Financial Regulatory Forum

Bank of England’s King says UK, US closer than EU on regulation

By Reuters Staff
February 12, 2010
It's closer across the Atlantic

It's closer across the Atlantic

 (Updates with more quotes, details from report)

LONDON, Feb 12 (Reuters) – Britain and the United States are more convinced of the need to force banks to hold more capital than some big European nations, Bank of England Governor Mervyn King told the Council for Financial Stability last month.

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.

Europe welcomes Obama bank plan, won’t imitate it

By Reuters Staff
January 22, 2010

By Keith Weir and Crispian Balmer

LONDON/PARIS, Jan 22 (Reuters) – Major European economies offered support on Friday for U.S. President Barack Obama’s plan to limit banks’ size and trading activities but indicated they had no plans to follow suit.

Sweden proposes EU bank tax, gets cool response

By Reuters Staff
January 19, 2010

By John O’Donnell

BRUSSELS, Jan 19 (Reuters) – Sweden’s finance minister called on European counterparts to follow U.S. President Barack Obama’s lead with a bank tax to recoup the cost of propping up the industry but the idea received a guarded response.

France’s Barnier expected to get EU financial services post -envoys

By Reuters Staff
November 20, 2009

Michael Barnier (2nd R), then foreign minister of France, sits between U.N. Deputy Secretary General Louise Frechette (R) and French Ambassador to the United Nations Jean Marc de la Sabliere (2nd L) at a luncheon for the five permanent members of the U.N. Security Council 59th United Nations General Assembly, September 23, 2004. (File photo) REUTERS/Henny Ray Abrams  By Julien Toyer and John O’Donnell
BRUSSELS, Nov 20 (Reuters) – A former French foreign minister is expected to take charge of financial services in the European Union, diplomats said, a move that would unsettle bankers worried he may take a hard line with the industry.
(more…)

New EU finance watchdogs seen muzzled on companies

November 18, 2009

By Jonathan Gould
FRANKFURT, Nov 18 (Reuters) – Three new pan European Union financial watchdogs being set up next year are expected to have limited powers when it comes to individual markets and companies, officials said.

EU, Brazil up pressure on U.S. on Doha deadline

October 5, 2009

World Trade Organisation (WTO) Director-General Pascal Lamy speaks during a business meeting organised by the Confederation of Indian Industry (CII) in New Delhi September 4, 2009. Key trade ministers met on Thursday to work out how to turn political leaders' pledges to complete the Doha round trade talks by 2010 into reality. REUTERS/B Mathur (INDIA BUSINESS) By Darren Ennis
BRUSSELS, Oct 5 (Reuters) – The European Union and Brazil will increase pressure on the United States on Tuesday to set out its demands to conclude the “Doha” round of world trade talks in 2010, a draft document showed.

Some hedge funds eager for Irish “No” on EU treaty – Finance Minister Lenihan

By Reuters Staff
September 28, 2009

Ireland's Finance Minister Brian Lenihan talks to France's Economy Minister Christine Lagarde (R) at the start of a Euro zone finance ministers meeting in Brussels, March 9, 2009.  REUTERS/Francois Lenoir   (BELGIUM BUSINESS POLITICS) DUBLIN, Sept 28 (Reuters) – Hedge funds which bet unsuccessfully that Ireland would default on its sovereign debt want the country to reject the EU’s reform treaty this week to recoup some of their losses, Finance Minister Brian Lenihan said on Monday.

Merkel signals caution towards change with new German coalition

By Reuters Staff
September 28, 2009

Angela Merkel, German Chancellor and leader of the conservative Christian Democratic Union party (CDU) and Guido Westerwelle, leader of the pro-business Free Democrats (FDP) meet at the Chancellery in Berlin September 28, 2009. Merkel's conservatives vowed on Monday to seal a coalition deal, including tax cuts, with the pro-business Free Democrats (FDP) within a month after winning Germany's election (Bundestagswahl).    REUTERS/Wolfgang Rattay (GERMANY) By Madeline Chambers
BERLIN, Sept 28 (Reuters) – German Chancellor Angela Merkel signalled on Monday she would resist pressure for radical reforms from her likely new coalition partners, the pro-business Free Democrats (FDP), and stick to a path of gradual change.

EU hedge fund law to raise compliance costs-survey

By Reuters Staff
September 21, 2009

open-europe-ogo LONDON, Sept 21 (Reuters) – A controversial EU draft law on hedge funds and private equity could initially cost the two sectors between 1.3 billion euros ($1.9 billion) and 1.9 billion euros, while investor returns could also suffer, a survey says.
(more…)