Financial Reform


  • MILAN, March 4- Euro zone banks could be forced to disclose any major balance sheet gaps discovered in a health check on the industry before the results are made public in October, the head of the European banking watchdog said on Tuesday.

  • BEIJING, Feb 27- China's foreign exchange regulator has launched an investigation into the possible impact from recent yuan depreciation on foreign exchange transactions at domestic banks and companies, banking sources said on Thursday.

  • DIARY - Top economic Events to Mar 11 Wednesday, 26 Feb 2014 | 7:01 AM ET

    WOOSTER, United States- Federal Reserve Bank of Cleveland President Sandra Pianalto gives lecture, "Reflections on 35 Years with the Federal Reserve System" at the James R. Wilson Lecture Series hosted by the College of Wooster- 0030 GMT. SAITAMA, Japan- Bank of Japan board member Koji Ishida speaks to business leaders in Saitama- 0130 GMT.

  • Discover Financial faces US probe over student lending Tuesday, 25 Feb 2014 | 5:47 PM ET

    The Consumer Financial Protection Bureau has issued a civil investigative demand to Discover Bank seeking information regarding certain student loan servicing practices, Discover said in its annual filing on Tuesday.

  • WASHINGTON, Feb 25- U.S. financial regulators plan to release on March 20 the results of annual stress tests, which weigh banks' ability to withstand an economic crisis, the Federal Reserve said on Tuesday. Last year, the Fed initially vetoed submissions by BB&T Corp and Ally Financial.

  • "I think we've gotten the details worked out and now it's just getting the schedule and... getting everyone lined up," Federal Deposit Insurance Corp Vice Chairman Thomas Hoenig told reporters at a conference.

  • *Swedish banks' cost-income ratios at low end of Europe. STOCKHOLM, Feb 21- Swedish banks are pulling ahead of the pack in Europe, showing their peers it is possible to stay on top of regulatory demands to hold more capital while rewarding shareholders with a focus on profitability rather than growth.

  • WASHINGTON, Feb 14- The Obama administration will allow banks to do business with licensed marijuana companies with a reduced fear of criminal prosecution if the banks meet a series of conditions, a U.S. Justice Department official said on Friday.

  • Feb 10- Wall Street veterans would no longer be allowed to act as arbitrators in many legal disputes between investors and their brokerages under a proposal that a U.S. regulator will present to its board on Thursday, a person familiar with the matter said.

  • Feb 6- Exchange operator BATS Global Markets said on Thursday it would outsource part of the surveillance of its four U.S. stock markets to the Financial Industry Regulatory Authority, expanding the industry-funded watchdog's oversight to nearly all equities markets.

  • Federal Reserve Governor Daniel Tarullo told the Senate Banking Committee that regulators require banks to notify customers and take certain remediation steps when breaches happen. Bank groups argued in letters to Congress this week that retailers' lack of disclosure requirements prevents information from reaching customers quickly.

  • Feb 6- BATS Global Markets Inc said Financial Industry Regulatory Authority, the self-regulatory arm of the brokerage industry, will provide cross-market surveillance services to BATS' four stock exchanges. Following the agreement with BATS, FINRA will now conduct surveillance across 99 percent of the market for U.S. listed equities.

  • NEW YORK/ LONDON, Feb 5- New York banking regulator Benjamin Lawsky is seeking documents from some of the biggest banks in foreign exchange trading, including Deutsche Bank, Goldman Sachs and Barclays, a source familiar with the matter said Wednesday, as a global probe into possible market manipulation widens.

  • NEW YORK, Feb 5- Benjamin Lawsky, New York's financial services superintendent, has opened an investigation into manipulation of the currency markets by large banks and is requesting documents from more than a dozen institutions, according to a source familiar with the matter.

  • Feb 4- Morgan Stanley said it would pay $1.25 billion to the U.S. regulator for Fannie Mae and Freddie Mac to settle a lawsuit over mortgage-backed securities. The Wall Street bank will add $150 million to its legal reserves as a result of the settlement with the Federal Housing Finance Agency, Morgan Stanley disclosed in a regulatory filing on Tuesday.

  • WASHINGTON, Feb 4- U.S. financial regulators have formed a working group to coordinate implementation of the Volcker rule, which bans banks from proprietary trading, top regulatory officials plan to tell lawmakers on Wednesday.

  • CHICAGO, Feb 3- CME Group Inc has asked a U.S. judge to toss out charges brought by regulators alleging that the exchange operator is liable for two former employees accused of leaking details on clients' trades.

  • The Financial Industry Regulatory Authority was granted approval last week from the U.S. Securities and Exchange Commission to obtain information on "dark pools," which are private trading venues, and other alternative trading systems, according to a regulatory filing.

  • WASHINGTON, Jan 23- The U.S. consumer watchdog on Thursday proposed extra scrutiny for big non-bank firms that provide international money transfers as part of ongoing efforts to oversee the industry. The Consumer Financial Protection Bureau can already examine banks and credit unions that offer money transfers.

  • LONDON, Jan 23- Britain's financial regulator has fined the UK arm of South Africa's Standard Bank Group 7.6 million pounds for lax anti-money laundering controls of corporate customers linked to people holding prominent public positions.

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