Financial Regulatory Forum

Cautious China backs G20 coordination; EU proposes bank rules

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.

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EU leaders at G20 to seek bonus curbs, retained stimulus

Romania's President Traian Basescu (L) is welcomed by Sweden 's Prime Minister Fredrik Reinfeldt  at an informal summit of European Union heads of state and government in Brussels September 17, 2009. EU leaders met to coordinate the EU's position ahead of the G20 Summit in Pittsburgh.   REUTERS/Yves Herman By Darren Ennis and Jan Strupczewski
BRUSSELS, Sept 17 (Reuters) – European Union leaders agreed on Thursday to seek curbs on bankers’ bonuses at next week’s G20 summit and said they wanted evidence the recession is over before they stop spending to prop up their economies.

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U.S. CFTC seeks to increase regulation of carbon trading

Tom Doggett

WASHINGTON, Aug 17 (Reuters) – The U.S. Commodity Futures Trading Commission proposed on Monday  increasing federal oversight of the Chicago Climate Exchange’s carbon spot contract. (more…)

G8: world economy may need more help, leaders mute currency debate

France's President Nicolas Sarkozy (L), U.S. President Barack Obama   By Darren Ennis and Krittivas Mukherjee
   L’AQUILA, Italy, July 8 (Reuters) – G8 leaders believe the world economy still faces “significant risks” and may need further help, according to summit draft documents that also reflect failure to agree climate change goals for 2050. (more…)

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