Financial Regulatory Forum

from The Great Debate:

Taxing spoils of the financial sector

April 22, 2010

If you want less of something, tax it.

That truism is often used as an argument against a tax on profits, or health benefits, or employment, but in the case of the rents extracted from the economy by the financial services industry here's hoping it proves more of a promise than a threat.

SCENARIOS – G20 efforts to agree on a bank levy

By Reuters Staff
March 31, 2010

By Huw Jones

LONDON, March 31 (Reuters) – France backed Germany’s plans for a bank levy on Wednesday to boost momentum for a global deal among the G20 group of leading countries later this year.

South Africa to implement financial services reforms

By Reuters Staff
February 17, 2010

  CAPE TOWN, Feb 17 (Reuters) – South Africa will implement financial regulatory reforms in line with G-20 recommendations, including better management of foreign risk exposure of banks and institutional investors, the National Treasury said on Wednesday.

Global accounting body IASB shores up defences, investor focus

By Reuters Staff
February 15, 2010

By Huw Jones

LONDON, Feb 15 (Reuters) – The world’s leading accounting standards setter bolstered its defences from political pressure on Monday and reinforced its role as an independent guide to investors rather than a tool for policymakers.

INTERVIEW-UK’s Darling-breaking up banks not the answer

By Reuters Staff
January 28, 2010

By Sumeet Desai

LONDON, Jan 28 (Reuters) – Breaking up banks and going it alone in reforming regulation is not the magic solution to avoiding future crises, British finance minister Alistair Darling told Reuters on Thursday.

UK’s Brown sees growing support for bank levy

By Reuters Staff
January 25, 2010

By Keith Weir

LONDON, Jan 25 (Reuters) – British Prime Minister Gordon Brown said on Monday he saw growing support for some form of international levy on banks to fund support for the industry.

Obama bank plan surprises Europe, muddies global coordination

By Reuters Staff
January 22, 2010

By Huw Jones

LONDON, Jan 22 (Reuters) – U.S. President Barack Obama’s plans to rein in banks puts Europe on the back foot and creates confusion over global efforts to coordinate financial regulation, lawyer and regulatory officials said on Friday.

Merkel says G20 needs to act on big banks’ influence

By Reuters Staff
January 20, 2010

BERLIN, Jan 20 (Reuters) – The Group of 20 economic powers needs to develop a set of rules to prevent banks becoming so big that they can hold governments to ransom, German Chancellor Angela Merkel said on Wednesday.

Germany’s Merkel says G20 needs to act on big banks’ influence

January 20, 2010

Merkel warning    BERLIN, Jan 20 (Reuters) – The Group of 20 economic powers need to develop a set of rules to prevent banks becoming so big that they can hold governments to ransom, German Chancellor Angela Merkel said on Wednesday. (more…)

FACTBOX-Global regulators seek to plug supervision gaps

By Reuters Staff
January 8, 2010

Jan 8 (Reuters) – A forum of global financial regulators put forward 17 recommendations on Friday covering supervision of hedge funds, credit derivatives and mortgages in a bid to plug supervisory gaps highlighted by the financial crisis.