LONDON, Sept 30 (Reuters) – Britain’s financial regulator said on Wednesday it will sketch out how to determine if a bank poses risks to the broader system , and may require higher capital charges to contain risks.
Financial Regulatory Forum
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.
LONDON, Sept 3 (Reuters) – UK financial regulator Chairman Lord Adair Turner backed plans to make systemically important banks draw up “living wills” or wind-down plans in case they fail, the FT reported on Thursday.
LONDON, Sept 1 (Reuters) – The UK market regulator, FSA, said on Tuesday it will fine or suspend market operators involved in manipulation practices known as “spoofing” and “layering.”
The warning follows a 35,000 pound ($57,130) fine imposed last year by the London Stock Exchange on an unidentified firm.
By Kate Kelland and Huw Jones
LONDON, Aug 27 (Reuters) – The UK Treasury and industry groups on Thursday poured cold water on support from the country’s top market regulator for a global tax to curb excessive bank bonuses.
Financial Services Authority Chairman, Adair Turner, sparked industry ire after saying a “Tobin” style tax may be needed.
LONDON, Aug 26 (Reuters) – The chairman of Britain’s Financial Services Authority (FSA) said he would back higher taxes on the country’s financial sector to prevent institutions making excessive profits and to curb excessive pay.
LONDON, Aug 12 (Reuters) – Britain’s financial regulator on Wednesday banned guaranteed banker bonuses for more than one year as part of a global crackdown on a culture of excessive risk-taking that has destabilised economies.
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.
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…)