(Bloomberg) -- Welcome to Thursday, Europe. Here's the latest news and analysis from Bloomberg Economics to help get your day started:
- The European Union's overhaul of bank capital rules shows it's forgetting some of the lessons of the financial crisis, according to Daniele Nouy, head of the European Central Bank's supervisory arm
- ABN Amro said their preference for who should succeed European Central Bank President Mario Draghi is one of the people most closely involved in his current policy making
- The Bank of Canada toned down some of its enthusiasm about the economic outlook amid a crisis in the nation's oil sector and kept interest rates unchanged
- On trade, China's former central bank governor Zhou Xiaochuan is optimistic about the tariff truce, saying it highlights a mutual desire to reduce tensions
- Bloomberg Economics' Yelena Shulyatyeva reckons the drag from a stronger dollar will drive 2019's U.S. export outlook, not tariffs
- Still, trade friction is the biggest risk now and the Bank of Japan is closely monitoring its effects, Governor Haruhiko Kuroda told lawmakers
- On the policy front, Japan appears determined to embrace a leading role in making international trade rules, Economy Minister Toshimitsu Motegi said at Bloomberg's The Year Ahead conference in Tokyo
To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net
To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Henry Hoenig
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