Financial Regulatory Forum

UK’s Brown sees growing support for bank levy

By Reuters Staff
January 25, 2010

By Keith Weir

LONDON, Jan 25 (Reuters) – British Prime Minister Gordon Brown said on Monday he saw growing support for some form of international levy on banks to fund support for the industry.

China wants IMF to fix world monetary system, U.S. sees surveillance role

By Reuters Staff
October 6, 2009

By Simon Rabinovitch and David Lawder
ISTANBUL, Oct 6 (Reuters) – The IMF needs to fix “intrinsic defects” in the world’s monetary system, China said on Tuesday as officials from around the globe wrestled with how best to ward off future financial crises.

World Bank arm to work with private sector to buy toxic assets

By Reuters Staff
October 3, 2009

Lars H. Thunell, Executive Vice-President and Chief Executive Officer, International Finance Corporation (IFC) attends a session at the World Economic Forum (WEF) in Davos January 28, 2009. (file photo) By Lesley Wroughton
ISTANBUL, Oct 3 (Reuters) – The head of the International Finance Corp said on Saturday that the group plans to work with private equity funds, debt servicing companies and major banks to soak up toxic assets held by banks in emerging markets.

IMF, World Bank warn global cooperation may falter

By Reuters Staff
October 2, 2009

World Bank Group President Robert Zoellick enters the room to give a speech about the political and economic impact of the global economic crisis, and its implications for development and globalization, in Washington September 28, 2009. Zoellick sounded a cautionary note about granting greater regulatory power to the U.S. Federal Reserve and said the Dollar's future will "depend heavily on U.S. choices," during a speech on Monday.   REUTERS/Molly Riley   (UNITED STATES POLITICS BUSINESS) By Lesley Wroughton
ISTANBUL, Oct 2 (Reuters) – The International Monetary Fund and the World Bank warned on Friday that the global economic recovery might falter if complacent policymakers lose their will to cooperate.

World Bank’s Zoellick says wary of more Fed power, sees more “options” to dollar

By Reuters Staff
September 28, 2009

World Bank President Robert Zoellick addresses the media during a news conference at the Second Meeting of Finance Ministers of the Americas and the Caribbean at Vina del Mar July 3, 2009. REUTERS/Ivan Alvarado (CHILE BUSINESS) By Alister Bull
WASHINGTON, Sept 28 (Reuters) – The head of the World Bank on Monday sounded a cautionary note about granting greater regulatory power to the U.S. Federal Reserve and said the dollar’s future will “depend heavily on U.S. choices.”

World policymakers urge banks to lend, express concern

July 6, 2009

                World Bank President Robert Zoellick                         By Laura Macinnia and Patricia Zengerle
  (GENEVA/SHINGTON, July 6 (Reuters) – World economic leaders called on commercial banks on Monday to step up lending to revive an economy pitched into recession by failure of the global financial system.  The World Bank, in a letter to Group of Eight nations due to meet this week, said interventions by central banks and governments appeared to have “broken the fall in the global economy,” but 2009 remained a dangerous year. 

Finance ministers from Americas to meet on economic crisis

By Reuters Staff
July 1, 2009

    By Rodrigo Martinez
   SANTIAGO (Reuters) – Finance ministers from the Americas and leaders from multilateral lenders will huddle in Chile on Friday to evaluate their responses thus far to the global economic crisis and figure out the way ahead.
   Chilean Finance Minister Andres Velasco told Reuters that turbulence has shown the International Monetary Fund and World Bank need more resources for the slump. (more…)