to leaving the Italian insurer, Il Sole 24 Ore reports.
* Banca Monte dei Paschi di Siena SpA has begun activities to issue bonds with state guarantees, Reuters reports. Meanwhile, shareholders of bank rescue fund Atlante, which had previously been expected to play a major role in the disposal of Monte dei Paschi's bad loans, are no longer keen on doing so now that the Italian state will take a majority stake in the lender, Il Sole 24 Ore writes.
* Banco BPM SpA sold a bad-loan portfolio with a nominal value of €641 million to Hoist Finance AB (publ) vehicle Marte SPV, Reuters writes.
* A possible merger between Credito Valtellinese SpA and BPER Banca SpA could become a three-way tie-up involving Unipol Banca SpA, Corriere Economia writes.
* Banca d'Alba has decided to join the cooperative credit group to be led by Iccrea Holding SpA, says Il Sole 24 Ore.
* DNB ASA is gradually pulling out of some banking markets in Asia, Russia and the Baltics, Dagens Næringsliv reports.
* Swedish payment services provider and online bank Klarna is about to launch a share issue to finance the acquisition of its German competitor BillPay, which is owned by Britain's Wonga, Breakit reports. The size of Klarna's share issue has not been announced.
* The Moscow Exchange completed the first stage of its listing reform, as the result of which 20 companies will be moved to lower level lists as of Jan. 31 because they failed to meet certain requirements, Kommersant reports. One of the affected companies is Vozrozhdenie Bank, which will be moved from the level 1 list to the level 2 list.
* Vnesheconombank will finally publish its strategy this week, Vedomosti says. The bank will reportedly focus its lending activities on four main areas, including infrastructure, industry, high technologies and exports. VEB plans to issue 80 billion Russian rubles to 100 billion rubles worth of loans in 2017 and will raise that figure to around 300 billion rubles per year in the coming years.
* The Russian central bank revoked the licenses of COMMERCIAL BANK Talmenka-bank (LLC) and Sirius Bank because of asset-quality issues and failure to comply with Russian anti-money-laundering legislation, Vedomosti reports.
* PAO Sberbank of Russia's management board deputy head Vadim Kulik is set to leave his post following the redistribution of powers among the lender's top managers, Kommersant reports.
* Euroins Insurance Group LLC unit Euroins agreed to acquire a nonlife insurance portfolio from Piraeus Bank SA subsidiary ATE Insurance Romania, SEENews says. Details about the transaction were not disclosed.
* UniCredit Bank Hungary Zrt. plans to sell a nonperforming mortgage loan portfolio to Czech debt collection company APS Holding, Reuters reports, adding that the transaction is in its final stages.
IN OTHER PARTS OF THE WORLD
Asia-Pacific: Fairfax Financial to sell Indian JV stake; Mizuho may move UK biz amid Brexit
Middle East & Africa: More banks report Q4'16 results; Saudi Arabia cash crunch over?
Latin America: Fitch downgrades Costa Rica; Chile cuts benchmark rate
North America: Trump becomes 45th US president; Sen. Warren reaches out to banks
North America Insurance: GOP governors voice concerns over ACA repeal; CMS denies extension to KanCare
NOW FEATURED ON S&P GLOBAL MARKET INTELLIGENCE
Data Dispatch Europe: Nonperforming exposures still weigh on Greek banks: Nonperforming exposures continue to eat up space on balance sheets of the "'big four" Greek banks. But meaningful sales of loan portfolios are unlikely to happen until 2018 or 2019, analysts say.
Tryg CEO pledges to hold fire on M&A deals: Tryg CEO Morten Hübbe pledged to hold his fire on M&A deals in 2017 as the company shifted to quarterly dividend payouts.
David Hutter, Arno Maierbrugger, Danielle Rossingh, Esben Svendsen, Beata Fojcik, Thanasis Kakalis, Ali Kayalar, Yael Schrage, Stephanie Salti, Praxilla Trabattoni and Helen Popper contributed to this report.
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