The Great Debate UK

Bank bonus season again

January 12, 2011

–Laurence Copeland is a professor of finance at Cardiff University Business School . The opinions expressed are his own–

A changing of the guard in UK regulatory structure

October 22, 2010

Press Action Head and Shoulders— Richard Saunders is Chief Executive of the Investment Management Association. The opinions expressed are his own. —

from Breakingviews:

Far too little stress in U.S. bank reform

By Rob Cox
April 6, 2010

Improving U.S. bank regulation may call for a little more stress. The disclosure and discipline imposed by the Federal Reserve's stress tests of big banks a year ago drew a line under the crisis. The tests separated sheep from goats and led to tens of billions of dollars of new capital being raised. It's a shame that stress tests aren't becoming an annual event.

from Breakingviews:

Global bailout fund looks unlikely to fly

February 1, 2010

Regulators and bankers rarely see eye to eye. But at the World Economic Forum in Davos, the two sides were in surprising agreement about creating a global fund, financed by a tax on banks, to deal with future bailouts.

from Breakingviews:

Strong local units good for bank reform

November 2, 2009

The debate about reforming the financial system is often presented as an argument between regulators on one side and banks on the other. But it is also beginning to throw up some differences among banks. One such rift has been exposed by the suggestion that banks should be forced to hold greater reserves of liquidity and capital in national subsidiaries.

from Commentaries:

Why banks should welcome “living wills”

September 15, 2009

A year after Lehman Brothers collapsed, policymakers are still getting to grips with the key question raised by the Wall Street firm's fall: how to ensure that the failure of a large bank does not jeopardise the entire financial system.

from Commentaries:

Orange squeezes the UK’s mobile competition

September 8, 2009

Merging T-Mobile UK with Orange will bring 3.5 billion pounds of value to shareholders, and "substantial benefits to UK customers." Goodness, why on earth didn't they get together years ago? A merger that simultaneously enriches shareholders and customers is rare indeed, and one to be treasured - if this really is one of those seldom-seen beasts.

from Commentaries:

Team Obama punts again on derivatives

August 11, 2009

The Obama administration formally sent its plan for regulating derivatives to Capitol Hill today. And to no one's surprise, the key proposal in the 115-bill is a plan to regulate "standard'' derivatives on regulated exchanges of clearinghouses.

Big Finance reverting to bad old ways

June 25, 2009

paul-taylor— Paul Taylor is a Reuters columnist. The opinions expressed are his own —

They’re at it again. No sooner has the financial system begun to stabilise than Big Finance is reverting to its old ways — aggressive hiring, remuneration on steroids, wriggling out of regulation or threatening to decamp to evade tougher supervision.