LONDON, Sept 15 (Reuters) – The European Commission may force Lloyds Banking Group <LLOY.L> to sell off all or part of its Halifax branch network as compensation for the billions of pounds of state aid the group has received, the London Times reported. (more…)
Financial Regulatory Forum
By Nigel Davies
LONDON, Sept 11 (Reuters) – U.S. banks will be free of bailout obligations like those owed to the Troubled Asset Relief Program within two years, a Reuters poll of economists found on Friday, but European lenders will take longer to cut loose from public support. (more…)
By Anna Willard and Huw Jones
LONDON, Sept 4 (Reuters) – Continental European officials defended the globally-agreed Basel II capital rules for banks on Friday despite a U.S. call for its effective replacement with a tougher new regime within three years. (more…)
BRUSSELS, Sept 3 (Reuters) – Jose Manuel Barroso vowed on Thursday to work to boost cooperation within the euro currency zone if he is elected for a second five-year term as president of the European Commission, the European Union’s executive body.
By Natalie Harrison
LONDON, Aug 13 (Reuters) – A credit event at France’s Thomson SA, the first to feature in a current benchmark European credit default swap index, will test the market’s ability to cope with complex new auction rules to settle CDS.
By Huw Jones
LONDON, Aug 12 (Reuters) – Financial firms said European Union plans for comparing credit rating agencies would boost competition and increase investor power, documents from the bloc’s regulators showed on Wednesday.
By Nigel Tutt
MILAN, Aug 7 (Reuters) – Traditional insurance groups, such as Italy’s Assicurazioni Generali SpA, are likely to find the transition to the EU’s latest solvency rules more challenging, said Deloitte Consulting’s Giovanni Bragolusi.