By Anna Willard
BRUSSELS, Sept 2 (Reuters) – European finance ministers pledged on Wednesday to clamp down on banker bonuses, raising the prospect of spreading such payouts over years or demanding back money if business turns sour.
Financial Regulatory Forum
BEIJING, Sept 2 (Reuters) – China is backsliding on reforms to open up its economy to foreign business, thereby hindering competition and imperilling its shift to a new model of sustainable growth, the European Union Chamber of Commerce in China said on Wednesday.
from Funds Hub:
It may look like an unlikely scenario on paper, but Europe's elderly masses could be about to provide the killer blow to draft EU rules to regulate the alternative investment industry.
Hedge fund associations, private equity lobbyists, the British government and even the United States Treasury have waded into the debate over the proposed legislation, seeking to soften an approach which has been labelled an exercise in post-financial crisis political grandstanding, rather than a measured look at how to better regulate the sector.
Now though, the pension funds have entered the stage, and their concerns will be far more likely to win over MEPs across the politcal spectrum.
By Joel Dimmock
LONDON, Aug 4 (Reuters) – British pension funds have begun exerting pressure to change proposed European Union rules that would impose new regulations on the hedge fund and alternative investment sector.
By Foo Yun Chee
BRUSSELS, Aug 3 (Reuters) – Microsoft’s offer to settle a decade-long battle with EU antitrust regulators cements the European Commission’s reputation as one of the world’s toughest watchdogs and could force other firms to follow its example.
By Dave Graham and Marcin Grajewski
BRUSSELS, July 7 (Reuters) – European Union finance ministers agreed in principle on Tuesday to make capital rules for banks more flexible to reduce their likelihood of worsening boom-and-bust cycles in the economy. The ministers also raised doubts about a German proposal to relax temporarily the Basel II rules on capital requirements for banks to boost lending and accelerate a recovery from the worst economic crisis since World War Two. (more…)
STOCKHOLM (Reuters) – A minister for Sweden, which took over the EU presidency on Wednesday, said hedge funds and private equity firms needed regulation but should not be viewed as a primary cause of the global financial crisis.
Speaking after a visit by the European Commission to Stockholm to mark the Nordic country’s start in the six-month presidency, Financial Markets Minister Mats Odell cautioned against “overzealous” regulation. (more…)