Financial Regulatory Forum

ECB’s Trichet-hard to judge financial stability

November 18, 2009

Jean-Claude Trichet, President of the European Central Bank (ECB) REUTERS/Johannes Eisele (GERMANY BUSINESS)    FRANKFURT, Nov 18 (Reuters) – Assessing the stability of Europe’s financial institutions is “particularly complex” at the moment, European Central Bank President Jean-Claude Trichet said on Wednesday. (more…)

Banks, policymakers spar over new rules

November 17, 2009

   By Huw Jones and Eva Kuehnen
   LONDON/FRANKFURT, Nov 17 (Reuters) – Big banks stepped up warnings on Tuesday that tightening capital rules too soon could stall economic recovery, but policymakers said the bailed out sector cannot rely on taxpayers again in future. (more…)

EU regulators may take speedy action on “dark pools”

November 17, 2009

TENNIS/   FRANKFURT, Nov 17 (Reuters) – European Union securities regulators will complete their review of “dark pool” share trading venues by year end and may ask the bloc’s executive to take speedy action, a top supervisor said on Tuesday. (more…)

ECB’s Tumpel-Gugerell says economy past worst

November 12, 2009

Gertrude Tumpel-Gugerell, member of the Executive Board of the European Central Bank,(AUSTRIA)   ROME, Nov 12 (Reuters) – The worst of the global recession is over with signs mounting of a slight pick-up in activity, European Central Bank Executive Board member Gertrude Tumpel-Gugerell said on Thursday.

ANALYSIS-Execs say US, EU swaps reforms bold but need work

October 23, 2009

    By Jonathan Spicer
   CHICAGO, Oct 22 (Reuters) – Exchange and clearinghouse operators, walking a fine line between regulators and customers, said this week new government plans to revamp global derivatives trading are bold but in need of serious revisions. (more…)

INTERVIEW-New EU authorities need more independence: supervisor

October 8, 2009

   BASEL, Switzerland, Oct 8 (Reuters) – Draft European Union plans for a sweeping reform of how financial markets are supervised need amending to minimise the potential influence of lobbyists, a top EU supervisor said on Thursday. (more…)

Brussels may make RBS, Lloyds shed clients -paper

October 6, 2009

BRITAIN-HBOS/LLOYDS   LONDON, Oct 6 (Reuters) – The European Commission wants Royal Bank of Scotland <RBS.L> to shed up to 10 percent of its small business customers as the penalty for receiving billions of pounds of state aid, The Times reported on Tuesday. (more…)

BoE’s King may get EU watchdog role to win over UK

September 22, 2009

A video grab image shows Bank of England governor Mervyn King speaking to parliament's Treasury committee in London March 24, 2009. The euro hit a session low against a buoyant pound on Tuesday after King said he saw no reason why the pound should go any lower. The euro fell to a session low of 91.72 pence, 1.9 percent lower on the day. It was last at 91.83 pence. The pound was also 1.2 percent higher at $1.4743.  REUTERS/ Parbul TV via Reuters TV (BRITAIN BUSINESS POLITICS) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS   By John O’Donnell
   BRUSSELS, Sept 22 (Reuters) – Bank of England Governor Mervyn King could be given a prominent role in European Union super-watchdogs being set up to monitor banks and market risks to win British backing for the plan, diplomatic sources said. (more…)

EU should tackle bonuses alone if necessary-Juncker

September 17, 2009

Luxembourg Prime Minister Jean-Claude Junker addresses the Tamedia AG Dolder meeting 2008 in Zurich January 29, 2008.  REUTERS/Christian Hartmann  (SWITZERLAND)    BERLIN, Sept 17 (Reuters) – The European Union must act alone if necessary to curb bankers’ bonuses, the chairman of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, told Deutschlandfunk radio on Thursday. (more…)

EU joins U.S. call for more oil market transparency

September 16, 2009

By Jan Strupczewski and Pete Harrison
BRUSSELS, Sept 16 (Reuters) – The European Union has joined the United States in calling for action to improve transparency in oil markets, a draft EU document shows. (more…)