Financial Regulatory Forum

   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.
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   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.
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   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.”
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   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.
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   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.
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    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.
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   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…)

    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.
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    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.
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   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.
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