Financial Regulatory Forum

China defends foreign bank ownership limit at WTO

GENEVA, Nov 2 (Reuters) – China has no plans to increase the limits on foreign ownership of Chinese banks, Chinese officials told trading partners at the World Trade Organisation on Monday.The United States, Japan and the European Union questioned China on the limits and on other banking, insurance and securities issues at the WTO’s committee on trade in financial services, according to participants in the meeting.

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Global enforcement body may be needed for banking sector – UK regulator

By Huw Jones
LONDON, Oct 14 (Reuters) – A global body with legal powers may be needed over time to enforce the world’s new financial rules, Britain’s Financial Services Authority (FSA) said on Wednesday.

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EU to support stimulus, push on trade talks at G20

Jean-Pierre Jouyet, head of French market watchdog AMF, is seen in this file photo taken May 18, 2007. REUTERS/Benoit Tessier (FRANCE) By Jan Strupczewski
BRUSSELS, Sept 16 (Reuters) – The European Union will support maintaining policies that poured trillions of dollars into economies and call on a G20 meeting for progress on trade talks to help boost a recovery, a draft policy document said.

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U.S. tyre duties fuel trade tension with China

By Chris Buckley
BEIJING, Sept 14 (Reuters) – A U.S. decision to impose special duties on Chinese tyres could open the door to a host of trade complaints against Chinese products, creating tensions as Western nations seek Beijing’s support at a G20 meeting. (more…)

Central banks cautious on further credit boost

By Christina Fincher and Leika Kihara
LONDON/TOKYO, July 22 (Reuters) – Warnings that the world economy still faces a rocky road tempered market enthusiasms on Wednesday, with Japan indicating it might need to do more to ease credit pressures and Britain biding its time. (more…)

G8 plus G5 agree to conclude Doha in 2010 – draft

World Trade Organization Director-General Lamy    (The following story contains no dateline to protect the sources of the information) 
    July 7 (Reuters) – G8 leaders plus Brazil, India, China, Mexico and South Africa will agree at a summit on Thursday to conclude the Doha round of world trade talks successfully in 2010, according to a draft communique seen by Reuters. (more…)

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