Financial Regulatory Forum

France urges looser EU competition rules, wants “big European groups”

March 4, 2010

MARIGNANE, France, March 4 (Reuters) – The EU’s competition policy is preventing the creation of strong European companies and needs to be more flexible, French President Nicolas Sarkozy said on Thursday.

French lower house of parliament backs bank tax

October 23, 2009

PARIS, Oct 23 (Reuters) – France’s lower house of parliament on Friday approved a plan to impose a 10 percent tax on bank profits in 2010 despite opposition from the government.The National Assembly, adopted the opposition-proposed measure by 44 votes to 40.

France worried about euro, wants G20 discussion

September 23, 2009

By Anna Willard
PARIS, Sept 23 (Reuters) – France is concerned about the level of the euro against other currencies and hopes the Pittsburgh G20 will set a timeframe for a future discussion on exchange rates, a French government official said on Wednesday.

G20 heads for crackdown on bank bonuses

September 15, 2009

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.