Financial Regulatory Forum

Bernanke defends Fed small bank supervision role

March 18, 2010

   By Mark Felsenthal
   WASHINGTON, March 17 (Reuters) – Top U.S. central bankers present and past on Wednesday joined forces against a plan to strip the Fed of its oversight of smaller banks, saying the knowledge it gains from that role is vital to monetary policy. (more…)

UK move to limit bank branches irks global lenders

February 17, 2010

 By Kirstin Ridley

LONDON, Feb 17 (Reuters) – A quest by British regulators to protect local taxpayers by pruning the branches of global banks is riling the industry and risks running roughshod over a principle of free movement within Europe.

Bank reform may have $220 billion global capital hit – analysts

February 17, 2010

LONDON, Feb 17 (Reuters) – Top global banks will need an extra $221 billion of capital and see annual profits slump by $110 billion if all proposed regulations to reform the industry are brought in, leading analysts said on Wednesday.

Bank of England’s King says UK, US closer than EU on regulation

February 12, 2010
It's closer across the Atlantic

It's closer across the Atlantic

 (Updates with more quotes, details from report)

LONDON, Feb 12 (Reuters) – Britain and the United States are more convinced of the need to force banks to hold more capital than some big European nations, Bank of England Governor Mervyn King told the Council for Financial Stability last month.

US Stock exchange heads take aim at ‘Volcker rule’

February 9, 2010

By Jonathan Spicer

NEW YORK, Feb 9 (Reuters) – The heads of the top U.S. stock exchanges have poured cold water on the Obama administration’s plan to bar banks from proprietary trading.

Obama bid to rein in banks meets Senate resistance

February 5, 2010

By Kevin Drawbaugh

WASHINGTON, Feb 4 (Reuters) – The U.S. Senate on Thursday looked increasingly likely to adopt, at best, only a watered-down version of the Obama administration’s ambitious proposal to limit risky trading by banks.

S.Korea sees no need for US-style reform of banks

February 3, 2010

FINANCIAL/KOREA-CAPITAL    SEOUL, Feb 3 (Reuters) – It is not desirable for South Korea to adopt U.S.-style banking reforms because the local industry and markets are still small and in the developing stage, the head of the top financial regulator said on Wednesday. (more…)

China banks call back loans to satisfy regulators

February 3, 2010

CHINA   BEIJING, Feb 3 (Reuters) – Two of China’s biggest banks aggressively called back loans in the second half of January to fall into line with the government’s directive to slow lending, local media reported on Wednesday. (more…)

Major global banks split on regulation battle

January 29, 2010

By Lisa Jucca and Martin Howell

DAVOS, Switzerland, Jan 29 (Reuters) – The world’s top financiers are at odds about how to fight back against a global push for tougher financial regulation, with commercial and investment banks struggling to reach common ground.

INTERVIEW-UK’s Darling-breaking up banks not the answer

January 28, 2010

By Sumeet Desai

LONDON, Jan 28 (Reuters) – Breaking up banks and going it alone in reforming regulation is not the magic solution to avoiding future crises, British finance minister Alistair Darling told Reuters on Thursday.