Financial Regulation

Euro Banks Would Take Biggest Hit on Accounting Rules

September 19, 2014

Western European banks could  experience the most significant drop in capital from a rise in credit allowances, with an average 53 basis-point drop in core Tier 1 ratios for every 10 percent rise in the allowance, because of new accounting rules on how loan losses are calculated, according to a Standard & Poor’s study.

Most Banks Meet Basel III Risk-Based Capital Rules

September 12, 2014

Average capital ratios under the Basel III framework for Group 1 banks were 10.2 percent as of Dec. 31, 2013, up from 8.5 percent as of June 30, 2012, according to the Basel Committee on Banking Supervision. The average for Group 2 banks was 10.5 percent as of the end of

EU Insurers Say New Rules Hurt 8.5 Trillion-Euro Investment Role

September 5, 2014

European insurers, which manage about 8.5 trillion euros ($11.2 trillion) of client money, say their role as long-term investors may be hurt by new risk-based rules, known as Solvency II, that “still require companies to hold inappropriately high amounts of capital against their long-term investments,” according to Michaela Koller, deputy general of insurance

Bank Liquidity Rules Seen Cooling Demand for Bonds

August 29, 2014

Regulatory changes aimed at heading off another financial crisis may curb purchases of municipal bonds by banks, potentially undermining demand from the biggest buyer in the market. The Federal Reserve and the Federal Deposit Insurance Corp. will meet separately on Sept. 3 to consider measures laying out what easy-to-sell assets banks must keep on hand

Hedge Fund, PE Regulatory Assets Rise Since ’13: SEC

August 22, 2014

Regulatory assets under management at private funds registered with the U.S. Securities and Exchange Commission rose to $8.9 trillion from $7.3 trillion for the 12 months ended in May 2014, the SEC said in its second annual report to Congress on private fund systemic risk. Regulatory assets, a metric developed by the SEC

U.K. Regulator Assistance Driven by Libor, FX Probes

August 15, 2014

  The U.K. Financial Conduct Authority received more than 1,000 requests for help from agencies around the world in 2013, with about one in four coming from the U.S., a study from London-based law firm RPC LLP found based on data obtained through Freedom of Information Act disclosure. Total requests were up about

Americans Give Up Passports as Rules Start

August 8, 2014

BY DYLAN GRIFFITHS The number of Americans renouncing U.S. citizenship stayed near an all-time high in the first half of the year before rules that make it harder to hide assets from tax authorities came into force. Some 1,577 people gave up their nationality at U.S. embassies in the six months through June,

Lloyds Reaches $383M Libor Deal With Regulators

August 4, 2014

Lloyds Banking Group Plc’s $383 million fine for manipulating benchmark interest rates is the fifth-biggest of the seven firms that have reached settlements with U.S. and U.K. regulators. UBS AG paid the most at $1.5 billion, while Barclays Plc, the first to settle, paid $451 million and Royal Bank of Scotland Group Plc

GAO’s ‘Too Big to Fail’ Is Too Hard to Solve

August 1, 2014

A long-awaited government report on advantages for U.S. banks considered “too big to fail” won’t settle the debate. A study by the Government Accountability Office released yesterday was effectively a split decision, giving both sides fodder for their views. The watchdog found that the largest banks enjoyed a market subsidy during the 2008 financial

FINANCIAL REGULATION – Asia-Pacific Region Special

August 1, 2014

Welcome to the inaugural Asia-Pacific-focused special edition of Bloomberg Brief: Financial Regulation. As regulation remains especially complex in Asia, with its many countries in varying stages of economic development, we aim to provide coverage of how the region is handling its unique regulatory challenges. This issue focuses on topics including how banks in Asia