Financial Regulatory Forum

UK’s Darling says banks to face tougher regulation

Britain's Chancellor of the Exchequer Alistair Darling     LONDON, July 4 (Reuters) – British finance minister Alistair Darling said “kamikaze” bankers brought the financial system to the point of collapse and regulators would get new powers to probe banks’ affairs.

UKFI to outline bank stake sale plan Thurs-paper

Lloyds and Royal Bank of Scotland  LONDON, July 5 (Reuters) – The body in charge of Britain’s stakes in Lloyds Banking Group and Royal Bank of Scotland Group, will this week downplay expectations of a quick sale of the shareholdings, according to The Sunday Telegraph.

Bank bail-outs promote ‘deglobalisation’-WTO chief

Pascal Lamy    LONDON, July 6 (Reuters) – Government bail-outs of the world’s big banks pose a threat to free trade, Pascal Lamy, head of the World Trade Organisation (WTO), told the Financial Times newspaper in an interview on Monday.

US FDIC proposes tough private equity guidelines

   By Karey Wutkowski and Paritosh Bansal
   WASHINGTON/NEW YORK, July 2 (Reuters) – Private equity groups seeking to buy failed U.S. banks would have to maintain very high capital levels and remain owners for three years under tough guidelines proposed on Thursday that some bank regulators fear could deter needed investment.

Private equity slams proposed banking rules

   By Megan Davies
   NEW YORK, July 2 (Reuters) – Private equity investment in troubled banks will be deterred and curbed by stringent guidelines proposed by U.S. bank regulators, executives and an industry body said on Thursday.

S.Korea scrutinises bank M&A financing practices

Daewoo Centre Building, former Daewoo Group headquarters, which is being remodeled by Daewoo Engineering & Construction, is seen in Seoul June 29, 2009. South Korea's Kumho Asiana Group said it had decided to put Daewoo Engineering & Construction up for a sale to ease investors worries about its liquidity.   REUTERS/Lee Jae-Won (SOUTH KOREA BUSINESS)    SEOUL, July 2 (Reuters) – South Korea has started looking into banks’ practice of participating in mergers and acquisitions deals as financial investors, an official said on Thursday, signalling a possible measure to limit M&A financing.

New York plan to offer bank shelf charters on hold

   By Paritosh Bansal
   NEW YORK, July 1 (Reuters) – A New York plan to offer pre-approved bank charters is on hold after a bill did not make it through the state’s legislature, in a setback to private equity and other investors looking to buy banks.

ANALYSIS-Small US banks fear new regulations may be costly

First Savings  Bank of Perkasie   By Chavon Sutton
   NEW YORK, June 30  (Reuters) – Community banks that avoided the excesses of the lending boom and survived the financial crisis without too much trouble are now increasingly worried that they will get penalized by the U.S. government’s regulatory crackdown.

Supervisor rejects big overhaul of Basel bank rules

    LONDON (Reuters) – Basel II rules will remain the banking industry’s core guide to determining capital charges with only incremental changes expected to reflect lessons from the credit crunch, a top banking supervisor said on Tuesday. (more…)

UK’s FSA warns banks of trading book capital hikes

  By Huw Jones   Adair Turner, chairman Britain's Financial Services Authority

  LONDON (Reuters) – Britain’s banks will have to set aside far larger amounts of capital to cover trading risks in future, the country’s top financial watchdog said on Tuesday in a move backed by Europe’s top bank. (more…)