Global Financial Regulation 2015
WASHINGTON Clearing houses, whose role to guard financial stability was much expanded after the 2007-09 crisis, now pose threats themselves, the head of the top U.S. financial research agency told Reuters on Friday.
LONDON Blue chip banks could provide a bigger stimulus to Europe's flagging economy if they pared back low-return mortgage lending to pump more firepower into small business and consumer credit, the chairman of HSBC told Reuters.
HONG KONG Mainland China needs at least five million more qualified accountants if the country is to raise corporate governance standards, the chief of an international accountancy group said.
LONDON Changing rules and codes of conduct will not address the cultural problems in banks' trading arms laid bare by seven years of investigations into market-rigging, the Bank of England's chief regulator said.
LONDON British banks are still making big changes to how they will separate their retail businesses from riskier areas by 2019 as they juggle broader strategy shifts with regulatory demands, the UK's banking supervisor told Reuters.
LONDON British banks must rewrite contracts for senior staff to comply with new European Union rules banning top-up "allowances" that breach a cap on bonuses, the Bank of England (BoE) has said.
LONDON Britain's insurers will need more time to comply fully with new European Union capital rules that come into force next January, the Bank of England has said.
LONDON Being one of the two most important global banks offers benefits to customers and greater resilience, but there is an increasing need to show shareholders that size matters, HSBC's chairman told Reuters.
LONDON Low interest rates that have forced investors to pile into riskier assets in the hunt for yield pose the biggest risk to financial stability at present, top banking regulators in Europe said at this week's Reuters Regulation Summit.
LONDON Europe's largest standalone asset manager is well prepared should policymakers' worst fears about bond market liquidity come to pass, its head of public policy said as recent events focus attention on the potential for tighter regulation.
HONG KONG Shadow banking, a term often associated with murky funding, is emerging as an important source of credit for the real economy at a time when capital-strapped banks are reluctant to lend, regulators told Reuters.