WASHINGTON, Oct 27 (Reuters) – Financial firms that could pose a risk to the economy will not all be named at once under Obama administration plans to tighten bank and capital market regulations, a congressional aide said on Tuesday.
Bank of Canada raps finance industry, says G20 determined to reshape
MONTREAL, Oct 26 (Reuters) – Bank of Canada Governor Mark Carney delivered a blunt rebuke to the global financial industry on Monday, saying it had shown insensitivity over high compensation and calling on it to get on board with reforms.
U.S. won’t list systemically key firms – Geithner
WASHINGTON, Sept 22 (Reuters) – U.S. Treasury Secretary Timothy Geithner said in testimony prepared for delivery on Wednesday that the United States would not identify in advance financial firms that it views as systemically important.
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UK says “living wills” to drive bank restructurings
By Huw Jones
LONDON, Sept 18 (Reuters) – Mandatory “living wills” for banks in Britain will spark major restructuring in the sector in the next few years, a UK minister said on Friday.
G20 heads for crackdown on bank bonuses
By Huw Jones and Anna Willard
PARIS, Sept 15 (Reuters) – Banks with low levels of capital will not be able to offer large bonuses under guidelines the G20 is set to discuss this month, the Financial Stability Board said on Tuesday.
“It’s important that firms conserve profits so they can rebuild capital and support lending,” FSB Chairman Mario Draghi told a news conference.
Banks eye clock on tougher capital rules, may face pressure to act soon
By Huw Jones and Steve Slater
LONDON, Sept 8 (Reuters) – Banks face pressure to raise billions of dollars in fresh equity to meet tough new capital rules and many European lenders may need to act soon to improve quality even though the proposals will not be fully felt for several years.
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U.S. FDIC will keep new banks on short leash
WASHINGTON, Aug 28 (Reuters) – U.S. bank regulators said on Friday that they are extending the amount of time they keep new banks under strict supervision, saying recent bank failures have indicated that new institutions pose an elevated risk to the insurance fund that safeguards bank deposits.
U.S. FDIC eases rules on private-equity investments in troubled banks
WASHINGTON, Aug 26 (Reuters) – U.S. banking regulators voted on Wednesday to ease rules applying to private investments in troubled banks.
The board of the Federal Deposit Insurance Corp voted 4-1 to change previous proposals that some regulators and potential investors said had threatened to scare away much-needed capital from the banking industry.
Regulators need ways to stem asset bubbles -Bank of England deputy
LONDON, Aug 25 (Reuters) – The financial crisis has tipped the arguments in favour of central banks acting to stem asset-price bubbles but they will need new instruments to help them do this, Bank of England Deputy Governor Charles Bean said on Tuesday.
US agency to vote Aug 26 on private equity rules for failed banks
By Karey Wutkowski
WASHINGTON, Aug 19 (Reuters) – The Federal Deposit Insurance Corp will meet next week to vote on its policy for private equity investments in failed banks, according to an agenda posted to its website. The FDIC proposed the private equity guidelines in July. Investors and some regulators criticized them as too harsh.
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