Financial Regulatory Forum

Swiss may need laws on banks’ structure-experts

April 22, 2010

    BERNE, April 22 (Reuters) – Switzerland may have to force its large banks UBS<UBSN.VX> and Credit Suisse<CSGN.VX> to change their structure in order to limit the risks for the economy should either collapse, a government commission said on Thursday. (more…)

EU “cookie-cutter” bank overhaul policy under fire

November 3, 2009

European Commissioner in charge of Competition Neelie Kroes delivers a speech at a conference on State Aid Private Enforcement in Brussels October 19, 2009. REUTERS/Sebastien Pirlet    By Edward Taylor and Kirstin Ridley
FRANKFURT/LONDON, Nov 3 (Reuters) – Neelie Kroes’s campaign to shrink banks and launch vast asset sales has angered bankers, who accuse the firebrand European competition commissioner of kicking the industry when it’s down.Investment bankers close to some of the bailed-out lenders blame Kroes for undermining attempts to rebuild the once-lucrative industry by forcing massive, near-simultaneous asset sales, while banning acquisitions.

ING breakup spurs investor concern over state-aided banks

October 27, 2009

The headquarters of Dutch bank and insurance group ING is pictured in Amsterdam in this file photo taken February 29, 2008. Dutch financial group ING will take a 2008 loss of 1 billion euros and will tap into a Dutch state guarantee for its troubled loan portfolio, it said on January 26, 2009, adding its Chief Executive Michel Tilmant will step down. Picture taken February 29, 2008. REUTERS/Toussaint Kluiters/United Photos/Files    (NETHERLANDS)    By Kirstin Ridley and Steve Slater
LONDON, Oct 27 (Reuters) – Investors are shunning European bank shares after an EU-imposed break-up and retrenchment of Dutch ING Groep sparked fears Belgium’s KBC and UK peers face tougher-than-expected sanctions in return for state aid.

ANALYSIS-Extended U.S. bankruptcies killed by cheap debt

October 2, 2009

Cory Lipoff, the Executive Vice President and Principal of Hilco Merchant Resources, LLC speaks at the 2009 Reuters Restructuring Summit, September 30, 2009. REUTERS/Brendan McDermid (UNITED STATES BUSINESS) By Tom Hals
NEW YORK, Oct 2 (Reuters) – Years of easy credit followed by an economic downturn have led to a predictable wave of bankruptcies, but with a twist: layers of debt have essentially killed the expensive, drawn-out bankruptcies of the past.

EU’s Kroes says Lloyds bank needs to shrink presence

September 29, 2009

BRUSSELS, Sept 29 (Reuters) – Partially-nationalised British
bank Lloyds needs to shrink its activities in areas
where it is currently dominant to compensate for taking billions
of pounds in state aid, the European Union’s antitrust chief

State-aided banks may need to sell assets – EU commission

July 23, 2009

By Foo Yun Chee
BRUSSELS, July 23 (Reuters) – Crisis-hit banks may have to divest assets and hold back on acquisitions to gain European Union regulatory approval for their state bailouts, the European Commission said on Thursday. (more…)