Financial Regulatory Forum

German bank crisis not over -rescue fund head

Hannes Rehm, new head of steering committee for Financial Market Stabilisation Fund (SoFFin), leaves his office after a photo call in Frankfurt February 3, 2009. REUTERS/Alex Grimm (GERMANY)    HAMBURG, Germany, Oct 7 (Reuters) – The financial sector  faces big challenges even after governments intervened massively to prop up tottering banks, the head of Germany’s nearly 500 billion euro ($735 billion) bank rescue fund Soffin warned. (more…)

Nigeria bails out more banks for $1.3 billion, removes executives

An aerial view shows the central business district in Nigeria's commercial capital of Lagos, April 7, 2009. (file photo) By Randy Fabi
ABUJA, Oct 2 (Reuters) – Nigeria’s central bank said on Friday it was providing 200 billion naira ($1.3 billion) to four banks judged to be facing a grave liquidity crisis and removed three of their chief executives.

The latest bank bailout in sub-Saharan Africa’s second biggest economy brings the total injection into the banking system over the past two months to almost $4 billion, paving the way to a restoration of confidence in the sector.

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ANALYSIS-Japan banks to bear brunt of new capital rules in Asia

A woman walks past a Nomura Securities branch in Tokyo September 25, 2009. Japan's Nikkei stock average slid 2.6 percent on Friday, as financial shares were hit hard after Nomura Holdings said it plans to issue up to $5.6 billion in shares, raising concerns other banks could follow suit.  REUTERS/Toru Hanai (JAPAN BUSINESS)   By David Dolan
   TOKYO, Oct 2 (Reuters) – After raising $54 billion of equity this year to ride out the financial crisis, banks in Asia are likely to tap markets for billions more as the G20 moves towards tightening capital requirements for global lenders. (more…)

EU banks solid, stress test shows-Spain finmin

Spain's Economy Minister Elena Salgado listens to a question during a news conference at the G20 Finance Ministers summit in London September 5, 2009. Finance ministers and central bankers from the G20 nations were meeting in London on Saturday to lay the foundations for a summit of leaders in the U.S. city of Pittsburgh later this month.    REUTERS/Kevin Coombs     (BRITAIN BUSINESS POLITICS)    GOTHENBURG, Sweden, Oct 1 (Reuters) – The European banking sector is solid enough to withstand a deterioration of economic conditions and under the worst case scenario could face 400 billion euros of write-downs, Spanish Finance Minister Elena Salgado said.
   “The ministers shared the view that the 22 systemic banks (in Europe) are solid enough to resist a deterioration of conditions. This deterioration will not happen,” Salgado told reporters on the sidelines of an EU finance ministers’ meeting.
   Asked about the 400 billion euros figure, reported in the media, she said : “In the worst case scenario, the maximum total of risks would be around this figure.
   ((Reporting by Julien Toyer, writing by Jan Strupczewski, tel +32 2 287 68 37, fax  +32 2 230 55 73, e-mail: jan.strupczewski@reuters.com; RM: jan.strupczewski.reuters.com@reuters.net))
 Keywords: EU BANKS/TEST 
  
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 Thursday, 01 October 2009 17:17:35RTRS [nWEA3388] {EN}ENDS

BIS chief warns against bank rebound complacency-FT

Jaime Caruana, Governor of the Bank of Spain and Chairman of the Basel Committee on Banking Supervision attends a news conference at the Bank For International Settlements (BIS) in Basel, June 26, 2004. Central bank governors and the heads of bank supervisory authorities in the Group of Ten (G10) industrialised nations approved a sweeping rewrite of global safety rules known as Basel II. REUTERS/Sebastian Derungs  STD/CR/    LONDON, Sept 20 (Reuters) – The world should not assume that the financial sector has rebounded for good, despite stock market rallies, the head of the body that oversees global banking regulation said in the Financial Times on Monday. (more…)

Brussels’ tough line to force Europe bank shake-up

A pedestrian passes the head office of the Lloyds Banking Group in central London August 5, 2009. By Steve Slater and Foo Yun Chee
LONDON/BRUSSELS, Sept 18 (Reuters) – Europe’s banks face a shakeout as a result of the European Commission flexing its muscles over state aid that the sector gratefully accepted to survive a financial crisis.

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D-day looms for Irish banks

A branch of Allied Irish Bank is seen in London August 14, 2009. By Carmel Crimmins

DUBLIN, Sept 15 (Reuters) – Ireland will outline this week how much a make-or-break plan to revive its banking system will cost, setting the stage for possible further capital injections in the top two banks and a near doubling of the national debt.

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UK to expand finance for smaller firms -Darling

BRITAIN/    LONDON, Sept 12 (Reuters) – Britain is looking at ways to  expand credit lines to smaller companies that currently have to rely almost entirely on banks for their funding, finance minister Alistair Darling said on Saturday. (more…)

New Dutch banking code to take effect Jan. 1

nvb    AMSTERDAM, Sept 9 (Reuters) – The Netherlands Bankers’ Association has agreed a voluntary code of conduct that will limit the level of bonuses and strengthen corporate governance from Jan 1.  (more…)

Banks should hold more capital-G20 statement

Finance Ministers and central bank governors from the G20 nations pose for a group photo during a break in their meeting at the Treasury in London, September 5, 2009. G20 finance leaders pledged on Saturday to keep economic life-support packages in place until a recovery is firmly secured, but reached no deal on putting limits on bankers' pay. REUTERS/Simon Dawson/Pool    (BRITAIN BUSINESS POLITICS)    LONDON, Sept 5 (Reuters) – Banks should hold more and better quality capital, the G20 said in a statement on regulation to be issued at the end of their meeting seen by Reuters. (more…)

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