Financial Regulatory Forum

EU leaders at G20 to seek bonus curbs, retained stimulus

September 18, 2009

Romania's President Traian Basescu (L) is welcomed by Sweden 's Prime Minister Fredrik Reinfeldt  at an informal summit of European Union heads of state and government in Brussels September 17, 2009. EU leaders met to coordinate the EU's position ahead of the G20 Summit in Pittsburgh.   REUTERS/Yves Herman By Darren Ennis and Jan Strupczewski
BRUSSELS, Sept 17 (Reuters) – European Union leaders agreed on Thursday to seek curbs on bankers’ bonuses at next week’s G20 summit and said they wanted evidence the recession is over before they stop spending to prop up their economies.

Sarkozy, Obama agree to work for G20 success

September 16, 2009

U.S. President Barack Obama (R) speaks with France's President Nicolas Sarkozy before a dinner at the G8 summit in L'Aquila, Italy, July 9, 2009. Leaders of the Group of Eight major industrial nations and the main developing economies are meeting in the central Italian city of L'Aquila until Friday to discuss issues ranging from global economic stimulus to climate change and oil prices. REUTERS/Stefano Rellandini (ITALY POLITICS)   By Sophie Hardach
   PARIS, Sept 15 (Reuters) – U.S. President Barack Obama and French President Nicolas Sarkozy joined forces on Tuesday ahead of the Group of 20 summit in Pittsburgh, agreeing to work toward new decisions on the economy and the financial system, Sarkozy’s office said. (more…)

G20 heads for crackdown on bank bonuses

September 15, 2009

By Huw Jones and Anna Willard
PARIS, Sept 15 (Reuters) – Banks with low levels of capital will not be able to offer large bonuses under guidelines the G20 is set to discuss this month, the Financial Stability Board said on Tuesday.

EU plans powerful new banking watchdog -draft

September 10, 2009

eu-flag   BRUSSELS, Sept 10 (Reuters) – The European Union plans to create a banking super-watchdog and give it power to overrule countries such as Britain, according to draft legislation that could come into effect next year. (more…)

US Sen Dodd to remain banking panel chairman – aide

September 9, 2009

WASHINGTON, Sept 9 (Reuters) – U.S. Senator Christopher Dodd will remain chairman of the Senate Banking Committee and not take over the health committee after the death of his friend, Senator Edward Kennedy, a Senate aide said on Wednesday.

ANALYSIS-Fatter capital rules mean lean times for big banks

September 8, 2009

By Kevin Drawbaugh

WASHINGTON, Sept 9 (Reuters) – Banking is supposed to be boring.

That’s the quip that lobbyists and congressional aides use, only half-jokingly, to explain what’s in store for the banking industry as governments crack down with tighter regulation.

Regulators need ways to stem asset bubbles -Bank of England deputy

August 25, 2009

Britain's Chancellor of the Exchequer Alistair Darling (R) and Deputy Governor of Bank of England Charles Bean attend a G7 finance ministers and central bank governors meeting in Rome February 14, 2009. LONDON, Aug 25 (Reuters) – The financial crisis has tipped the arguments in favour of central banks acting to stem asset-price bubbles but they will need new instruments to help them do this, Bank of England Deputy Governor Charles Bean said on Tuesday.

UK’s FSA steps into EU hedge fund spat with study

August 21, 2009

UK’s FSA steps into EU hedge fund spat with study
LONDON, Aug 21 (Reuters) – Britain’s Financial Services Authority has commissioned a cost study of a draft European Union law on the regulation of alternative investment managers, a step hedge funds hope will provide more ammunition to dilute the measure. (more…)

COLUMN-Commodity trading faces altered landscape: John Kemp

August 5, 2009

— John Kemp is a Reuters columnist. The views expressed are his own —

By John Kemp
LONDON, Aug 5 (Reuters) – While the U.S. Commodity Futures Trading Commission (CFTC)’s current review of energy markets is likely to result in only modest changes to the formal regulatory framework, centred on tougher position limits and enhanced reporting, the political landscape for commodity trading has changed profoundly.

from Funds Hub:

Pensioners totter to the rescue

August 4, 2009

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.