MUMBAI, Dec 11- When Franklin Templeton's India unit wanted to launch a mutual fund that would switch allocation among stocks, bonds, gold and money markets, the Indian regulator baulked, deeming it too risky for domestic investors, according to the company.» Read More
*HSBC considering floating up to 30 pct of UK business- FT. LONDON, Dec 9- HSBC played down a report on Monday that it was considering listing a third of its British retail and commercial banking arm in order to meet UK regulation and unlock value for shareholders. The Financial Times on Monday said HSBC was considering selling 30 percent of its UK arm.
LONDON, Dec 9- HSBC Holdings Plc is considering floating up to 30 percent of its British retail and commercial banking arm to help meet UK regulation and unlock value for shareholders, the Financial Times said on Monday. HSBC is Europe's biggest bank with a market value of $200 billion and its UK arm is estimated to be worth about 20 billion pounds.
The U.S. pledged to keep any trade deal from weakening its regulations, and said it would press to match efforts to make banking and trading safer.
WASHINGTON, Dec 3- Wall Street banks will get the final decision about a controversial ban on betting with their own money next week after years of debate, as three U.S. regulators each announced meetings to vote on the Volcker rule.
WASHINGTON, Dec 3- The U.S. Federal Reserve and the Federal Deposit Insurance Corp. both announced they would hold Dec. 10 board meetings to vote on the so-called Volcker rule, which bans banks from making bets with proprietary funds.
LONDON, Dec 3- Global banking regulators are expected to ease a new capital rule due in 2018 to rein in risky balance sheets after U.S. complaints, two regulatory and banking sources said on Tuesday. The Basel Committee on Banking Supervision published a proposal in June to flesh out a leverage ratio that banks will have to introduce in January 2018.
NEW YORK/ LONDON, Nov 27- JPMorgan Chase& Co decided in May to divest its Henry Bath metal warehousing company after a three-year struggle to conform the business to banking regulations, according to letters received by Reuters through a Freedom of Information Act request.
Jim McCaferty, Head of Regional Research at CIMB makes a case for investing in North Asian markets versus their South East Asian peers.
Erwin Sanft, MD & Head of China & HK Equity Research at Standard Chartered expects money to flow back into Chinese markets after Beijing's pro-market reform plans.
WASHINGTON, Nov 20- Payday lender Cash America International will refund consumers $14 million and pay a $5 million fine to settle civil allegations that it improperly pursued some customers' debt and overcharged military service members, U.S. regulators said on Wednesday.
Chi Lo, Senior Strategist, Greater China, BNP Paribas Investment Partners and Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC say shadow banking and credit risks could still rise in the next few years despite China's reform plans.
NEW YORK, Nov 12- Wall Street's industry-funded watchdog is developing a new rule that would require clearing firms to regularly provide it with data about brokerage transactions, U.S. regulators said on Tuesday.
WASHINGTON, Nov 12- Wall Street banks could get greater power to fight back against bad report cards on their efforts to combat money laundering under a proposal being discussed by U.S. regulators and the financial industry.
Nov 8- IntercontinentalExchange Inc said its takeover of NYSE Euronext would close on Nov. 13, after clearing final regulatory hurdles on Friday. The derivatives exchange and clearing house operator said in December it would buy the owner of the New York Stock Exchange in a deal that also gives ICE control of Liffe, Europe's No. 2 derivatives market.
Nov 8- NYSE Euronext said its more than $10 billion takeover by IntercontinentalExchange Inc is set to close on Nov. 13. The two companies now have all the regulatory approvals necessary to proceed with the closing, NYSE said in a statement on Friday.
Jing Ulrich, managing director at JPMorgan, says Chinese reforms should be wide-ranging and reveal the country's roadmap for the coming years and advises investing in services and consumer stocks.
Geoff Raby, Vice Chairman, Macquarie Group China also the Former Australian Ambassador to the PRC speaks about the likely reforms China's leaders may unveil at the Third Plenum.
"The key to establishing venture exchanges is to create a platform which could encourage smaller companies to enter our public markets while at the same time providing adequate protection for investors," said Daniel Gallagher, a Republican member of the Securities and Exchange Commission, in prepared remarks at a futures industry conference in Chicago.
*Some banks including HSBC contest proposed penalties. BRUSSELS, Nov 5- EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.
The regulator, which oversees mortgage finance companies Fannie Mae and Freddie Mac, said the restrictions on the fees banks collect from insurers on so-called force-placed insurance would probably reduce costs for consumers.