Financial Regulatory Forum

Banks should hold more capital for risk -Santander

    LONDON, Feb 23 (Reuters) – Spain’s Santander <SAN.MC>, Europe’s second biggest bank, said forcing banks to hold more capital to cover riskier activities would be better than forcing the break-up of big lenders. (more…)

Spanish firms could resist voting changes-paper

    MADRID, Feb 22 (Reuters) – Three of Spain’s most important listed companies are considering uniting to resist a government proposal to abolish “poison pill” rules which limit shareholder voting rights, Expansion newspaper reported on Monday, without citing its sources. (more…)

Spain tightens proposed hedge fund rules

SPAIN    By Huw Jones
   LONDON, Feb 16 (Reuters) – European Union president Spain tightened proposed rules to regulate hedge funds and private equity groups, prompting accusations of protectionism from within the industry but potentially speeding up moves towards a deal. (more…)

EU sees positive outcome on Spanish bank fund

(Adds more quotes, background)

BRUSSELS, Jan 18 (Reuters) – The European Commission said on Monday it was confident of issuing a positive decision on a Spanish government scheme to help crisis-hit banks avert any solvency problems.

Spain set up the 9-billion-euro ($13 billion) bank restructuring fund (FROB) in June last year, allowing lenders to borrow up to 90 billion euros, in a move that may spur consolidation among the country’s savings banks.

Three savings banks from northern Spain agreed last week to postpone plans to merge until the European Union’s executive Commission had ratified the FROB restructuring plan.

EU banks solid, stress test shows-Spain finmin

Spain's Economy Minister Elena Salgado listens to a question during a news conference at the G20 Finance Ministers summit in London September 5, 2009. Finance ministers and central bankers from the G20 nations were meeting in London on Saturday to lay the foundations for a summit of leaders in the U.S. city of Pittsburgh later this month.    REUTERS/Kevin Coombs     (BRITAIN BUSINESS POLITICS)    GOTHENBURG, Sweden, Oct 1 (Reuters) – The European banking sector is solid enough to withstand a deterioration of economic conditions and under the worst case scenario could face 400 billion euros of write-downs, Spanish Finance Minister Elena Salgado said.
   “The ministers shared the view that the 22 systemic banks (in Europe) are solid enough to resist a deterioration of conditions. This deterioration will not happen,” Salgado told reporters on the sidelines of an EU finance ministers’ meeting.
   Asked about the 400 billion euros figure, reported in the media, she said : “In the worst case scenario, the maximum total of risks would be around this figure.
   ((Reporting by Julien Toyer, writing by Jan Strupczewski, tel +32 2 287 68 37, fax  +32 2 230 55 73, e-mail: jan.strupczewski@reuters.com; RM: jan.strupczewski.reuters.com@reuters.net))
 Keywords: EU BANKS/TEST 
  
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 Thursday, 01 October 2009 17:17:35RTRS [nWEA3388] {EN}ENDS

Spain backs tighter hedge fund rules -Guardian

G20/    LONDON, Sept 11 (Reuters) – Spain’s Economy Minister, Elena Salgado, has backed European Union plans for tougher regulations on hedge funds in an interview with the Guardian on Friday. (more…)

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