Financial Regulatory Forum

EU joins U.S. call for more oil market transparency

September 16, 2009

By Jan Strupczewski and Pete Harrison
BRUSSELS, Sept 16 (Reuters) – The European Union has joined the United States in calling for action to improve transparency in oil markets, a draft EU document shows. (more…)

US, Britain to work on clearinghouse oversight

By Reuters Staff
September 15, 2009

Gary Gensler, chairman of the Commodity Futures Trading Commission, testifies before the House Financial services committee on Capitol Hill in Washington July 2009, REUTERS/Yuri Gripas WASHINGTON, Sept 15 (Reuters) – The U.S. Commodity Futures Trading Commission and the United Kingdom’s Financial Services Authority said they will cooperate on the cross-border oversight of clearinghouses.

UK’s Darling to force ‘living wills’ on banks – report

By Reuters Staff
September 15, 2009

LONDON, Sept 15 (Reuters) – UK Finance Minister Alistair Darling plans to force the country’s banks to draw up ‘living wills’ that would allow them to be dismantled more easily in the event of another financial crisis, the Financial Times reported.

UK regulator to pursue firms over structured products

By Reuters Staff
September 11, 2009

LONDON, Sept 11 (Reuters) – Britain’s financial watchdog said on Friday it would be taking action against firms as the result of a review into the structured products sector.

Government intervention said unlikely in EU share-data fragmentation

By Reuters Staff
September 8, 2009

By Huw Jones
LONDON, Sept 8 (Reuters) – Fragmentation of share trading data makes it harder for European investors to spot the best prices but there is no appetite so far for public intervention, industry officials said on Tuesday.
(more…)

Regulator blocks Royal Bank of Scotland payout of subordinated bonds

By Reuters Staff
September 4, 2009

By Jane Baird and Jane Merriman
LONDON, Sept 4 (Reuters) – Royal Bank of Scotland will not exercise options to redeem more than $1.5 billion of subordinated debt next month after regulators objected to it using state aid to repay the low-ranked bondholders.

U.K. banks said to reject applicants over fears of regulator disapproval

September 1, 2009

By Kirstin Ridley
LONDON, Sept 1 (Reuters) – Britain’s leading banks are dropping around 9 percent of applicants for top management positions for fear the regulator will reject them and publicly damage reputations, a law firm said on Tuesday.

UK regulator opposes tight commodity market limits – sources

By Reuters Staff
August 6, 2009

By Christopher Johnson and David Sheppard
LONDON, Aug 6 (Reuters) – The UK’s financial watchdog looks likely to resist moves towards tighter regulation on commodity markets if a meeting it held with oil industry representatives is any guide, industry sources said on Thursday.

UK, oil groups to meet on U.S. regulation pressure

By Reuters Staff
August 4, 2009

Fuel tanker in Britain (file) By Christopher Johnson
LONDON, Aug 4 (Reuters) – Britain’s financial watchdog and the UK Treasury will meet oil industry representatives on Wednesday in response to U.S. pressure for more regulation of commodities markets. (more…)

British regulator launches equities review, dark pools a focus – report

By Reuters Staff
August 4, 2009

LONDON, Aug 3 (Reuters) – Britain’s Financial Services Authority (FSA) has launched a wide-ranging review of UK equity markets, covering aspects such as high-frequency trading and so-called “dark pools,” the Financial Times reported. (more…)