Financial Regulatory Forum

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…)

G20 toughens bank capital standards-source

Lighting engineers set up a platform ahead of the G20 Finance Ministers meeting in London September 4, 2009. The G20 will promise this weekend to keep economic support packages in place until recovery is certain and seek to reassure financial markets they have credible plans to withdraw the stimulus when appropriate.     REUTERS/Kevin Coombs     (BRITAIN BUSINESS POLITICS)   LONDON, Sept 5 (Reuters) – Group of 20 finance chiefs agreed on Saturday to back a U.S. plan for banks to hold more and higher quality capital, resolving differences over which set of rules to pursue going forward, a G20 source told Reuters.  (more…)

China says may change draft on capital restrictions

CHINA   SHANGHAI, Sept 5 (Reuters) – China’s banking regulator may change draft rules it has sent to institutions seeking feedback on changes to banks’ capital restrictions, said an official from the China Banking Regulatory Commission (CBRC) on Saturday. (more…)

Europe split over U.S. bank capital plans

BRITAIN/   By Anna Willard and Huw Jones
   LONDON, Sept 4 (Reuters) – Continental European officials defended the globally-agreed Basel II capital rules for banks on Friday despite a U.S. call for its effective replacement with a tougher new regime within three years. (more…)

US Treasury proposes int’l capital accord for banks

FINANCIALS-GEITHNER/   By Karey Wutkowski
   WASHINGTON, Sept 3 (Reuters) – The U.S. Treasury Department on Thursday proposed tough international standards on capital and liquidity at banks, saying new rules are needed to reduce the risk of another global financial crisis.
(more…)

Businesses demand easing of EU bank capital rules

conf    BRUSSELS, Sept 3 (Reuters) – Leading German and Italian business groups urged the European Union on Thursday to relax capital requirements for banks temporarily to boost lending and fight the economic crisis. (more…)

China tells some banks to halt new business-report

drc    BEIJING, Sept 3 (Reuters) – China’s banking regulator is refusing to allow banks with a capital adequacy ratio below 9 percent to start new lines of business or open new branches, a government researcher said in remarks published on Thursday.
(more…)

US bank regulator seen moving fast on private equity -sources

Federal Deposit Insurance Corporation (FDIC) Chairman Sheila Bair (file)By Megan Davies
NEW YORK, Aug 3 (Reuters) – A U.S. bank regulator is expected to move quickly in finalizing guidelines on private equity investments in failed banks, possibly easing one of its most controversial proposals, sources said on Monday. (more…)

How the EU will force banks to save for rainy day

BRUSSELS, July 29 (Reuters) – The European Commission is consulting with the banking industry and others about more rules to make banks build up a buffer to ride market downturns.

(more…)

Germany seeks to ease parts of Basel II capital rules

    By Marcin Grajewski and Huw Jones
   BRUSSELS/LONDON (Reuters) – Germany wants to relax global rules on capital charges to ease writedown pressures on banks holding toxic assets, an EU document showed on Wednesday.
   European Union finance ministers meet next week and will be asked to endorse a report from their Economic and Financial Committee on how to stop rules amplifying market turmoil. (more…)

  •