Financial Regulatory Forum

Major central banks, regulators working on exit strategy system – official

PARIS, Sept 15 (Reuters) – Central bankers are working on a system to ensure they coordinate exit strategies to avoid any untoward consequences of removing stimulus at different times, a Financial Stability Board official said on Tuesday.

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Banks eye clock on tougher capital rules, may face pressure to act soon

Governor of the Bank of Italy Mario Draghi, who also chairs the international Financial Stability Board, speaks during the International Organisation of Securities Commissions (IOSCO) annual meeting in Tel Aviv June 10, 2009. REUTERS/Gil Cohen Magen By Huw Jones and Steve Slater
LONDON, Sept 8 (Reuters) – Banks face pressure to raise billions of dollars in fresh equity to meet tough new capital rules and many European lenders may need to act soon to improve quality even though the proposals will not be fully felt for several years.
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G20 aims at bank pay and capital; stimulus to stay

By Sumeet Desai and Louise Egan

LONDON (Reuters) – G20 finance leaders on Saturday took aim at excessive bank pay and risk-taking at the root of the financial crisis and insisted trillions of dollars of emergency economic supports would be needed for some time.

Although the global economy looks brighter than when the Group of 20 finance ministers and central bankers met in April, their closing statement said they would not remove economic stimulus until the recovery was well entrenched.

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G20 to stick with stimulus, little move on bank pay

By Glenn Somerville and Toni Vorobyova

LONDON (Reuters) – G20 finance leaders pledged on Saturday to keep economic life-support packages in place until a recovery is firmly secured, but reached no deal on putting limits on bankers’ pay.

Finance ministers and central bankers meeting in London agreed fiscal and monetary policy would stay “expansionary” until recovery from the worst financial crisis since World War II was certain, a draft of their joint statement seen by Reuters showed.

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