Financial Regulatory Forum

India buys half of IMF’s gold for sale; who’s next?

November 3, 2009

A bride wearing gold ornaments sits before taking her marriage vows during a mass wedding ceremony in New Delhi October 29, 2009. REUTERS/Adnan Abidi     By Surojit Gupta and Lesley Wroughton
MUMBAI/WASHINGTON, Nov 3 (Reuters) – The International Monetary Fund has sold 200 tonnes of gold to the Reserve Bank of India for $6.7 billion, quietly executing half of a long-planned bullion sale. The deal fuelled speculation that other governments — including China — may be ready to diversify their reserves even at near-record gold prices.

EU central banker Noyer says banks have resumed risk-taking, must preserve capital

October 26, 2009

Bank of France Governor Christian Noyer attends a conference organized by the Paris Club and Institute for International Finance (IIF) in Paris June 25, 2009. (File Photo) REUTERS/Benoit Tessier   By Jan Dahinten and Neil Chatterjee
SINGAPORE, Oct 26 (Reuters) – European Central Bank Governing Council member Christian Noyer warned that banks are taking the same risks that led to the financial crisis and said they should preserve capital rather than pay it out to bankers and investors.His comments came as regulators around the world mull reforms to lower the risks that large banks can pose to the financial system and rein in the type of recklessness that fueled the credit crisis.

European Central Bank says will combine tests to get financial pulse

September 30, 2009

By John O’Donnell
GOTHENBURG, Sweden, Sept 30 (Reuters) – The European Central Bank will combine future tests to check the health of the financial system, its vice president said, outlining his vision for a new watchdog to prevent further crises.

France worried about euro, wants G20 discussion

September 23, 2009

By Anna Willard
PARIS, Sept 23 (Reuters) – France is concerned about the level of the euro against other currencies and hopes the Pittsburgh G20 will set a timeframe for a future discussion on exchange rates, a French government official said on Wednesday.

ECB calls for more transparency on credit derivatives

August 28, 2009

FRANKFURT, Aug 28 (Reuters) – More disclosure and transparency in credit derivatives is needed to allow better risk management in a market that amounted to over $41 trillion in December 2008, the European Central Bank said on Friday.

Ireland gives “bad bank” wide powers

July 30, 2009

By Carmel Crimmins and Padraic Halpin

DUBLIN, July 30 (Reuters) – Ireland unveiled a draft law on Thursday giving its “bad bank” wide powers to deal with the legacy of a devastating property crash, but investors will have to wait until September for clues on how much it will cost.