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.» Read More
China's central bank made a low-awaited announcement on interest rate reforms, reports CNBC's Michelle Caruso-Cabrera.
DUBLIN, July 17- One of Europe's top regulators has some good news for the hedge fund industry; pay curbs are not on the agenda. The Alternative Investment Fund Managers Directive is the European Union's attempt to help protect investors and Gareth Murphy, a former hedge fund manager and equity derivatives trader with JP Morgan, is one of the key figures behind it.
Martin Schulz, Managing Director, International Equity at PNC Funds, says Chinese stocks provide some great longer-term opportunities. He discusses his top picks, Tencent, Qihoo and Hengan.
WASHINGTON, July 12- The top U.S. derivatives regulator on Friday adopted guidelines on how to apply its rules abroad, granting some respite to Wall Street banks worried that a jumble of new international rules would hurt their business.
*Deutsche Bank, European banks seen hardest hit. LONDON, July 12- New demands from regulators to force banks to keep a lid on risk-taking after the financial crisis has re-ignited a debate over how best to strengthen the industry without stifling lending or alienating investors.
The big banks should not be allowed to dip into FDIC-insured deposits to engage in risky trading activities, Sen. Elizabeth Warren, D-Mass., said on CNBC Friday, as she pushed for a new, modern-day bank breakup bill.
WASHINGTON, July 11- Republicans in the U.S. House of Representatives on Thursday unveiled draft legislation that would wind down mortgage finance companies Fannie Mae and Freddie Mac, strip the mortgage securitization process from government control and revamp the Federal Housing Administration.
NEW YORK, July 10- U.S. commodities brokerage INTL FCStone Inc said on Wednesday it has dropped plans to buy an online commodities exchange in Asia due to complications posed by newly-issued financial regulations.
"A three percent minimum supplementary leverage ratio would not have appreciably mitigated the growth in leverage... in the years preceding the recent crisis," said Martin Gruenberg, who heads the Federal Deposit Insurance Corp, a regulator that guarantees U.S. bank deposits.
LONDON, July 8- The world's top banking regulator on Monday suggested possible changes to help simplify new rules on bank capital being introduced to strengthen the industry after the financial crisis. Several policymakers, including the Bank of England's head of financial stability Andrew Haldane, had criticised them as such.
Treasury for government-owned mortgage firms Fannie Mae and Freddie Mac. The lawsuit alleges that the Treasury and the regulator for Fannie Mae and Freddie Mac violated a 2008 law that put the two mortgage companies into conservatorship as they faced insolvency at the height of the U.S. financial crisis.
LONDON, July 7- The European Union will soon begin sharing information on how bankers fare in' fitness and probity' tests in member states, making it harder for errant bankers to evade regulatory scrutiny by crossing national borders.
Former JP Morgan banker Ian Hannam, giving evidence at a tribunal at which he hopes to clear his name and reverse a 450,000 pound fine by the UK financial services industry regulator for market abuse, said his only goal in sending the email was to serve his client, Tony Buckingham, the boss of exploration group Heritage Oil.
Neil Owen, global practice director at Robert Half Financial Services, discusses how challenging the "wave of new regulations" is for financial services executives, especially finding the right talents to implement the changes.
WASHINGTON, June 27- The U.S. Consumer Financial Protection Bureau on Thursday said it ordered U.S. Bancorp's U.S. Bank and a nonbank partner company to refund about $6.5 million to U.S. military personnel over auto lending practices regulators said were deceptive.
Eugene Ludwig, founder and CEO of Promontory Financial Group, talks about too big to fail banks and says the U.S. is "very close" to getting a "system to resolve the largest institutions".
Olli Rehn, the European Commission's economic chief, says the euro zone now has to finalise its banking union and insure better access to financing for SMEs and discusses France's fiscal target.
Anders Borg, Sweden minister of finance, argues that the current plan for a European banking union is too rigid, and would increase banks' financing costs.
Richard Vuylsteke, President of the American Chamber of Commerce in Hong Kong, discusses the protectionist environment in Taiwan and how the country can make itself more investment-friendly.
WASHINGTON, June 21- Two top U.S. bank regulators are pushing to double capital requirements for the country's largest banks, Bloomberg reported on Friday, as the debate about banks that are "too big to fail" heats up.