Financial Regulatory Forum

Banks eye clock on tougher capital rules, may face pressure to act soon

By Reuters Staff
September 8, 2009

Governor of the Bank of Italy Mario Draghi, who also chairs the international Financial Stability Board, speaks during the International Organisation of Securities Commissions (IOSCO) annual meeting in Tel Aviv June 10, 2009. REUTERS/Gil Cohen Magen By Huw Jones and Steve Slater
LONDON, Sept 8 (Reuters) – Banks face pressure to raise billions of dollars in fresh equity to meet tough new capital rules and many European lenders may need to act soon to improve quality even though the proposals will not be fully felt for several years.
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ECB officials defend Basel as US plans replacement

By Reuters Staff
September 4, 2009

Bank of France Governor Christian Noyer attends a conference organized by the Paris Club and Institute for International Finance (IIF) on the impact of the crisis on emerging and developing countries in Paris June 25, 2009.  REUTERS/Benoit Tessier LONDON, Sept 4 (Reuters) – European officials defended the globally-agreed Basel II capital rules for banks on Friday despite a U.S. call for its replacement with a sweeping new regime within three years.
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U.S. senator seeks details of Geithner’s ‘colorful language,’ gets nowhere

August 5, 2009

GEITHNER (FILE PHOTO) U.S. Senator Jim Bunning asked a Treasury Department official the question other lawmakers had avoided at a banking committee hearing on Wednesday — so, what about that profanity-laced tirade by Treasury Secretary Timothy Geithner?

U.S. bank regulators dig in against Obama shake-up

By Reuters Staff
August 4, 2009

U.S. Treasury Secretary Timothy Geithner (file photo) WASHINGTON, Aug 4 (Reuters) – Disagreement within the Obama administration over reshaping U.S. financial regulation flared on Tuesday, with top bank regulators defending their turf against key parts of a broad bank supervision overhaul plan. (more…)

U.S. financial regulators stake out turf defenses

By Reuters Staff
July 24, 2009

U.S. Treasury Secretary Timothy GeithnerBy Kevin Drawbaugh
WASHINGTON, July 24 (Reuters) – Senior U.S. financial regulators defended their turf in remarks to be delivered on Friday at a congressional hearing on the Obama administration’s sweeping regulatory reform agenda. (more…)