Financial Regulatory Forum

LONDON, Sept 4 (Reuters) – European officials defended the globally-agreed Basel II capital rules for banks on Friday despite a U.S. call for its replacement with a sweeping new regime within three years.
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    BERLIN, Sept 4 (Reuters) – Germany opposes any plans by the Group of Twenty to limit the size of banks to avoid individual institutions wielding too much influence in future and posing a risk, Germany’s Finance Minister told a newspaper on Friday. (more…)

   By Tetsushi Kajimoto
   TOKYO, Sept 4 (Reuters) – Japan’s next leader, Yukio Hatoyama said on Friday the fact that the Group of 20 finance ministers meeting in London this weekend will discuss financial regulation was a sign the world is reflecting on the excesses of market fundamentalism. (more…)

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.

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By Anna Willard
BRUSSELS, Sept 2 (Reuters) – G20 countries have agreed it is too soon to withdraw measures to end the global economic crisis and will discuss coordinating policy to wind up the trillions of dollars in support at talks in London this week.

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By Anna Willard
BRUSSELS, Sept 2 (Reuters) – European finance ministers pledged on Wednesday to clamp down on banker bonuses, raising the prospect of spreading such payouts over years or demanding back money if business turns sour.

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JEDDAH, Sept 2 (Reuters) – Group of 20 developed countries must stick to banking oversight regulations agreed in the wake of the global financial crisis to avoid a future credit crunch, Saudi Arabia’s central bank governor told the local press agency, citing concerns over backsliding.

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BUENOS AIRES, Sept 1 (Reuters) – The idea of a simple leverage ratio to help anticipate financial crises is unlikely to work, European Central Bank governing council member Christian Noyer said on Tuesday.

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By Anna Willard
PARIS, Sept 1 (Reuters) – France is optimistic about upcoming G20 meetings because many leaders, including British Prime Minister Gordon Brown, have moved closer to the French position, Economy Minister Christine Lagarde said.

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BERLIN, Aug. 31 (Reuters) German Finance Minister Peer Steinbrueck urged colleagues from other G20 nations as soon as possible to start reducing fiscal measures used to tackle the global financial crisis.

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