Financial Regulatory Forum

UK regulator plans to scrap “liar loans” – source

By Clara Ferreira-Marques
LONDON, Oct 13 (Reuters) – Britain’s financial watchdog plans to propose a ban on self-certified mortgages, nicknamed “liar loans” because of the ease which they could be obtained in the housing bubble of the early 2000s, an industry source said.


INTERVIEW – Britain’s FSA seeks to shape regulatory debate

By Huw Jones
BASEL, Switzerland, Oct 8 (Reuters) – The UK’s Financial Services Authority hopes its rapid introduction of tougher liquidity rules for banks will help speed up and shape global rulemaking, its new international director said.


COLUMN – FSA timing on liquidity rules critical: Peter Thal Larsen

– Peter Thal Larsen is a Reuters columnist. The views expressed are his own –

By Peter Thal Larsen
LONDON, Oct 6 (Reuters) – The UK’s Financial Services Authority has come up with a sensible set of rules to shore up banks’ liquidity buffers. But the real test will be managing the transition. Banks know they will have to buy tens of billions of pounds of government bonds, but the regulator is being deliberately vague about when. There are substantial risks if the FSA gets its timing wrong.


COLUMN-Tin squeeze tests regulator’s mettle in U.K.: John Kemp

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

By John Kemp
LONDON, Oct 5 (Reuters) – The year-long squeeze in the London Metal Exchange’s tin contract has renewed intense criticism about the ineffectiveness of commodity regulation in London. It comes at an awkward time, just as the UK authorities try to resist pressure from the United States to introduce stricter market oversight and tougher position limits.

The squeeze has focused attention on contrasting approaches to market regulation. U.S. regulators have long relied on position limits to ensure markets cannot be cornered by a single participant and prices reflect a diversity of views. (more…)

U.K. poised to revive panel to vet bank directors – FT

LONDON, Oct 2 (Reuters) – The UK’s Financial Services Authority aims to have a regulatory committee operating by the end of the year to vet the appointment of directors to Britain’s banks, the Financial Times reported in its Friday edition.


U.K. watchdog agrees to analyse impact of new bank rules

LONDON, Sept 30 (Reuters) – Britain’s financial regulator said on Wednesday it will sketch out how to determine if a bank poses risks to the broader system , and may require higher capital charges to contain risks.


UK regulator adopts choice in domestic stock listing standards

LONDON, Sept 25 (Reuters) – Britain’s market watchdog will offer domestic firms a choice of stock market listings, putting them on an equal footing with foreign companies to help keep London competitive as a financial centre.


COLUMN-”Tobin tax” gaining ground in Europe: Paul Taylor

James Tobin By Paul Taylor
PARIS, Sept 21 (Reuters) – No longer just a hopeless cause for anti-capitalist activists, the idea of a global tax on financial transactions is gaining ground in Europe.


UK says “living wills” to drive bank restructurings

British Financial Services Minister Paul Myners (file) By Huw Jones
LONDON, Sept 18 (Reuters) – Mandatory “living wills” for banks in Britain will spark major restructuring in the sector in the next few years, a UK minister said on Friday.


US, UK regulators to seek similar hedge fund data

U.S. Securities and Exchange Commission Chairman Mary Schapiro testifies before the Senate Banking Committee on Capitol Hill in Washington, June 22, 2009. REUTERS/Jim Young WASHINGTON, Sept 16 (Reuters) – Securities regulators from the United States and Britain plan to identify a common set of data to collect from hedge funds, the U.S. Securities and Exchange Commission said on Wednesday.