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ECOFIN: Main results of the Council - Bank capital requirements / Bank supervision
The Council confirmed its commitment to reach an agreement with the Parliament on CRD IV before the end of the year. Experts will continue to work on the bank supervision proposals, with the aim of reaching an agreement at the Council's meeting on 4 December.
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DG ECFIN: Vienna 2 Full Forum focuses on deleveraging and bank resolution
The European Bank Coordination ("Vienna") Initiative held its fifth Full Forum Meeting in Brussels on 9 November, 2012. Vienna 2 provides support by offering a coordination platform and strengthening the voice of host countries.
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Gunnar Hökmark MEP: Europe needs better bank rules
The rapporteur on banking resolution comments that the growing discussion on how to create a so-called multi-speed EU of inner and outer cores, including the proposal for a new euro area banking supervisor within the ECB, offers the wrong answer to Europe's troubles.
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Reuters: Divisions overshadow Europe's plan to control banks
Divisions in Europe over a new regime to supervise banks overshadowed fresh attempts by EU finance ministers on Tuesday to agree a centrepiece reform that some officials fear could unravel.
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From the internal market to a banking union: A proposal by the German Council of Economic Experts
There are severe flaws in the EU internal market; common monetary policy has not been accompanied by the transfer of authority to supervise banks; and risks of banks and states have become dangerously intertwined. This column summarises a proposal for a full banking union which aims at correcting these deficits.
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Emilio Botín: Europe needs to embrace banking union
In an article for the FT, the head of Spain's biggest bank writes that "banking union is an ambitious, complex and difficult process, both operationally and politically, but we cannot afford to postpone it".
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EBA launches consultation on technical standards on cooperatives, mutuals, savings institutions and similar institutions
The proposed draft RTS on own funds (Part 2) intend to specify the conditions under which competent authorities may determine that a type of undertaking is recognised under applicable national law as a mutual, cooperative society, savings institution or similar institution.
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Eurosystem's response to the Commission's consultation on the regulation of indices
The Eurosystem believes that there is significant scope for Euribor reform and that there are a number of measures that can be taken to increase the market's confidence in Euribor's reliability, representativeness and resilience.
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BBA consults on implementing Wheatley Libor reforms
Following the recommendations of the Wheatley Review of Libor, the British Bankers' Association has issued a consultation on how initial changes will be implemented. Deadline for comments is 8 December, 2012.
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Finance Watch publishes response to High-Level Expert Group's report on reforming structure of EU banking sector
The Finance Watch consultation response concludes that the Liikanen proposals are the minimum needed, and that robust structural reform of banks would boost growth and stability in the EU.
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EBA Discussion Paper on Draft Regulatory Standards on Prudent Valuation
EBA presents its views on the application of prudent valuation requirements to all positions that are measured at fair value, as provided for under Articles 31 and 100 of the draft CRR, and on how valuation adjustments could in practice be applied by institutions in a consistent manner.
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Bloomberg: EU officials draft some compromises on Basel bank law
The European Union edged closer to settling how to impose Basel bank capital rules on its lenders, after officials and lawmakers drafted potential compromises on parts of the regulatory overhaul.
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Federal Reserve System: Agencies provide guidance on regulatory capital rulemakings
In light of the volume of comments received and the wide range of views expressed during the comment period, the US federal banking agencies do not expect that any of the proposed rules would become effective on January 1, 2013. (Includes SIFMA statement.)
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ICFR/Andrews: Basel IV - What to expect
With several high-profile regulatory officials having questioned fundamental aspects of the Basel framework, this note looks at how the intense debate has reached this point, and at clues as to where it might be headed. It speculates on the eventual shape of what will (inevitably) become Basel IV.
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Simon Nixon: Bank capital question must be resolved
Five years after the financial crisis broke, the question of how much capital a bank should hold is still not resolved, particularly in the UK where it is reaching new levels of intensity, comments Nixon in his WSJ column.
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HM Treasury: Changes to cash management operations
On 9 November 2012, the UK Government agreed with the Bank of England to transfer to the Exchequer the excess cash held in the Bank's Quantitative Easing (QE) facility.
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ECRI: Single Market Act II announces Commission's further plans for retail payments framework
The European Credit Research Institute published information linked to the Single Market Act II and the Commission's further plans for retail payments framework.
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Improving the BIS international banking statistics
A report released by the Committee on the Global Financial System (CGFS) documents a series of enhancements which are designed to make significant and long-lasting improvements to the international banking statistics (IBS) collected by the Bank for International Settlements (BIS).
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Bank of Finland: The crisis and the regulatory initiatives it triggered will reshape banking
The euro area debt crisis and ongoing initiatives to remedy the defects detected in banking regulation will strongly reshape the operating environment of European banks, according to the Bank of Finland's Financial Market Report 2/2012.
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