Financial Regulatory Forum

ANALYSIS-EU, U.S. supervisors face derivatives test

By Reuters Staff
September 15, 2010

By Huw Jones

LONDON, Sept 15 (Reuters) – Differences between new European Union and U.S. rules to crackdown on derivatives will be a key test of how well transatlantic regulators can coordinate to iron out loopholes banks may be tempted to exploit.

EU finance chiefs to discuss bank levy this week

April 13, 2010

   By John O’Donnell
   BRUSSELS, April 13 (Reuters) – European finance ministers will attempt to settle differences over how best to impose extra taxes on banks at a meeting in Madrid this week, sources familiar with the talks said. (more…)

EU’s Barnier says will tackle short-selling

March 17, 2010

   BRUSSELS, March 17 (Reuters) – The European Commission will crack down on “naked” selling and speculation in the market for credit default swaps with proposed controls as soon as June, the EU’s financial markets chief said on Wednesday. (more…)

Banks should hold more capital for risk -Santander

February 23, 2010

    LONDON, Feb 23 (Reuters) – Spain’s Santander <SAN.MC>, Europe’s second biggest bank, said forcing banks to hold more capital to cover riskier activities would be better than forcing the break-up of big lenders. (more…)

Spain tightens proposed hedge fund rules

By Reuters Staff
February 16, 2010

SPAIN    By Huw Jones
   LONDON, Feb 16 (Reuters) – European Union president Spain tightened proposed rules to regulate hedge funds and private equity groups, prompting accusations of protectionism from within the industry but potentially speeding up moves towards a deal. (more…)

from Global News Journal:

Brussels’ MEPs ready to duke it out with bankers

February 4, 2010

Every new year brings resolutions, and the European Parliament is no exception.

Often derided as a multi-lingual talking shop, the institution is feeling newly invigorated by some fresh faces and by the European Union's Lisbon reform treaty, which came into force late last year and gives the 736-member parliament more say in drafting laws and acting as a check on legislation.

Turkey plans to pass capital reforms by end-March

December 22, 2009

    ISTANBUL, Dec 22 (Reuters) – Turkey plans to pass a European Union-sought capital markets reform bill through parliament  before the end of March at the latest, the Capital Markets Board chairman said on Tuesday. (more…)

EU presses IMF over financial transaction tax

December 14, 2009

   By David Brunnstrom and Timothy Heritage
   BRUSSELS, Dec 11 (Reuters) – The European Union increased pressure on the International Monetary Fund on Friday to consider a global tax on financial transactions to limit the risk of another economic crisis.
(more…)

EU backs global financial transaction tax

December 11, 2009

By David Brunnstrom and Timothy Heritage

BRUSSELS, Dec 11 (Reuters) – The European Union urged the International Monetary Fund on Friday to pursue a global tax on financial transactions to limit the risk of another economic crisis, despite U.S. opposition.

EU clears revamp plans for Lloyds, ING, KBC

November 18, 2009

LLOYDS/   BRUSSELS, Nov 18 (Reuters) – Plans by three major European banks to sell chunks of their operations in return for state aid were approved by EU authorities on Wednesday, marking the latest regulatory-enforced financial break-ups. (more…)