Financial Reform
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Martin Schulz, president of the European parliament, rejects the idea that implementing tougher bonus limits will reduce European banks' competitiveness.
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*Rules are for banks with more than $50 bln global assets. WASHINGTON, Dec 14- The U.S. The proposal was flagged in some detail by Fed Governor Daniel Tarullo last month, who said regulators remained wary of the risks posed by big banks that do business globally, and are prepared to tighten the rules as a precaution.
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The looming "fiscal cliff" is a bigger problem for business than consumers, Bank of America CEO's told CNBC Friday.
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LONDON, Dec 12- Barclays has appointed Hector Sants, former boss of British regulator the Financial Services Authority, to oversee its compliance and relationship with governments and regulators as it looks to repair its battered reputation. Barclays said Sants will oversee compliance activities across the bank in all the regions in which it does business.
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*Assigning unsecured debt losses complicated in UK plans. WASHINGTON, Dec 9- Both the United States and United Kingdom have developed viable approaches to seizing and unwinding failing global financial institutions, but more work is needed on the UK side to ensure that losses can be adequately absorbed, American and UK regulators said on Sunday.
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BEIJING, Dec 7- Chinese banking regulators are concerned that the failure of an investment product sold through a Hua Xia Bank Co Ltd branch could shatter depositor confidence, three sources told Reuters after a heated, closed-door meeting late on Thursday.
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Patricia Jackson, Head of Financial Regulatory Advice for Europe, Middle East, India and Africa, Ernst & Young says there is currently a conflict between the need for growth through increased bank lending and the need for stability in the sector.
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Dec 5- CME Group Inc, the biggest operator of U.S. futures exchanges, boosted its available credit lines by 68 percent to $1.75 billion to meet stricter regulatory standards set forth in the Dodd-Frank Wall Street reform act.
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"There is no legal or factual basis for any suggestion of market manipulation," said James Benjamin, who defended his client in response to a recent regulatory disclosure by the firm that Hadden is being investigated by CME Group Inc over a four-year-old trade.
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Under the rules proposed by the Federal Reserve, the Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency, the biggest banks would have to hold the most capital.
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Toby Lawson, Head of Financial Futures & Options and Cash Equities, at Newedge Asia Pacific explains the reforms China has undertaken to develop its futures market. He says full liberalization of the yuan is essential for more progress.
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Jinny Yan, economist at Standard Chartered, tells CNBC the expected and desired result of China's new leadership is a reform agenda that will drive consumption growth.
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CNBC's Gary Kaminsky talks about the cost to business of implementing health care and tax reform, with Peter Baum, Essex Manufacturing Inc. CFO & COO.
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CNBC's Rick Santelli weighs in on "rising above" the nation's fiscal problems and implementing "real" tax reform.
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Julian Callow, chief international economist at Barclays, tells CNBC he is hopeful the outcome of the presidential election will end uncertainty in the market..
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One of France's most high-profile business figures has released a report which could be the wake-up call many believe France’s economy needs – or could end up gathering dust on an Elysee shelf.
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Greece’s economy, in its fifth year of recession, is showing “tentative signs” of stabilization despite on-going political uncertainty, according to the latest research note from Credit Suisse. The bank pointed to increased industrial production and exports, as well as an improvement in competitiveness that is “well under way,” but also warned of the growing social cost.
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The managing director of private equity giant Carlyle Group says ending too big to fail is a debate the market needs to have.
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So the inventor of the financial superstore has finally turned against his creation.
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Ben Simpfendorfer, Managing Director of consultancy Silk Road Associates urges economic reform in China. He says stimulus measures only provide a temporary shortfall to fill the gap in demand, and that China needs to bring the private sector back into play.
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Glenn Levine, Senior Economist at Moody's Analytics says the Indian Prime Minister may find it tough to push through reforms due to India's acrimonious political situation.