Financial Regulatory Forum

UK move to limit bank branches irks global lenders

February 17, 2010

 By Kirstin Ridley

LONDON, Feb 17 (Reuters) – A quest by British regulators to protect local taxpayers by pruning the branches of global banks is riling the industry and risks running roughshod over a principle of free movement within Europe.

UK’s top financial regulator quits

February 9, 2010
Summer departure

Summer departure

By Kirstin Ridley and Clara Ferreira-Marques

LONDON, Feb 9 (Reuters) – Britain’s top financial regulator announced he was to step down, surprising markets and casting doubt over the future of the Financial Services Authority and an overhaul of the sector.

BREAKINGVIEWS – Goldman bonus delay raises puzzling questions

January 19, 2010

— The author is a Reuters Breakingviews columnist. The opinions expressed are his own —

UK authorities propose measures on OTC derivatives

December 16, 2009

LONDON, Dec 16 (Reuters) — Britain’s Treasury and Financial Services Authority proposed regulatory measures for over-the-counter derivative products on Wednesday, including higher capital charges for non-centrally-cleared trades.

No plan yet to extend banker pay rules – UK’s FSA

December 8, 2009

LONDON, Dec 8 (Reuters) – Britain’s financial watchdog said on Tuesday it had no plans to alter existing curbs on bankers’ bonuses and remuneration, or to extend them beyond the banking sector, until it reviews the rules in the middle of next year.

Draft UK bank law confirms tougher watchdog powers

November 19, 2009

Britain's Chancellor of the Exchequer Alistair Darling and his wife Margaret leave 10 Downing Street to attend the State Opening of Parliament, in central London November 18, 2009.       REUTERS/Suzanne Plunkett (BRITAIN POLITICS)By Huw Jones
LONDON, Nov 19 (Reuters) – Britain’s financial watchdog will have powers to claw back bank bonuses that breach globally agreed rules on remuneration and force hedge funds to provide data, a draft law published on Thursday showed.

Facing defeat, UK government targets deficit, bank pay

November 18, 2009

By Keith Weir and Matt Falloon
LONDON, Nov 18 (Reuters) – Britain’s Labour government promised on Wednesday to halve its huge budget deficit and curb bankers’ pay in the hope of reviving its popularity before a national election next year.

Britain’s financial reform faces carve-up threat

November 18, 2009

Britain's Prime Minister Gordon Brown (L) and Leader of the opposition Conservative Party David Cameron walk through the Members' Lobby of the Houses of Parliament before the State Opening of Parliament, in central London November 18, 2009.      REUTERS/Dominic Lipinski/Pool    LONDON, Nov 18 (Reuters) – Britain’s opposition Conservative Party said it would ditch the core of a financial sector reform bill if it wins power next year, but lawyers expect other parts such as curbs on bankers’ pay would be introduced.

New EU finance watchdogs seen muzzled on companies

November 18, 2009

By Jonathan Gould
FRANKFURT, Nov 18 (Reuters) – Three new pan European Union financial watchdogs being set up next year are expected to have limited powers when it comes to individual markets and companies, officials said.

Britain to make it easier to sue banks – government source

November 16, 2009

LONDON, Nov 16 (Reuters) – The British government will this week outline legislation allowing consumers to group together to claim damages from financial institutions that mislead customers over financial products, a government source said on Monday.