Regulation Correspondent, Europe
Huw's Feed
Jun 26, 2013

Global supervisors take tough line on bank leverage

LONDON (Reuters) – Global banking regulators have taken a tough line on how much risk banks can take on in a move that will mostly hit those lenders holding large amounts of financial derivatives.

The Basel Committee on Banking Supervision published the methodology banks across the world must use to calculate their leverage ratio.

Jun 25, 2013

G20 task force to study Libor reform

BASEL, Switzerland/LONDON June 25 (Reuters) – The Financial
Stability Board, which sets rules for global banks, will set up
a task force to look at reform of Libor after a scandal in which
three banks were fined for rigging the global interest rate
benchmark.

FSB Chairman Mark Carney said the steering group will report
back next year on whether the benchmark should be changed and
over what period, based on new international standards expected
from the IOSCO group of securities regulators next month.

Jun 24, 2013

Banks a priority for new CMA

LONDON (Reuters) – Britain’s banking sector will be a top focus for the country’s new competition watchdog, its chairman said on Monday, following a second call from lawmakers for wider customer choice.

The Competition and Markets Authority (CMA) is being created by combining the Office of Fair Trading (OFT) and the Competition Commission.

Jun 24, 2013

Banks a priority for new UK competition watchdog

LONDON, June 24 (Reuters) – Britain’s banking sector will be
a top focus for the country’s new competition watchdog, its
chairman said on Monday, following a second call from lawmakers
for wider customer choice.

The Competition and Markets Authority (CMA) is being created
by combining the Office of Fair Trading (OFT) and the
Competition Commission.

Jun 20, 2013

UK’s new watchdog tells banks to raise another $20 bln

LONDON, June 20 (Reuters) – Britain’s banks will have to
raise 13 billion pounds ($20.4 billion) of extra capital and
meet a new cap on lending ahead of international peers as the
Bank of England seeks to curb risk in the financial sector.

The combined balance sheet of Britain’s largest banks is
five times the size of the economy, despite radical
restructuring since the crash in 2008, and the country’s central
bank fears some of them are still too big to fail.

Jun 20, 2013

New watchdog tells banks to raise another 13 billion pounds

LONDON (Reuters) – Britain’s banks will have to raise 13 billion pounds of extra capital and meet new a new cap on lending ahead of international peers as the Bank of England seeks to curb risk in the financial sector.

The combined balance sheet of Britain’s largest banks is five times the size of the economy, despite radical restructuring since the crash in 2008, and the country’s central bank fears many are still too big to fail.

Jun 20, 2013

New regime to prise open insurers’ ‘black box’ accounts

LONDON (Reuters) – An international bookkeeping regime unveiled on Thursday aims to shed more light on the insurance industry’s “black box” balance sheets although the transition will take several years and the United States will keep its own, very different rules.

The new system will get rid of inconsistencies in accounting rules for insurers from country to country that have crimped investors’ appetite and pushed up the sector’s cost of capital. It will also make it easier to interpret insurance firms’ accounts, nicknamed “black box” accounts by analysts because of their complexity.

Jun 20, 2013

UK’s new watchdog tells banks to raise another $20.4 billion

LONDON (Reuters) – Britain’s banks will have to raise 13 billion pounds ($20.4 billion) of extra capital and meet new a new cap on lending ahead of international peers as the Bank of England seeks to curb risk in the financial sector.

The combined balance sheet of Britain’s largest banks is five times the size of the economy, despite radical restructuring since the crash in 2008, and the country’s central bank fears many are still too big to fail.

Jun 20, 2013

PRA tells banks to raise another £13 billion

LONDON (Reuters) – Britain’s banks will have to raise 13 billion pounds ($20.4 billion) of extra capital and meet new a new cap on lending ahead of international peers as the Bank of England seeks to curb risk in the financial sector.

The combined balance sheet of Britain’s largest banks is five times the size of the economy, despite radical restructuring since the crash in 2008, and the country’s central bank fears many are still too big to fail.

Jun 20, 2013

UK’s new watchdog tells banks to raise another 13 bln stg

LONDON, June 20 (Reuters) – Britain’s banks will have to
raise 13 billion pounds ($20.4 billion) of extra capital and
meet new a new cap on lending ahead of international peers as
the Bank of England seeks to curb risk in the financial sector.

The combined balance sheet of Britain’s largest banks is
five times the size of the economy, despite radical
restructuring since the crash in 2008, and the country’s central
bank fears many are still too big to fail.

    • About Huw

      "Huw is based in London and covers European regulatory issues and global rulemaking bodies such as the G20, Financial Stability Board, IOSCO, IASB and the Basel Committee. He has covered EU regulation in Brussels, the emergence pan-European stock markets, and has also been a Wall Street reporter in New York."
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