Financial Regulatory Forum

US FDIC proposes tough private equity guidelines

   By Karey Wutkowski and Paritosh Bansal
   WASHINGTON/NEW YORK, July 2 (Reuters) – Private equity groups seeking to buy failed U.S. banks would have to maintain very high capital levels and remain owners for three years under tough guidelines proposed on Thursday that some bank regulators fear could deter needed investment.

US to give regulatory reforms details next week

   WASHINGTON, July 2 (Reuters) – The Obama administration is aiming to release detailed legislative language for its proposals on corporate governance, shareholder rights, and derivatives regulation next week, sources familiar with the plans said Thursday.

UK’s Darling warns bankers against complacency-paper

Britain's Chancellor of the Exchequer Alistair Darling    LONDON, July 2 (Reuters) – British finance minister Alistair Darling warned bankers against complacency and returning to excessive risk-taking in an interview with the Independent, adding some needed to be “brought back to earth.”

Private equity slams proposed banking rules

   By Megan Davies
   NEW YORK, July 2 (Reuters) – Private equity investment in troubled banks will be deterred and curbed by stringent guidelines proposed by U.S. bank regulators, executives and an industry body said on Thursday.

UK’s FSA unveils new structure to beat bank crises

Hector Sants, chief executive of the Financial Services Authority (FSA)   LONDON, July 2 (Reuters) – Britain’s Financial Services Authority, the country’s financial market regulator, on Thursday unveiled a new structure designed to help it tackle banking crises more effectively.

UK lawmakers query FSA role of BoE’s Miles

David Miles    LONDON, July 2 (Reuters) – British lawmakers backed the appointment of David Miles to the Monetary Policy Committee on Thursday but said they were worried about a possible conflict of interest from his role at the Financial Services Authority.

France pushing tougher financial regulation

   By Anna Willard
   PARIS, July 2 (Reuters) – France said on Thursday it will not allow draft EU rules to regulate hedge funds to pass unless they are toughened, putting it at odds with Britain which has been trying to dilute them. (more…)

Bank of England’s Besley-too soon to know when to unwind QE

Bank of England policymaker Tim Besley     LONDON, July 2 (Reuters) – It is too early for the Bank of England to judge when it will need to start withdrawing the massive stimulus it has delivered to the economy, policymaker Timothy Besley said on Thursday.

S.Korea scrutinises bank M&A financing practices

Daewoo Centre Building, former Daewoo Group headquarters, which is being remodeled by Daewoo Engineering & Construction, is seen in Seoul June 29, 2009. South Korea's Kumho Asiana Group said it had decided to put Daewoo Engineering & Construction up for a sale to ease investors worries about its liquidity.   REUTERS/Lee Jae-Won (SOUTH KOREA BUSINESS)    SEOUL, July 2 (Reuters) – South Korea has started looking into banks’ practice of participating in mergers and acquisitions deals as financial investors, an official said on Thursday, signalling a possible measure to limit M&A financing.

New York plan to offer bank shelf charters on hold

   By Paritosh Bansal
   NEW YORK, July 1 (Reuters) – A New York plan to offer pre-approved bank charters is on hold after a bill did not make it through the state’s legislature, in a setback to private equity and other investors looking to buy banks.