LONDON, Sept 8 (Reuters) - The case for a tax on global financial transactions may have been perversely boosted by the relative success of foreign exchange markets through the past three years of world banking turmoil.
As markets in credit, interbank and securities lending malfunctioned and stock markets lurched violently, currency markets, for the most part, appeared to have a "good crisis".
Please Login or Register to see the full article
LONDON, Sept 7 (Reuters) - Central bank and regulatory officials agreed tougher new global bank capital rules on Tuesday but will keep investors on tenterhooks until Sunday when formal endorsement is expected.
The Basel Committee ended its meeting with recommendations on how much extra capital banks will have to hold in future to avoid governments having to bail out the sector in the next crisis, a source familiar with the process said.
Please Login or Register to see the full articleThree years after the start of a financial and economic crisis, some have grown frustrated by Europe's slow pace of reform in its financial sector, held up by indecision and disputes among the bloc's 27 countries.
Please Login or Register to see the full articleGermany's Die Zeit newspaper reported on Monday evening it had obtained a draft of the finalised package showing that banks will have to hold Tier 1 capital of 9 percent, including a 3 percent so-called "conservation buffer".
Please Login or Register to see the full article
LONDON, Sept 1 (Reuters) - European Union regulators would be able to ban abusive short selling of shares and naked selling of credit default swaps and sovereign debt for three months or more under a draft EU law seen by Reuters on Wednesday.
The bloc's financial services chief, Michel Barnier, has already flagged the measure he is due to publish on Sept. 15. It follows calls from some member states to crack down on what they saw as speculators -- typically politicians' code for hedge funds -- causing mayhem in Greek and other euro zone sovereign debt markets earlier this year.
Please Login or Register to see the full articlePage 1 of 78