Financial Regulatory Forum

Gulf banks urged to merge in crisis aftermath

By Reuters Staff
November 2, 2009

   By Eman Goma and Rania El Gamal
KUWAIT, Nov 2 (Reuters) – Gulf banks should merge in the wake of the financial crisis, first in their home markets and then across borders, Oman’s central bank head and senior Gulf bankers said on Monday.

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

By Reuters Staff
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.

French lower house of parliament backs bank tax

By Reuters Staff
October 23, 2009

PARIS, Oct 23 (Reuters) – France’s lower house of parliament on Friday approved a plan to impose a 10 percent tax on bank profits in 2010 despite opposition from the government.The National Assembly, adopted the opposition-proposed measure by 44 votes to 40.

Bernanke sees tighter policies as economy heals

By Reuters Staff
October 9, 2009

By Mark Felsenthal
WASHINGTON, Oct 8 (Reuters) – The U.S. Federal Reserve must continue measures to prop up the economy for an extended period but can’t do so indefinitely for fear of triggering an inflationary surge, Federal Reserve Chairman Ben Bernanke warned on Thursday.

Australia central bank raises rates, more expected

By Reuters Staff
October 6, 2009

The Governor of the Reserve Bank of Australia (RBA), Glenn Stevens, pauses during an appearance before a parliamentary committee hearing in Sydney September 28, 2009.            REUTERS/Tim Wimborne   (AUSTRALIA BUSINESS POLITICS) By Wayne Cole
SYDNEY, Oct 6 (Reuters) – Australia’s central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.

EXCLUSIVE-Ex-AIG unit head Cassano back in US; probe intensifies

By Reuters Staff
September 28, 2009

The American International Group (AIG) office building is seen in the City of London on September 16, 2008. REUTERS/Andrew Winning      (BRITAIN) By Lilla Zuill and Grant McCool
WESTPORT, Conn./NEW YORK, Sept 28 (Reuters) – Joseph Cassano has come home to face the music.
The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States.

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.

Brussels’ tough line to force Europe bank shake-up

By Reuters Staff
September 18, 2009

A pedestrian passes the head office of the Lloyds Banking Group in central London August 5, 2009. By Steve Slater and Foo Yun Chee
LONDON/BRUSSELS, Sept 18 (Reuters) – Europe’s banks face a shakeout as a result of the European Commission flexing its muscles over state aid that the sector gratefully accepted to survive a financial crisis.

EU to support stimulus, push on trade talks at G20

By Reuters Staff
September 16, 2009

Jean-Pierre Jouyet, head of French market watchdog AMF, is seen in this file photo taken May 18, 2007. REUTERS/Benoit Tessier (FRANCE) By Jan Strupczewski
BRUSSELS, Sept 16 (Reuters) – The European Union will support maintaining policies that poured trillions of dollars into economies and call on a G20 meeting for progress on trade talks to help boost a recovery, a draft policy document said.

Obama warns Wall Street to get behind reforms

By Reuters Staff
September 14, 2009

By Caren BohanOnlookers gather outside the historic Federal Hall where U.S. President Barack Obama is speaking in the heart of Wall Street in New York September 14, 2009. Obama, marking a year since Lehman Brothers collapsed, urged financial firms Monday not to fight regulatory reform and urged Congress to pass his proposals by the end of the year.     REUTERS/Larry Downing (UNITED STATES BUSINESS POLITICS)

NEW YORK, Sept 14 (Reuters) – U.S. President Barack Obama warned financial firms on Monday to heed the lessons of Lehman Brothers’ collapse a year ago and get behind a regulatory overhaul he wants Congress to pass this year.
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