Financial Regulatory Forum

Banks should help fund stability measures -Buba

February 22, 2010

    VIENNA, Feb 22 (Reuters) – Banks should contribute toward financial stability measures, but a blanket levy on total assets could worsen future crises, the vice president of Germany’s Bundesbank was quoted as saying on Monday. (more…)

Senators lift US financial reform talks back on track

February 12, 2010
Dodd snubs Shelby

Dodd snubs Shelby

   By Kevin Drawbaugh
   WASHINGTON, Feb 11 (Reuters) – In an unusual move that cut a senior Republican out of the loop, bipartisan U.S. Senate negotiations resumed on Thursday on financial regulation reform, a top priority of the Obama administration. (more…)

Regulatory cloud hangs over bank hybrid bonds

February 3, 2010

   By Jane Merriman
   LONDON, Feb 3 (Reuters) – European regulators want banks to boost their capital to protect against shocks but uncertainty about what type of hybrid bonds will qualify as Tier 1 capital is keeping a lid on new issues. (more…)

ANALYSIS-Europe’s banks face harsh reality of Basel III jolt

By Reuters Staff
February 2, 2010

By Steve Slater, European Banking Correspondent

LONDON, Feb 2 (Reuters) – New rules on bank capital will jolt the industry and could force European lenders to raise more cash and restrain returns, dividends and pay for at least the next two years, analysts and industry sources say.

Big banks’ risky trading should be curbed-Volcker

February 2, 2010

volcker 2 WASHINGTON, Feb 1 (Reuters) – White House adviser Paul Volcker will urge Congress to curb the risks taken by large banks to help prevent them from being treated as “too big to fail,” according to testimony obtained by Reuters on Monday.
Detailing a recent proposal known as “the Volcker rule,” the former Federal Reserve Chairman will tell lawmakers that commercial banks’ proprietary and speculative activities should not be protected by the government.
He will also urge international consensus on “appropriate” actions to restrict commercial banks’ activities.
Volcker — an adviser to President Barack Obama whose star has risen in recent weeks — will appear before the Senate Banking Committee on Tuesday to defend the administration’s latest proposal to rein in the banks.
In January, Obama proposed limiting commercial banks’ ability to engage in proprietary trading, to end their ties to hedge funds and private equity funds and to restrict the future growth of large banks beyond a new market share cap.
In his testimony, Volcker will say there are strong conflicts of interest inherent in participation by commercial banks in proprietary or private investment activity.
(more…)

ANALYSIS – Tough Basel rules to boost banks’ long-term allure

By Reuters Staff
January 26, 2010

By Dominic Lau

LONDON, Jan 26 (Reuters) – Stricter global banking rules will add to short-term headwinds facing European banks and hurt their shares, yet details being hammered out could make them more alluring for more risk-averse long-term investors.

Dutch to support U.S. bank plan, seek EU support

January 26, 2010

    AMSTERDAM, Jan 26 (Reuters) – Dutch Finance Minister Wouter Bos has backed the plan from U.S. President Barack Obama to limit the scope and size of banks and reduce their risk taking and will push to win support of the plan among EU leaders. (more…)

Obama plan could hurt U.S. banks-Swiss banker

January 25, 2010

   ZURICH, Jan 25 (Reuters) – U.S. President Barack Obama’s proposals to split traditional banking activities from riskier areas will harm U.S. banks without international co-ordination, a prominent Swiss banker said in Monday’s Financial Times. (more…)

Germany’s Merkel says G20 needs to act on big banks’ influence

January 20, 2010

Merkel warning    BERLIN, Jan 20 (Reuters) – The Group of 20 economic powers need 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. (more…)

UK finance executives worried by regulation – CBI

By Reuters Staff
January 19, 2010

LONDON, Jan 18 (Reuters) – London’s status as a world financial centre is at risk due to a combination of rising regulation and global economic shifts, according to senior executives polled by Britain’s biggest business lobby.