Financial Regulation >>>
The largest banks in the European Union would face a “narrowly” defined ban on proprietary trading from 2018 under draft plans by Michel Barnier, the EU’s financial services chief. To continue reading, click here.
Lenders are poised to win concessions from central bank chiefs and global regulators over a debt limit they criticized as a blunt instrument that would penalize low-risk activities and curtail lending. To continue reading, click here.
Bloomberg Brief: Financial Regulation takes a look at global year-end actions regarding Basel III’s capital, liquidity and leverage standards. To continue reading, click here.
Global regulators are seeking to coax institutional investors, from insurers to pension funds, back into the market for asset-backed bonds to boost non-bank funding for businesses. To continue reading, click here.
Controversy surrounding European money-market fund (MMF) regulation means political agreement isn’t likely until mid-2015. Regulators are trying to strike a balance between overseeing MMFs and allowing them to continue to be viable. Issues that remain to be resolved include a proposed capital buffer and pressure to align proposals with U.S. reforms. To continue reading, click [...]
A change to U.S. Senate rules to allow a simple majority to confirm most presidential nominees may help speed up the pace of Dodd-Frank rulemaking. To continue reading, click here.
Westpac Banking Corp. agreed to buy Lloyds Banking Group Plc’s Australian assets as tighter capital rules following the 2008 financial crisis prompt European and U.S. lenders to retreat from the Asia-Pacific region. To continue reading, click here.
The U.S. Commodity Futures Trading Commission next month plans to complete rules to boost protection of customer funds and release a new proposal for limits on speculation in oil, natural gas and other markets, according to two people familiar with the matter. To continue reading, click here.