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Financial Reform

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  • *Stock regulator to inspect 46 firms on margin trading-Xinhua. SHANGHAI, Jan 29- China's stock regulator has launched a fresh probe into brokerages which are lending money to investors to speculate on stocks, amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the banking system.

  • SHANGHAI, Jan 29- China's stock regulator has launched a fresh probe into brokerages which are lending money to investors to speculate on stocks, amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the banking system. "The inspection belongs to normal regular supervision and should not be...

  • SHANGHAI, Jan 29- China's stock regulator will inspect the stock margin trading business of 46 companies, the official Xinhua news agency said, amid concerns that the country's stock markets are becoming over-leveraged and vulnerable to a crash which could strain the financial system. "The inspection belongs to normal regular supervision and should not be...

  • Jan 28- KCG Holdings Inc said it will sell its foreign exchange trading platform, KCG Hotspot, to BATS Global Markets for $365 million in cash. Regulators in Britain are probing the $5 trillion- a-day foreign exchange market following allegations that bank traders used advance knowledge of client orders to try to manipulate foreign exchange benchmarks.

  • BEIJING, Jan 28- Chinese regulators will launch a fresh investigation into stock margin trading, and banks have been told to tighten lending supervision to avoid loans being funnelled into stock markets, three sources with direct knowledge of the matter told Reuters. The China Securities Regulatory Commission and the China Banking Regulatory Commission...

  • BEIJING, Jan 28- Chinese regulators will launch a fresh investigation into stock margin trading, and banks have been told to tighten supervision of their lending practices to ensure loans aren't funnelled into stock markets, three sources with direct knowledge of the matter told Reuters. The China Securities Regulatory Commission and the China Banking...

  • WASHINGTON, Jan 27- The top U.S. housing regulator on Tuesday said his agency would make a decision by the end of this quarter on fees Fannie Mae and Freddie Mac charge lenders for guaranteeing mortgages. The mortgage industry has been awaiting a final decision by Federal Housing Finance Agency Director Mel Watt. Speaking before his former colleagues on the...

  • Cooperation in Washington DOA? Not so fast Friday, 23 Jan 2015 | 10:36 AM ET
    Speaker of the House John Boehner (R) listens to President Barack Obama deliver the State of the Union address on January 20, 2015 in the House Chamber of the U.S. Capitol in Washington, DC.

    Many pundits have written off cooperation between Obama and the GOP-controlled Congress. But not so fast, says Scott Paul.

  • DIARY- Top Economic Events to Feb 5 Wednesday, 21 Jan 2015 | 7:01 PM ET

    EDINBURGH, Scotland- Bank of England monetary policy committee member David Miles gives a speech at University of Edinburgh on "What can monetary policy do?" LONDON- Bank of England regulator Paul Fisher speaks at the Westminster Business Forum Insurance event- 0925 GMT. LONDON- Bank of England regulator Andrew Gracie gives speech at cyber-security conference...

  • Washington has ZERO credibility: Bill Ehrman Wednesday, 21 Jan 2015 | 12:28 PM ET
    Speaker of the House John Boehner (R) listens to President Barack Obama deliver the State of the Union address on January 20, 2015 in the House Chamber of the U.S. Capitol in Washington, DC.

    Recent moves by the Swiss and Chinese are about one thing: credibility. Washington, on the other hand, has zero credibility, says hedge-fund manager Bill Ehrman.

  • WASHINGTON, Jan 20- More regulation may be needed for a key part of the banking industry's profit engine, a top Federal Reserve official said on Tuesday, as regulators continue to determine ways to make markets safer and more transparent. Fed Governor Jerome Powell said efforts to improve safeguarding against improper uses of information across the fixed...

  • HONG KONG, Jan 19- Derivatives watchdogs are expected to agree a new timeline for the introduction of margin requirements for swaps transactions after strong resistance from the international banking industry, Europe's top securities regulator said. Speaking on the sidelines of the Asia Financial Forum in Hong Kong on Monday, Steven Maijoor, chair of the...

  • Global regulators mull swaps rules reprieve Monday, 19 Jan 2015 | 6:22 AM ET

    HONG KONG, Jan 19- Derivatives watchdogs expect to agree a new timeline for the introduction of new capital requirements for swaps transactions after strong resistance from the international banking industry, Europe's top securities regulator said. Speaking on the sidelines of the Asia Financial Forum in Hong Kong on Monday, Steven Maijoor, chair of the...

  • What's behind weak China housing, lending data?  Sunday, 18 Jan 2015 | 9:11 PM ET

    Tim Condon, Head of Research, Asia of ING Financial Markets, says November's rate cut will soon begin to bear fruit for mortgage lending.

  • SHANGHAI, Jan 19- China's banking regulator has issued draft rules to tighten supervision of entrusted loans, a kind of shadow banking product, in a move seen targeting excessive leverage used to speculate on stocks. "The impact of industry overcapacity, local government debt, shadow bank and property risk on the capital markets is not negligible," China...

  • NEW YORK, Jan 16- Exchange operator BATS Global Markets is in discussions to buy institutional foreign exchange trading platform Hotspot from KCG Holdings Inc for nearly $400 million, three sources close to the situation said on Friday. The $5 trillion- a-day foreign exchange market has been the focus of a probe by regulators in Britain following allegations...

  • Jan 16- Two online payday lending companies linked to a professional racecar driver have agreed to pay a record $21 million to resolve charges by U.S. regulators that they engaged in deceptive practices, the Federal Trade Commission said on Friday. The settlement with Kansas- based AMG Services Inc, which serviced the loans, and MNE Services Inc, which lent to...

  • WASHINGTON, Jan 14- Fannie Mae and Freddie Mac's regulator hinted on Wednesday that credit standards could be eased when it laid out the 2015 goals for U.S. mortgage companies. It also called on Fannie Mae and Freddie Mac to provide clarity on what is expected from mortgage loan servicers and to "enhance eligibility standards." Under Watt's leadership, the FHFA...

  • JOHANNESBURG, Jan 14- South Africa's credit regulator has referred small lender Ubank to a consumer tribunal, recommending it should be fined for reckless lending and forced to change its business practices. The move comes just months after another South African bank, African Bank Investments, had to be rescued by the central bank following reckless lending...

  • JOHANNESBURG, Jan 14- South Africa's credit regulator has referred small lender Ubank to a consumer tribunal, recommending it should be fined for reckless lending and forced to change its business practices. The move comes just months after another South African bank, African Bank Investments, had to be rescued by the central bank following reckless lending...