Financial Regulatory Forum

FACTBOX – How does the EU plan to shake up financial services?

April 7, 2010

BRUSSELS, April 7 (Reuters) – The European Union (EU) is embarking on an overhaul of financial services that politicians hope will send bankers back to their roots of no-frills lending to households and business.

Market regulators seek to end clearing competition logjam in Europe

February 12, 2010

By Huw Jones and Jane Baird

LONDON, Feb 12 (Reuters) – British, Dutch and Swiss market watchdogs have agreed conditions to end a ban on clearing linkages, which could spur competition and cut fees in Europe’s stock market, industry officials said on Friday.

UK opposes mandatory exchange trading of derivatives

February 2, 2010

By Huw Jones

LONDON, Feb 2 (Reuters) – Banks should not be forced to shift privately-negotiated derivatives transactions onto exchanges, Britain’s Financial Services Minister, Paul Myners, said on Tuesday.

CME Group begins clearing credit derivatives

December 15, 2009

By Jonathan Spicer

NEW YORK, Dec 15 (Reuters) – CME Group Inc began clearing U.S.-based credit derivatives on Tuesday, aiming to capitalize on a government push to safeguard a private market blamed for exacerbating the financial crisis.