G20

Banks push for delay to introduction of derivatives rules

HONG KONG - The international banking industry has asked regulators for more time to implement derivatives rules that could add $800 billion (482 billion pounds) to the global financial industry's cost of doing business, people familiar with the matter said.

G20 edging towards deal on 'bail-in' bond cushion for banks

LONDON - Government leaders are expected to agree in November that the world's top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the rescue, industry and G20 officials said.

Business, 21 Aug 2014

G20 gets ready for new bout of rulemaking for financial industry

- Leaders of the Group of 20 economies (G20) aim to draw a line under the 2007-09 financial crisis before the end of this year with the completion of reforms aimed at preventing taxpayers from having to rescue banks again in a future crisis.

Business, 21 Aug 2014

U.S. regulators step up warnings to banks for poor risk-spotting

NEW YORK - U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, according to two sources familiar with the matter.

Business, 21 Aug 2014

Exclusive - Funds could face market curbs after lobbying backfires

LONDON - Fund managers may face tougher scrutiny by global regulators than planned after their intense lobbying against a first proposal backfired, industry sources and G20 officials said.

Business, 20 Aug 2014

Banks, funds agree on wider window for FX fix

WARSAW/LONDON - Banks and asset managers are ready to support an extension of the one-minute window used to set currency market benchmarks, documents showed on Wednesday, but most are concerned by the risks involved and divided on how much of an extension.

Business, 20 Aug 2014

Exclusive - Funds could face market curbs after lobbying backfires

LONDON - Fund managers may face tougher scrutiny by global regulators than planned after their intense lobbying against a first proposal backfired, industry sources and G20 officials said.

Business, 20 Aug 2014

Global banks back most of G20 plans to reform forex benchmark

LONDON - The world's top banks have backed the bulk of recommendations from regulators to reform the setting of the leading global currency benchmark following allegations of market rigging, making changes inevitable.

Business, 13 Aug 2014

IOSCO surveys warehouse impact on commodity derivatives market

LONDON - A global umbrella group for market regulators is surveying the impact of warehouses on price formation in commodity derivatives markets, seeking members' views on issues including potential conflicts of interest in storage ownership.

Business, 08 Aug 2014

Australia mourns dead in Malaysia Airlines plane crash

SYDNEY - Australia held a national day of mourning on Thursday for its citizens killed in the downing of Malaysia Airlines Flight MH17 in Ukraine last month, even as Russia said it was ratcheting up its response to Western sanctions imposed over the disaster.