Financial Regulatory Forum

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.

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U.S. FDIC eases rules on private-equity investments in troubled banks

Federal Deposit Insurance Corporation Chairman Sheila Bair smiles as she testifies before a House Financial services committee hearing on Regulatory Perspectives on the Obama Administration's Financial Regulatory Reform Proposals on Capitol Hill in Washington July 24, 2009. REUTERS/Yuri Gripas (UNITED STATES POLITICS 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.

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Regulators need ways to stem asset bubbles -Bank of England deputy

Britain's Chancellor of the Exchequer Alistair Darling (R) and Deputy Governor of Bank of England Charles Bean attend a G7 finance ministers and central bank governors meeting in Rome February 14, 2009. 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.

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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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Pending EU solvency rules challenge insurers – adviser

By Nigel Tutt
MILAN, Aug 7 (Reuters) – Traditional insurance groups, such as Italy’s Assicurazioni Generali SpA, are likely to find the transition to the EU’s latest solvency rules more challenging, said Deloitte Consulting’s Giovanni Bragolusi.

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U.S. bill would restrict OTC derivatives holdings

USA/ By Charles Abbott and Rachelle Younglai
WASHINGTON, July 30 (Reuters) – U.S. financial regulators would gain the power to restrict holdings of over-the-counter derivatives under legislation to be crafted in the coming months, the chairmen of two House of Representatives committees said on Thursday.

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Two US House chairmen back mandatory OTC clearing in derivatives reform goals

WASHINGTON, July 29 (Reuters) – Over-the-counter derivatives should go through central clearing and trade on regulated exchanges as much as possible, according to a paper prepared for release by the chairmen of the U.S. House of Representatives Financial Services and Agriculture committees. The paper, obtained by Reuters, is to be unveiled Thursday and is intended as a guide for legislation to be written after Congress returns from its August recess.

Major points in the paper are:
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Efforts to ban “naked” CDSs could face limits

Swiss Re was hit hard by losses in credit default swapsBy Karen Brettell
NEW YORK, July 28 (Reuters) – Efforts to limit speculation with credit default swaps may be ineffective as the large dealers that account for the vast majority of volumes in the market are likely to be exempt from any ban.

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Basel panel sets higher capital rules for bank trading books

BASEL, Switzerland, July 13 (Reuters) – The Basel Committee published the final version on Monday of its new rules that will force banks to tie up more capital to offset trading book risks from the end of 2010. (more…)

UK’s FSA warns banks of trading book capital hikes

  By Huw Jones   Adair Turner, chairman Britain's Financial Services Authority

  LONDON (Reuters) – Britain’s banks will have to set aside far larger amounts of capital to cover trading risks in future, the country’s top financial watchdog said on Tuesday in a move backed by Europe’s top bank. (more…)

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