By Jan Strupczewski
BRUSSELS, Sept 16 (Reuters) – The European Union will support maintaining policies that poured trillions of dollars into economies and call on a G20 meeting for progress on trade talks to help boost a recovery, a draft policy document said.
Financial Regulatory Forum
By Jan Strupczewski
By Huw Jones and Anna Willard
PARIS, Sept 15 (Reuters) – Banks with low levels of capital will not be able to offer large bonuses under guidelines the G20 is set to discuss this month, the Financial Stability Board said on Tuesday.
“It’s important that firms conserve profits so they can rebuild capital and support lending,” FSB Chairman Mario Draghi told a news conference.
PARIS, Sept 15 (Reuters) – Central bankers are working on a system to ensure they coordinate exit strategies to avoid any untoward consequences of removing stimulus at different times, a Financial Stability Board official said on Tuesday.
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.
Although the global economy looks brighter than when the Group of 20 finance ministers and central bankers met in April, their closing statement said they would not remove economic stimulus until the recovery was well entrenched.
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.
Finance ministers and central bankers meeting in London agreed fiscal and monetary policy would stay “expansionary” until recovery from the worst financial crisis since World War II was certain, a draft of their joint statement seen by Reuters showed.
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.
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.
By Mike Dolan
LONDON, Aug 5 (Reuters) – Western governments seem set on preventing currency appreciation snuffing out nascent economic recoveries, helping reignite bets on a devaluation of major currencies against those of the emerging economic giants.
By Natsuko Waki
LONDON, Aug 4 (Reuters) – As the world emerges from financial crisis, a new generation of sovereign wealth funds is set to be born, and it may act as a catalyst for the recovery of global markets.
An estimated $3 trillion is currently parked in state-owned funds which manage nations’ windfall earnings from sources such as oil, commodities and trade surpluses. Newly established funds could help to double that figure in coming years. (more…)
By Niklas Pollard and Adam Cox
STOCKHOLM, July 31 (Reuters) – Iceland’s central bank on Friday outlined plans to lift capital controls in the next few months to get the economy functioning more normally, roughly 10 months after the island country’s financial system tottered amid fallout from the global financial crisis.
Also on Friday, the International Monetary Fund and Iceland reached an agreement on economic policy measures under the country’s IMF loan programme.