Financial Regulatory Forum

G7 wants banks to pay for rescue

February 8, 2010
G7 on Ice

G7 on Ice

By Louise Egan and Gernot Heller

IQALUIT, Canada, Feb 6 (Reuters) – The idea of a global tax on banks to recapture bailout costs gained ground over the weekend, boosted by the Obama administration’s latest proposals, but there was no agreement on a specific design.

Euro zone debt woes to add urgency to Arctic G7

February 5, 2010
A summit is coming

A summit is coming

By Jan Strupczewski

IQALUIT, Canada, Feb 5 (Reuters) – Deepening woes about euro zone debt added urgency Friday to a meeting of G7 finance leaders in the Canadian Arctic that includes unique features like ministerial dog sledding and caribou dinners.

UK’s Myners calls for global debate on bank levy

January 18, 2010

LONDON, Jan 18 (Reuters) – Britain’s financial services minister Paul Myners said on Monday he wanted to promote a global debate on how to protect taxpayers from future investment bank failures and warned banks against paying big bonuses.