Financial Regulatory Forum

EU shelves plan to unveil disputed bank reform for now

By Reuters Staff
October 16, 2009

European Commissioner in charge of Internal Market and Services Charlie McCreevy speaks during a news conference at EC Headquarters in Brussels September 23, 2009. (file photo)REUTERS/Sebastien Pirlet   (BELGIUM POLITICS BUSINESS) By John O’Donnell and Huw Jones
BRUSSELS, Oct 15 (Reuters) – The European Commission has abandoned plans to publish laws on bank capital rules this month, the EU executive said, amid a dispute that puts a question mark over its centrepiece reform to the way banks work.

EU unveils blueprint to overhaul policing of banks

By Reuters Staff
September 23, 2009

European Commissioner in charge of Internal Market and Services Charlie McCreevy speaks during a news conference at EC Headquarters in Brussels September 23, 2009. The European Union unveiled its blueprint on Wednesday for an overhaul of the way banks and financial markets are policed, a central plank to new rules designed to prevent a repeat of the global economic crisis.  REUTERS/Sebastien Pirlet   (BELGIUM POLITICS BUSINESS) By John O’Donnell

BRUSSELS, Sept 23 (Reuters) – The European Union unveiled its blueprint for an overhaul of the way banks and financial markets are policed, a central plank in new rules designed to prevent a repeat of the global economic crisis. It plans to create a banking super-watchdog, with power to overrule countries such as Britain, and a pan-European supervisor that would warn of early signs of crisis.

EU derivatives plans focus on clearing

July 1, 2009

 Charlie McCreevy    By Huw Jones
   LONDON, July 1 (Reuters) – Centrally clearing the bulk of off-exchange derivatives contracts will be the core of Europe’s efforts to cut risk in the sector as further study is needed before forcing any trades onto exchanges, an EU document said.
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