U.S. financial regulators have taken a significant step in completing the last component of the original liquidity standards laid out by the Basel Committee with the proposed rule on the net stable funding ratio.
Financial Regulatory Forum
By Henry Engler, Compliance Complete
NEW YORK, Sept. 24 (Thomson Reuters Accelus) – What was once a more consultative relationship between JPMorgan and its regulators has turned into an environment of aggressive demands to reshape the banking giant, say bankers.
By Justin O’Brien, Thomson Reuters Accelus contributing author
LONDON/NEW YORK, Aug. 31 (Thomson Reuters Accelus) – Despite the lack of commentary from either the White House or federal executive agencies, the Standard Chartered investigation — and the manner in which it was handled — is certain to reignite the festering feud over how to regulate finance. Absent the physical bloodshed, the power struggle for control of banking regulation and how to change its culture finds remarkable parallels in Macbeth, the classic Shakespearean tale of political infighting. As with Banquo’s Ghost, the spectre of Eliot Spitzer and his battles with federal counterparts over the purpose of regulation looms large. (more…)
(James Saft is a Reuters columnist. The opinions expressed are his own)
By Jim Saft
HUNTSVILLE, Ala., May 25 (Reuters) – With tax credits for house buyers gone and tough new banking regulations on the way, expect lending in the United States to come under significant pressure.
BERLIN, Jan 20 (Reuters) – The Group of 20 economic powers needs to develop a set of rules to prevent banks becoming so big that they can hold governments to ransom, German Chancellor Angela Merkel said on Wednesday.
By Huw Jones
LONDON, Nov 4 (Reuters) – Britain said on Wednesday it expects a satisfactory deal on setting up new European Union watchdogs for banks even though a key decision by the bloc’s finance ministers is less than a month away.
By Kevin Drawbaugh
WASHINGTON, Oct 19 (Reuters) – Banks could not charge overdraft fees on cash-machine and debit-card transactions unless customers have opted in to an overdraft protection program, under a bill introduced in the U.S. Senate on Monday. (more…)
By Ros Krasny
CHICAGO, Sept 25 (Reuters) – Reforms that come out of the recent financial crisis should include enhancing the role of central banks in supervising financial firms, a top European Central Bank policy-maker said on Friday. (more…)
BASEL, Sept 7 (Reuters) – New global rules for bank oversight should help ease boom-and-bust cycles and prevent the build-up of asset bubbles, top central bankers said on Monday. (more…)