Financial Regulatory Forum

EXCLUSIVE – Argentina eyes late Jan, Feb debt swap

January 15, 2010

By Kevin Gray and Luis Andres Henao

BUENOS AIRES, Jan 14 (Reuters) – Argentina is working to launch an exchange of $20 billion in defaulted debt by the end of January or early February despite a political battle over foreign reserves that has roiled markets, the finance secretary told Reuters on Thursday.

EU exec likely to sue Greece over statistics mess

January 12, 2010

By Jan Strupczewski

BRUSSELS, Jan 12 (Reuters) – The European Commission is likely to launch infringement proceedings against Greece for failing to provide reliable statistics on its budget deficit and debt, an EU source with knowledge of the proceedings said on Tuesday.

Australia to reform tax on financial securities

September 4, 2009

australian_flag    SYDNEY, Sept 4 (Reuters) – The Australian government plans to change the law to clarify that dividends paid to holders of debt-like securities may be eligible for a tax credit, under reforms to tax arrangements for financial securities.

Banks uneasy over report China state companies assert right to default on derivatives trades

August 31, 2009

By Eadie Chen and Chen Aizhu
BEIJING, Aug 31 (Reuters) – A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among investment bankers on Monday as they feared it may set a damaging precedent.

ANALYSIS-European banks swallow soaring bad debts, fog starts to lift

August 12, 2009

USA/    By Steve Slater, European Banking Correspondent
   LONDON, Aug 12 (Reuters) – Investment bankers have reversed their role as villains of the financial crisis, delivering bumper half-year profits to offset a startling rise in retail bad debts at Europe’s banks, but may need to repeat the trick.

Latvia seeks debt write-downs in home-loan restructure plan

July 8, 2009

   By Patrick Lannin and Sven Nordenstam
   RIGA/STOCKHOLM, July 8 (Reuters) – Latvia wants banks to write off 10 percent of the debt of people who enter a planned scheme to restructure problem loans, the prime minister said on Wednesday, but banks said volumes concerned would be small. (more…)