Financial Regulatory Forum

Banks, policymakers spar over new rules

November 17, 2009

   By Huw Jones and Eva Kuehnen
   LONDON/FRANKFURT, Nov 17 (Reuters) – Big banks stepped up warnings on Tuesday that tightening capital rules too soon could stall economic recovery, but policymakers said the bailed out sector cannot rely on taxpayers again in future. (more…)

Swiss regulate bankers’ pay to curb risk-taking

By Reuters Staff
November 11, 2009

ZURICH, Nov 11 (Reuters) – Switzerland’s biggest banks and insurers will have to adhere to new compensation rules requiring them to defer the bulk of managers’ bonuses and to strictly align pay to performance, Swiss regulators said on Wednesday.

EXCLUSIVE – IMF exploring insurance levy on banks

By Reuters Staff
November 9, 2009

By Brian Love
PARIS, Nov 8 (Reuters) – The International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF managing director Dominique Strauss-Kahn said on Sunday.

G20 tries to roll back moral hazard in banks

By Reuters Staff
November 6, 2009

An office worker leaves an Australia and New Zealand Bank mortgage centre in central Sydney September 1, 2009.   By Huw Jones
ST ANDREWS, Scotland, Nov 6 (Reuters) – Finance ministers from the world’s big economies launch difficult discussions this weekend on how to deal with banks whose failure could destabilise economies. Any blueprint is likely to take many months to thrash out.

UK to monitor bank communication with customers to ensure fairness

October 28, 2009

LONDON, Oct 28 (Reuters) – Britain’s financial watchdog will start regulating lenders’ day-to-day contact with their customers to ensure services such as direct debits, payments, interest change notifications and savings accounts are fair.
(more…)

UK banks should draw up living wills-FSA

October 22, 2009

   LONDON, Oct 22 (Reuters) – Britain’s financial watchdog said on Thursday banks should start drawing up living wills so they can be wound up quickly in times of trouble without destabilising the broader financial system. (more…)

Iceland says has new repayment deal with UK, Holland over deposit losses

October 19, 2009

Iceland's Prime Minister Johanna Sigurdardottir smiles before a vote on the controversial "Icesave bill" in Reykjavik August 28, 2009. (File Photo) REUTERS/Ingolfur Juliusson By Omar Valdimarsson
REYKJAVIK, Oct 18 (Reuters) – Iceland said on Sunday it had agreed to a new deal to repay Britain and the Netherlands billions of dollars of deposits lost when the island’s banks collapsed in 2008, paving the way for new aid from international lenders.
(more…)

FSA says bank bonuses should take account of govt help

October 19, 2009

   LONDON, Oct 19 (Reuters) – Britain’s financial regulator said on Monday banks should consider their wider responsibility to society and “soft” government guarantees that have helped to support them, before deciding on bonus payouts later this year. (more…)

German SoFFin chair concern on credit crunch-paper

October 12, 2009

soffin   FRANKFURT, Oct 10 (Reuters) – The chair of Germany’s financial stabilisation fund SoFFin is concerned about a credit crunch for German companies as banks are forced to shore up their capital base to offset potential problem loans. (more…)

New U.S. derivatives bill addresses end user concerns

By Reuters Staff
October 9, 2009

U.S. Rep. Collin Peterson (D-MN), chairman of the House Agriculture Committee, answers reporters' questions on his views of the relationship between the U.S. Federal Reserve and Wall Street, at the Reuters Financial Regulation Summit  in Washington, April 27, 2009.  REUTERS/Mike Theiler  (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh and Christopher Doering
WASHINGTON, Oct 9 (Reuters) – The chairman of the U.S. House of Representatives Agriculture Committee on Friday unveiled a draft bill on regulation of over-the-counter derivatives that differs in some key respects from bills drawn up elsewhere in the House and by the Obama administration.