Argentina enacts law restructuring government debt

Argentina's Congress has approved legislation to restructure the country's debt and sidestep a US court ruling that recently pushed the government into its second default in 13 years.

EU banks watchdog backs keeping low capital charges on covered bonds

(Reuters) - European Union banking regulators has backed maintaining a low capital treatment for top quality covered bonds against the risk of default, a recommendation Denmark and other major players in the 2.8 trillion euro global market will welcome.