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Congress Financial Reform

  • *Completion of Basel seen as litmus test for global rules. LONDON, Feb 7- President Donald Trump's review of post-crisis banking rules could sound the death knell for new global standards now being finalised and rip apart a common approach to regulating international lenders, bankers and regulators said. Given that the United States wants to shrink the banking...

  • CHICAGO, Feb 3- Futures market operator CME Group Inc plans to broaden its rules against wrongdoing at the request of federal regulators, the company said on Friday, a move that is expected to ramp up disciplinary action against traders. Traders who engage in the manipulative practice known as spoofing are "the most immediate and likely target" of the rules...

  • FRANKFURT, Feb 6- The European Central Bank rejected U.S. accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis. That raises the prospect of the United States pulling out of some international cooperation efforts.

  • FRANKFURT, Feb 6- The European Central Bank rejected U.S. accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis. That raises the prospect of the United States pulling out of some international cooperation efforts.

  • Donald Trump

    The White House dropped a provision to delay a rule requiring your financial advisor to provide you with advice that's in your best interest.

  • BERLIN, Feb 6- Negotiations on new regulations for banks known as Basel III should aim to create a level playing field in the financial industry instead of loosening oversight of the sector, a spokesman for the German finance ministry said on Monday. President Donald Trump's ordered reviews of major banking rules that were put in place after the 2008 financial...

  • CHICAGO, Feb 3- Futures market operator CME Group Inc plans to broaden its rules against wrongdoing at the request of federal regulators, the company said on Friday, a move that is expected to ramp up disciplinary action against traders. Traders who engage in the manipulative practice known as spoofing are "the most immediate and likely target" of the rules...

  • The executive order Trump will sign on the 2010 Dodd-Frank law on Wall Street reform will be largely symbolic towards rolling back the regulations that Trump sees as hurting the economy, because only Congress can rewrite the legislation. Even though the directives to agencies to examine possible changes to the landmark law may not have teeth, Wall Street...

  • The executive order Trump will sign on the 2010 Dodd-Frank law on Wall Street reform will be a first step towards rolling back the regulations that Trump sees as hurting the economy, but without rewriting the legislation, which can be done only through Congress. Expectations of simpler bank regulations helped push up stocks on Wall Street in early trading.

  • President Donald Trump on Friday will direct the Labor Department to delay implementation and review a rule designed to prevent conflicts of interest when advisers give retirement advice, a senior White House official said. The Labor Department had estimated that it could cost firms as much as $31 billion over the next decade to comply.

  • *How rival cities compare to London: http://tmsnrt.rs/2ey4wqb. LONDON/ FRANKFURT Feb 1- Regulators in European countries competing for post-Brexit banking business are offering London- based banks a range of short-term workarounds to help them relocate, bankers, regulators and lawyers say. Global banks have warned they might have to move their European...

  • *How rival cities compare to London: http://tmsnrt.rs/2ey4wqb. LONDON/ FRANKFURT Feb 1- Regulators in European countries competing for post-Brexit banking business are offering London- based banks a range of short-term workarounds to help them relocate, bankers, regulators and lawyers say. Global banks have warned they might have to move their European...

  • LONDON, Jan 31- Global banks must plan for a "hard" Brexit or risk breaching regulatory requirements and disrupting business, according to an industry report seen by Reuters, the first since Prime Minister May said she would take Britain out of the single market. The findings offer stark reading on what lies ahead for banks as they attempt to devise strategies to...

  • LONDON, Jan 31- Britain's financial regulator fined Deutsche Bank 163 million pounds for serious failings in relation to anti-money laundering controls, it said on Tuesday. The fine was the biggest ever imposed by the Financial Conduct Authority or its predecessor, the Financial Services Authority in relation to failings in anti-money laundering...

  • LONDON, Jan 31- Britain's financial regulator fined Deutsche Bank 163 million pounds for serious failings in relation to anti-money laundering controls, it said on Tuesday. The fine was the biggest ever imposed by the Financial Conduct Authority or its predecessor, the Financial Services Authority. On Monday, New York's banking regulator said Deutsche Bank...

  • By Francesco Guarascio and Huw Jones. LUXEMBOURG/ LONDON, Jan 30- The European Union should create a publicly-funded asset management company to scoop up some of a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. In a speech in Luxembourg on Monday, EBA Chairman Andrea Enria sketched out how...

  • LUXEMBOURG/ LONDON, Jan 30- The European Union should create an asset management company to scoop up some of a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. Italian banks account for 276 billion euros of the bloc's bad loans, by far the largest of any EU banking sector, but 10 EU states have an...

  • LONDON, Jan 30- The European Union should create an asset management company to scoop up a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. Italian banks account for 276 billion euros of the bloc's bad loans, by far the largest of any EU banking sector, but 10 EU states have an average bad loan...

  • NEW YORK, Jan 27- Nasdaq Inc no longer plans to charge additional fees to access key data essential for stock market operations following complaints of price gouging from other exchanges, trading firms and an industry trade group, according to a regulatory filing. But Nasdaq's latest proposal drew opposition from exchange operators Bats Global Markets and...

  • SAO PAULO, Jan 26- The Brazilian central bank's recent easing of reserve requirements for commercial lenders could lead to a more business-friendly oversight of the industry and more credit issuance, Banco Santander Brasil SA's top executive said on Thursday. Indications that central bank policymakers could slash the overnight lending rate to...