Financial Regulatory Forum

British bankers dubious over plans for new supervisory body

October 14, 2009

LONDON, Oct 14 (Reuters) – Britain’s banking association cast doubt on Wednesday on plans for a new national body to spot asset bubbles and stop them from getting out of control, saying its members were not sure how it would work.

INTERVIEW – Britain’s FSA seeks to shape regulatory debate

October 9, 2009

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.

Cross-border resolution of troubled banks may be hard – U.S. Fed’s Tarullo

September 30, 2009

Federal Reserve Board of Governors member Daniel Tarullo looks down during his testimony at the Senate Banking Committee on Capitol Hill in Washington,July 23, 2009. (file photo)      REUTERS/Larry Downing (UNITED STATES POLITICS BUSINESS IMAGES OF THE DAY) WASHINGTON, Sept 30 (Reuters) – A member of the U.S. Federal Reserve Board of Governors said on Wednesday it may be difficult to find international consensus on cross-border unwinding of troubled financial institutions.

European Central Bank says will combine tests to get financial pulse

September 30, 2009

By John O’Donnell
GOTHENBURG, Sweden, Sept 30 (Reuters) – The European Central Bank will combine future tests to check the health of the financial system, its vice president said, outlining his vision for a new watchdog to prevent further crises.

ANALYST VIEWS: G20 ends reign of G7 in Pittsburgh

September 26, 2009

U.S. President Barack Obama leaves a news conference at the end of the G20 Summit in Pittsburgh, Pennsylvania September 25, 2009. REUTERS/Jim Young (UNITED STATES POLITICS BUSINESS) PITTSBURGH (Reuters) – Group of 20 leaders on Friday designated themselves as the new forum for steering the world economy, ending the long reign of the G7 as the preeminent committee for guiding global growth:

G20 takes charge of world economy at U.S. summit

September 25, 2009

From L-R, France's President Nicolas Sarkozy, U.S. President Barack Obama and Britain's Prime Minister Gordon Brown walk as they hold a news conference at the G20 Summit in the Pittsburgh Convention Center in Pittsburgh, Pennsylvania, September 25, 2009.  REUTERS/Jacques Witt/Pool    (UNITED STATES)   By Sumeet Desai and Chris Buckley
   PITTSBURGH, Sept 25 (Reuters) – The Group of 20 will become the forum for global economic management, giving rising powers such as China more clout, and roll out tougher rules on bank capital by the end of 2012, a draft communique said on Friday. (more…)

Finnish banks can cope if economy slumps-watchdog

September 25, 2009

    HELSINKI, Sept 25 (Reuters) – Capital supports in Finland’s banking sector are strong enough to cushion it against crisis even if the economy turns clearly weaker than forecast in 2010-2011, the Finnish Financial Supervisory Authority said. (more…)

G20 takes center stage in new economic world order

September 25, 2009

France's President Nicolas Sarkozy (L) and his wife Carla Bruni-Sarkozy (2nd R) stand with U.S. President Barack Obama and first lady Michelle Obama as they arrive at the Phipps Conservatory for an opening reception and working dinner for heads of delegation at the Pittsburgh G20 Summit in Pittsburgh, Pennsylvania, September 24, 2009.     REUTERS/Philippe Wojazer (UNITED STATES POLITICS BUSINESS IMAGES OF THE DAY)   By Emily Kaiser and Darren Ennis
   PITTSBURGH, Sept 25 (Reuters) – The Group of 20 rich and developing countries were set to anoint themselves as caretakers of the global economy on Friday, giving rising stars such as China and India more say in world affairs. (more…)

EU to support stimulus, push on trade talks at G20

September 16, 2009

Jean-Pierre Jouyet, head of French market watchdog AMF, is seen in this file photo taken May 18, 2007. REUTERS/Benoit Tessier (FRANCE) By Jan Strupczewski
BRUSSELS, Sept 16 (Reuters) – The European Union will support maintaining policies that poured trillions of dollars into economies and call on a G20 meeting for progress on trade talks to help boost a recovery, a draft policy document said.