Financial Regulatory Forum

EU, Brazil up pressure on U.S. on Doha deadline

October 5, 2009

World Trade Organisation (WTO) Director-General Pascal Lamy speaks during a business meeting organised by the Confederation of Indian Industry (CII) in New Delhi September 4, 2009. Key trade ministers met on Thursday to work out how to turn political leaders' pledges to complete the Doha round trade talks by 2010 into reality. REUTERS/B Mathur (INDIA BUSINESS) By Darren Ennis
BRUSSELS, Oct 5 (Reuters) – The European Union and Brazil will increase pressure on the United States on Tuesday to set out its demands to conclude the “Doha” round of world trade talks in 2010, a draft document showed.

G7 presses for stronger yuan, breaks no new ground

October 3, 2009

By Brian Love
ISTANBUL, Oct 3 (Reuters) – The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.

G20 takes center stage in new economic world order

September 25, 2009

France's President Nicolas Sarkozy (L) and his wife Carla Bruni-Sarkozy (2nd R) stand with U.S. President Barack Obama and first lady Michelle Obama as they arrive at the Phipps Conservatory for an opening reception and working dinner for heads of delegation at the Pittsburgh G20 Summit in Pittsburgh, Pennsylvania, September 24, 2009.     REUTERS/Philippe Wojazer (UNITED STATES POLITICS BUSINESS IMAGES OF THE DAY)   By Emily Kaiser and Darren Ennis
   PITTSBURGH, Sept 25 (Reuters) – The Group of 20 rich and developing countries were set to anoint themselves as caretakers of the global economy on Friday, giving rising stars such as China and India more say in world affairs. (more…)

Cautious China backs G20 coordination; EU proposes bank rules

September 23, 2009

President of the European Commission Jose Manuel Barosso speaks during a news conference in Warsaw April 30, 2009. By Simon Rabinovitch and John O’Donnell
BEIJING/BRUSSELS, Sept 23 (Reuters) – China offered some support on Wednesday to U.S. plans to build a more balanced global economy, as world leaders seek to agree ways to nurture a tentative recovery and prevent future crises.
The European Union unveiled its blueprint for an overhaul of the way banks and financial markets are policed, with plans for a banking super-watchdog and a pan-European supervisor that it hopes can be replicated on the global stage.

Support builds for rebalancing world economy, China may balk

September 22, 2009

Analysts said the United States' drive to agree a roadmap for a more balanced global economy could meet resistance from China which is unlikely to agree reforms that would threaten its growth. WASHINGTON, Sept 22 (Reuters) – Support grew on Tuesday for a U.S. plan to build a more balanced global economy and leaders warned against returning to business as usual once recovery takes hold.

China says may change draft on capital restrictions

September 5, 2009

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…)

China must focus on changes in asset

September 5, 2009

FINANCIAL CHINA BANKS   SHANGHAI, Sept 5 (Reuters) – China needs to pay close attention to changes in asset prices and to push ahead on innovations in financial tools in the next phase of development, People’s Bank of China Vice Governor Su Ning said on Saturday. (more…)

China tells some banks to halt new business-report

September 3, 2009

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.

REUTERS SUMMIT – BNY Mellon sees first China Depositary Receipt listings next year

September 2, 2009

Larry Chen, chief representative in BNY Mellon's Beijing office, attends the Reuters China Investment Summit in Beijing, September 2, 2009. The Bank of New York Mellon said it expects the first China Depositary Receipts (CDRs) to be issued next year, in a highly anticipated new vehicle that will allow foreign-headquartered firms to list in China. REUTERS/Christina Hu (CHINA BUSINESS) By Michael Wei and Jason Subler
BEIJING (Reuters), Sept 2 – The Bank of New York Mellon said it expects the first China Depositary Receipts (CDRs) to be issued next year, in a highly anticipated new vehicle that will allow foreign-headquartered firms to list in China.

E.U. business group says China backslides on access reforms

September 2, 2009

BEIJING, Sept 2 (Reuters) – China is backsliding on reforms to open up its economy to foreign business, thereby hindering competition and imperilling its shift to a new model of sustainable growth, the European Union Chamber of Commerce in China said on Wednesday.