Financial Regulatory Forum

Germany, France want tougher bank bonus rules at G20

German Finance Minister Peer Steinbrueck arrives to the weekly cabinet meeting in Berlin, August 5, 2009.   REUTERS/Fabrizio Bensch (GERMANY POLITICS) BERLIN, Aug 26 (Reuters) – Germany and France want G20 nations to reach an agreement on tougher rules governing bonus payments in the financial sector, German Finance Minister Peer Steinbrueck said in an interview published on Wednesday.

“We need international agreement here as well,” the Handelsblatt newspaper quoted Steinbrueck as saying with regard to the Group of 20 meeting of finance ministers hosted by Britain next week.

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G20 states unlikely to come clean on government accounting

By Huw Jones
LONDON, Aug 24 (Reuters) – Governments are responding to the credit crisis by trying to make corporate accounting more transparent. But they look set to resist pressure to come clean on their own finances.

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France pushes bankers on bonuses ahead of G20

France's President Nicolas Sarkozy speaks to the media in the courtyard at the Elysee Palace in Paris July 29, 2009. By Anna Willard
PARIS, Aug 24 (Reuters) – President Nicolas Sarkozy will push French bankers this week to do more to restrict bonuses so he can hold them up as a good example to other countries at meetings of the Group of 20 in September.

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UK’s FSA steps into EU hedge fund spat with study

UK’s FSA steps into EU hedge fund spat with study
LONDON, Aug 21 (Reuters) – Britain’s Financial Services Authority has commissioned a cost study of a draft European Union law on the regulation of alternative investment managers, a step hedge funds hope will provide more ammunition to dilute the measure. (more…)

Bankers’ pay to be discussed at G20 – UK’s Darling

BRITAIN/   LONDON, Aug 20 (Reuters) – British finance minister Alistair Darling said on Thursday the issue of bankers’ pay needed to be looked at on an international basis and would be discussed by G20 finance ministers in September.
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Drive for international accounting convergence slows

By Huw Jones
LONDON, Aug 17 (Reuters) – The credit crisis is hindering as well as helping the drive to create a globally accepted set of accounting rules, and it may take intervention by world leaders to keep the effort on track.

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