PARIS, Sept 14 (Reuters) – Leaders of the Group of 20 nations will probably maintain stimulus policies for the moment as the crisis continues despite recent hopeful signs in some economies, IMF chief Dominique Strauss-Kahn said on Monday. (more…)
Financial Regulatory Forum
By Jeff Mason
WASHINGTON, Sept 8 (Reuters) – U.S. President Barack Obama laid out a broad vision on Tuesday for the upcoming G20 meeting he will host, saying the world’s biggest economies must “lay the groundwork” for sustainable economic growth in the future.
By Huw Jones and Steve Slater
LONDON, Sept 8 (Reuters) – Banks face pressure to raise billions of dollars in fresh equity to meet tough new capital rules and many European lenders may need to act soon to improve quality even though the proposals will not be fully felt for several years.
By Edward Taylor
FRANKFURT, Sept 8 (Reuters) – Top bankers defended their culture of bonuses on Tuesday against an onslaught of regulation that aims to put them on a tighter leash almost a year after Lehman Brothers collapsed. Executives from Credit Suisse Group AG, Morgan Stanley and Deutsche Bank AG said the global financial system needed reform but defended a bonus-driven system that critics say encouraged banks to take big risks.
By Huw Jones
LONDON, Sept 5 (Reuters) – The G20 made progress on Saturday in toughening up financial rules but vague compromises over bank capital and pay curbs indicate that fundamental issues remain unresolved. (more…)
By Sumeet Desai and Louise Egan
LONDON (Reuters) – G20 finance leaders on Saturday took aim at excessive bank pay and risk-taking at the root of the financial crisis and insisted trillions of dollars of emergency economic supports would be needed for some time.
By Glenn Somerville and Toni Vorobyova
LONDON (Reuters) – G20 finance leaders pledged on Saturday to keep economic life-support packages in place until a recovery is firmly secured, but reached no deal on putting limits on bankers’ pay.
By Sumeet Desai and Anna Willard
LONDON, Sept 4 (Reuters) – World finance leaders shifted their focus from crisis fighting to banking reform on Friday as evidence mounted that the worst global recession in decades was finally drawing to a close.
By Sumeet Desai and Matt Falloon
LONDON, Sept 4 (Reuters) – British finance minister Alistair Darling on Friday threw his weight behind U.S. proposals to strengthen the capital buffers of banks but said there were still differences of opinion among international policymakers.