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Deutsche Bank: 10 Imperatives for SEPA Migration and Completion
DB outlines the pre-conditions that must be met to achieve full SEPA realisation, for instance, complete migration of credit transfers and direct debits to the SEPA schemes. DB asks all stakeholders to assess the impact of end-dates on their business
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EP ECON Chairwoman Sharon Bowles visits Washington
Bowles met with her counterparts in the US Congress as well as with the US regulators to discuss ongoing changes to financial legislation on both sides of the Atlantic and specifically raised the current US proposals on derivatives/OTC legislation.
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Christian Noyer: beyond Pittsburgh – the future of financial regulation
Christian Noyer emphasised the need to achieve a balance implementation of all the financial regulation currently on the agenda. If coordination does not exist, there is a high risk of ending up with an inefficient system and regulatory arbitrage.
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FSA announces tough new code for financial reporting disclosure
The code is designed to enhance investors' confidence in financial reporting and as an aid to compare banks' performance. It is based on the principle that UK banks are committed to providing high quality, meaningful and useful disclosures to users.
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Commission adopts additional legislative proposals to strengthen financial supervision in Europe
The proposals will make targeted changes to existing financial services legislation to ensure that the new authorities can work effectively. It will ensure, among other things, a more harmonised set of financial rules on information sharing.
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Deutsche Bank: 10 Imperatives for SEPA Migration and Completion
DB outlines the pre-conditions that must be met to achieve full SEPA realisation, for instance, complete migration of credit transfers and direct debits to the SEPA schemes. DB asks all stakeholders to assess the impact of end-dates on their business
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FSA begins new banking regulation to promote fairness for consumers
On 1 November, the FSA begins regulating banks’ and building societies’ day-to-day contact with customers. It will cover direct debits, payments and savings accounts through to unauthorized transactions and notification of interest rate changes.
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Bernanke’s speech on FED’s role on financial supervision and regulation
Bernanke: legislative action is needed to push forward the new financial regulation proposals. The Congress should ensure that all systemically important financial institutions are subject to robust and consolidated supervision regimes.
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