|
ECOFIN: Closing in on new capital requirements for banks
At yesterday's meeting, EU finance and economy ministers had a constructive discussion regarding the proposal for new EU rules on capital requirements for banks and investment firms, the so-called CRD IV package. The Council will review the dossier on May 15, subsequent to a technical verification.
|
Danish Presidency: New rules for capital requirements aim at securing healthy banks in Europe
On May 2, the EU's finance and economy ministers are to discuss the proposal for new EU rules on capital requirements for banks – one of the most important initiatives in securing healthy banks in the aftermath of the crisis.
|
Commissioner Barnier: Towards better regulation of the shadow banking system
In his speech, Barnier said that he considered shadow banking to be an integral part of the reinforcement of financial regulation. "What lessons have we drawn from the crisis if we allow risky activities to prosper alongside better regulated and more solid ones?"
|
Reuters: European Union to shine light on shadow banking
The European Commission pledged to tighten control of so-called shadow banking on Friday, answering central bank calls for stricter regulation of the sprawling €46 trillion ($61 trillion) sector which has been blamed for aggravating the financial crisis. (Includes quote from Graham Bishop.)
|
City A.M.: UK tables long list of demands in EU bank talks
Britain is worried that a new set of European banking rules will widen a "fracture at the [EU's] heart", and has marshalled the support of at least six other Member States for a long list of demands in the negotiations.
|
FT: EU set for clash on banking rules
Translating the "Basel III" international rules on bank capital into law has emerged as the most highly-charged financial regulation issue in Brussels – throwing up sharp disputes and creating unusual political bedfellows.
|
FSA/Bailey: Basel III – the big issues
Andrew Bailey, FSA Director of UK Banks & Building Societies, said the simple answer that wide-ranging reforms are being undertaken because we have had a major crisis, is not good enough as an explanation: it explains the timing of the reforms, but the substance of them requires more explanation.
|
Nicolas Véron: Making sense of the CRD4/CRR debate
As EU finance ministers continue to debate the EU legislation on bank capital requirements, Véron takes stock of some aspects of this policy debate, especially its global implications.
|
BBA: The regulatory reform programme must start paying more attention to its impact on economic growth
UK and Swiss bankers urged regulators to take into account the impact that regulatory reforms are likely to have on the global economic recovery and the international competitiveness of banks in the UK and Switzerland.
|
FT: Big banks seek regulatory capital trades
Big banks are aiming to help smaller lenders cut the amount of regulatory capital they need to hold against loans, in an attempt to make money from deals similar to those first created in the early days of securitisation more than a decade ago.
|
Commission acts to ensure implementation of EU rules on electronic money activities
Belgium, Spain, France, Cyprus, Poland and Portugal have been asked to notify the European Commission within the next two months as to the measures they are taking to update their national legislation in conformity with the latest Directive on e-money.
|
EPC Response to the European Commission Green Paper, 'Towards an Integrated European Market for Card, Internet and Mobile Payments
In its response, the European Payments Council outlines key policy considerations which, in its view, should be observed when determining the need for EU action to address 'gaps' perceived by the Commission with regard to competition, choice, innovation and other 'market integration drivers'.
|
Report on the fulfilment of the EBA Recommendation adopted on 15 July 2011
Following the publication of the 2011 EU-wide stress test results in July 2011, the EBA issued a Recommendation to national supervisory authorities (NSAs) to ensure that appropriate mitigating actions were put in place.
|
ECB: Results of the April 2012 bank lending survey for the euro area
The European Central Bank (ECB) published its report on the results of the April 2012 bank lending survey for the euro area. The bank lending survey was developed by the Eurosystem in order to enhance the understanding of bank lending behaviour in the euro area.
|
European Payments Council Newsletter: Issue 14 - April 2012
This edition focuses on information supporting, in particular, payment service users in the euro area to get ready for the Single Euro Payments Area (SEPA) by 1 February, 2014 - as effectively mandated by the SEPA Regulation which was recently adopted by the EU legislator.
|
EMF: Mortgage Info - April 2012
The April 2012 issue covers: UK's NewBuy Scheme Off to a Good Start; UK Retail Ring-fence Proposals; BSA Responds to UK FSA's Final Mortgage Market Review Consultation; Development of the Russian Covered Bond Market; News in Brief; and The Events Agenda.
|
Martin Wolf: After the bonfire of the verities
The new world of post-crisis central banking will create significant institutional and intellectual challenges, writes Wolf in his FT column.
|