Bloomberg | Brief » Financial Regulation

HSBC Adjusts Strategy to Cut Chance of Compliance Failure

mkarsh — Fri, 31 May 2013 20:03:12 +0000

HSBC Holdings Plc is adjusting its strategy to reduce the chance of future compliance failures following major U.S. regulatory and law enforcement investigations of the London-based bank, according to Chairman Douglas Flint.

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Swedish Regulator Rejects Tougher Risk Weights

mkarsh — Fri, 31 May 2013 19:59:32 +0000

Sweden’s financial regulator rejected government and central bank calls to raise risk weights on mortgage assets above the 15 percent already agreed on in the latest clash between policy makers and the watchdog.

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Credit Ratings Roundtable Participants Discuss Alternative Plans to the SEC’s Current System

mkarsh — Fri, 24 May 2013 14:54:56 +0000

The expansion of the number of ratings companies sanctioned to assess securities faced scrutiny May 14 as the U.S. Securities and Exchange Commission met in Washington to discuss Senators Al Franken and Roger Wicker’s plan to create a board to select which firms grade asset-backed bonds, rather than leaving it to the banks that pay the raters.

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CFTC Rolls Back Dodd-Frank Swap-Trade Rules

mkarsh — Fri, 24 May 2013 14:49:51 +0000

JPMorgan Chase & Co., Goldman Sachs Group Inc. and the world’s largest banks won rollbacks in final Dodd-Frank Act rules that promise to transform the private swaps market by increasing competition.

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SEC Money-Fund Rule Target Said to Be Narrowed

mkarsh — Fri, 10 May 2013 18:06:40 +0000

U.S. securities regulators have narrowed the target of new rules for money-market funds, according to a person familiar with the matter, limiting changes to a smaller set of funds than many executives anticipated.

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FSB Members Late on Swaps Rule Implementation

mkarsh — Fri, 03 May 2013 19:14:35 +0000

Of the 19 Financial Stability Board member jurisdictions, none were able to meet the Group of 20’s end of 2012 deadline to fully implement over-the-counter derivatives market reforms, according to a report from the FSB’s OTC derivatives working group (ODWG).

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Basel Capital Rules May Hinder U.S. Insurers

mkarsh — Fri, 26 Apr 2013 17:21:27 +0000

A systemically important financial institution designation for the three largest U.S. insurers — MetLife Inc., Prudential Financial Inc., and American International Group Inc. — may put them at a disadvantage to their competitors.

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U.S. Banks Make Further Progress on Basel III

mkarsh — Fri, 19 Apr 2013 19:49:47 +0000

While the U.S. has delayed final Basel III implementation, most of the largest publicly traded banks are in early compliance based on their pro-forma estimates.

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Banks Risk Models to Face Further Basel Probe

mkarsh — Fri, 12 Apr 2013 16:15:17 +0000

Banks face further scrutiny from global regulators into their risk models amid concerns lenders are underestimating the amount of capital they need to cope with losses.

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U.K. Banks Seen Avoiding Share Sales on Review

mkarsh — Thu, 28 Mar 2013 18:56:02 +0000

U.K. banks including Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc may avoid the need to sell new shares to bolster their balance sheets after the Bank of England used more lenient rules than those advocated by European regulators.

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