Canadian Bankers Association said it will assess the new policy when revealed
European regulator said violations involved conflicts of interest
High interest rates, slowing growth pose major challenges
Highly-indebted countries could face a negative feedback loop
Regulator reluctant to intervene despite competition concerns
Financial strains continue amid high rates, but recession risk receding
Banks, insurers tend to benefit from higher rates even as financial stress builds, rating agencies say
Defaults expected to rise in early 2024 before easing in second half
Declining net interest income and rising credit stress to weigh on results in 2024
Disruption to key global shipping lanes has varied credit impacts, DBRS says