Financial Regulatory Forum

Lagarde says France could legislate on bonuses

G20/     LONDON, Sept 4 (Reuters) – France would be prepared to turn its recently proposed new rules on bonuses into legislation, Economy Minister Christine Lagarde said on Friday. (more…)

UK, France, Germany urge G20 post-crisis plan, tougher regulation and tax measures

German Chancellor Angela Merkel (R) speaks with French President Nicolas Sarkozy and British Prime Minister Gordon Brown (C) at the start of a meeting in the Chancellery in Berlin, February 22, 2009. By Yann Le Guernigou
CALIGNY, France, Sept 3 (Reuters) – Britain, France and Germany called on the G20 on Thursday to discuss exiting measures implemented to tackle economic crisis, as well as limits on bank bonuses, at an upcoming summit in Pittsburgh.

In a joint letter to European leaders, British Prime Minister Gordon Brown, German Chancellor Angela Merkel and French President Nicolas Sarkozy said major economies had to avoid creating new global imbalances as the recession receded.


France says would back Swiss removal from OECD tax “grey list”

PARIS, Sept 1 (Reuters) – Switzerland has made a major effort in terms of transparency on tax issues and France would support its eventual removal from the OECD’s grey list, Economy Minister Christine Lagarde said on Tuesday.


Swiss tax info came from banks, informers -France

PARIS, Aug 31 (Reuters) – France obtained the names of 3,000 suspected tax evaders with Swiss bank accounts from banks and unpaid informers, Budget Minister Eric Woerth said on Monday.


Germany, France want tougher bank bonus rules at G20

German Finance Minister Peer Steinbrueck arrives to the weekly cabinet meeting in Berlin, August 5, 2009.   REUTERS/Fabrizio Bensch (GERMANY POLITICS) BERLIN, Aug 26 (Reuters) – Germany and France want G20 nations to reach an agreement on tougher rules governing bonus payments in the financial sector, German Finance Minister Peer Steinbrueck said in an interview published on Wednesday.

“We need international agreement here as well,” the Handelsblatt newspaper quoted Steinbrueck as saying with regard to the Group of 20 meeting of finance ministers hosted by Britain next week.


France steps up moves to curb bank bonuses

SAUDI/FRANCE   PARIS, Aug 17 (Reuters) – French Economy Minister Christine Lagarde repeated a pledge on Monday to limit guaranteed bonus payments to bank executives and traders ahead of meetings next week with finance heads and President Nicolas Sarkozy.

Thomson SA to test new Europe CDS settlement rules

thomson-logo   By Natalie Harrison
   LONDON, Aug 13 (Reuters) – A credit event at France’s Thomson SA, the first to feature in a current benchmark European credit default swap index, will test the market’s ability to cope with complex new auction rules to settle CDS.

UK, France seek ways to curb oil price volatility, end tax havens

  By Estelle Shirbon 
  EVIAN, France, July 6 (Reuters) – France and Britain called for action to curtail oil price volatility on Monday as part of a move towards tougher global governance to prevent a return to economic problems that existed before the financial crisis.   Speaking at a Franco-British summit ahead of a meeting of G8 leaders in Italy this week, British Prime Minister Gordon Brown also said that tax havens should accelerate their reforms towards greater transparency for the good of the world economy. (more…)

France pushing tougher financial regulation

   By Anna Willard
   PARIS, July 2 (Reuters) – France said on Thursday it will not allow draft EU rules to regulate hedge funds to pass unless they are toughened, putting it at odds with Britain which has been trying to dilute them. (more…)

Credit Suisse to pass client names to French regulator


Hans-Ulrich Doerig, chairman of Credit Suisse   ZURICH, July 1, (Reuters) – Swiss bank Credit Suisse said on Wednesday it will pass the names of clients holding French securities to the French markets authority. Partly confirming an article in Swiss daily Le Temps, a Credit Suisse spokesman said the bank, one of the world’s biggest wealth managers, has sent a letter to French clients holding French stocks or bonds. (more…)