Financial Regulatory Forum

UK’s Darling: One set of positive data not enough

BRITAIN/   By Matt Falloon and David Milliken
   LONDON, Oct 21 (Reuters) – One set of encouraging economic data would not mean that a recovery is entrenched and the British government must keep borrowing to support growth, finance minister Alistair Darling said on Wednesday.
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G20 may blacklist regulatory havens – UK finance minister

Britain's Chancellor of the Exchequer, Alistair Darling, attends a news conference at the G20 Finance Ministers meeting, in central London September 5, 2009. ISTANBUL, Oct 3 (Reuters) – The Group of 20 major nations may blacklist countries that have lax financial regulation and impose sanctions on them, mirroring its crackdown on tax havens, Britain’s finance minister was quoted as saying.

“Just as we want to go after tax havens, we want to go after regulatory havens as well,” Alistair Darling told Emerging Markets magazine in an interview published on Saturday.

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UK’s Darling to force ‘living wills’ on banks – report

LONDON, Sept 15 (Reuters) – UK Finance Minister Alistair Darling plans to force the country’s banks to draw up ‘living wills’ that would allow them to be dismantled more easily in the event of another financial crisis, the Financial Times reported.

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G20 debates exit strategy, capital standards, IMF raises GDP outlook

U.S. Treasury Secretary Timothy Geithner (C) addresses a meeting at the G20 Finance Ministers summit in London September 4, 2009. G20 policymakers gather in London on Friday and are expected to promise to keep economic support packages in place until recovery is certain and seek to reassure financial markets they have credible plans to withdraw the stimulus when appropriate.  REUTERS/Kevin Coombs  By Sumeet Desai and Anna Willard
LONDON, Sept 4 (Reuters) – World finance leaders shifted their focus from crisis fighting to banking reform on Friday as evidence mounted that the worst global recession in decades was finally drawing to a close.

U.S. Treasury Secretary Timothy Geithner called for tougher new bank capital requirements aimed at curbing some of the risky lending practices that have been blamed for the crisis, a position supported by another global banking powerhouse, Britain.

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INTERVIEW – UK’s Darling backs U.S. bank capital plan

By Sumeet Desai and Matt Falloon
LONDON, Sept 4 (Reuters) – British finance minister Alistair Darling on Friday threw his weight behind U.S. proposals to strengthen the capital buffers of banks but said there were still differences of opinion among international policymakers.

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EU ministers pledge to end banker bonus party

Sweden's Finance Minister Anders Borg addresses a news conference during an European Union finance ministers meeting in Brussels September 2, 2009.     REUTERS/Francois Lenoir By Anna Willard
BRUSSELS, Sept 2 (Reuters) – European finance ministers pledged on Wednesday to clamp down on banker bonuses, raising the prospect of spreading such payouts over years or demanding back money if business turns sour.

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Britain’s central bank surprises with expanded easing

By David Milliken and Matt Falloon
LONDON, Aug 6 (Reuters) – The Bank of England took a far
bigger step than expected to boost Britain’s recession-hit
economy on Thursday, stunning markets by expanding its
quantitative easing plan to 175 billion pounds from 125 billion.

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UK business credit conditions better, lending costs scrutinized

By AnBritish finance ministerAlistair Darlingdy Bruce
LONDON, July 27 (Reuters) – British businesses are slowly finding it easier to raise funds from debt markets and bank loans, two surveys showed on Monday, a day after Britain’s finance minister said he was concerned about lending costs.  Companies were able to raise more finance from longer-term markets like corporate bonds in the second quarter, according to respondents in the Bank of England’s quarterly Asset Purchase Facility report, as liquidity and price transparency in the market improved. (more…)

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