Financial Regulatory Forum

Japan’s FSA to regulate CDS clearinghouse participation-Nikkei

April 13, 2010

   April 13 (Reuters) – Japan’s Financial Services Agency (FSA) plans to introduce a capital requirement for credit default swap clearinghouses and an accreditation system for their major shareholders, the Nikkei business daily reported. (more…)

UK’s FSA doubts value of high speed share trading

March 18, 2010

    LONDON, March 18 (Reuters) – Sophisticated forms of high-speed share trading have questionable value and may create risks for the market, Britain’s top financial regulator said on Thursday. (more…)

ANALYSIS-Carry trades fly onto regulators’ radar screens

By Reuters Staff
February 11, 2010

By Mike Dolan
   LONDON, Feb 11 (Reuters) – As governments seek to root out and smother what they see as excessively risky and questionable financial market activity, the world of so-called currency “carry trades” has found its way onto their radar. (more…)

ANALYSIS-Carry trades fly onto regulators’ radar screens

February 10, 2010
Turner says carry trades 'economically valueless'

Turner says carry trades 'economically valueless'

    By Mike Dolan
   LONDON, Feb 10 (Reuters) – As governments seek to root out and smother what they see as excessively risky and questionable financial market activity, the world of so-called currency “carry trades” has found its way onto their radar. (more…)

UK FSA head says credit expansion must be controlled

February 8, 2010

BANKS-REGULATION/    PARIS, Feb 8 (Reuters) – The expansion of credit to fund the purchase of existing assets needs to be more carefully controlled, Adair Turner, the chairman of Britain’s Financial Services Authority said in a newspaper interview on Monday. (more…)

BREAKINGVIEWS-FSA too weak on hybrid capital

December 11, 2009

– The author is a Reuters Breakingviews columnist. The opinions expressed are his own – 
   By George Hay
   LONDON, Dec 11 (Reuters Breakingviews) – The Financial Services Authority needs to be tougher on bank capital. The UK regulator is considering allowing banks to count their current stock of hybrid securities as part of loss-absorbing reserves for another decade, and potentially longer. Such a grandfathering goes against the FSA’s policy goal of improving the quality of bank capital. (more…)

UK watchdog FSA sees tougher trading supervision

November 24, 2009

fsa_logo   By Huw Jones
   LONDON, Nov 23 (Reuters) – The UK financial services sector must face a “profound shift in regulatory philosophy” that includes tougher curbs on trading to cut risk, Britain’s financial watchdog said. (more…)

FSA says bank bonuses should take account of govt help

October 19, 2009

   LONDON, Oct 19 (Reuters) – Britain’s financial regulator said on Monday banks should consider their wider responsibility to society and “soft” government guarantees that have helped to support them, before deciding on bonus payouts later this year. (more…)

UK regulator outlines plans to ban “liar loans”

October 19, 2009

   LONDON, Oct 19 (Reuters) – Britain’s financial regulator plans to force mortgage lenders to check the income of all borrowers, scrapping so-called “liar loans” blamed for helping to fuel bad debt problems at the heart of the credit crunch. (more…)

UK bank liquidity rules phased in over years

October 5, 2009

fsa_logo By Huw Jones
LONDON, Oct 5 (Reuters) – Britain’s financial watchdog said on Monday that banks will have several years to comply with tougher liquidity rules aimed at ensuring the sector can navigate sudden market storms without government help. (more…)