Saudi Arabia increases central bank role
Monday 30 Jan 2012 | Karina Whalley
The Saudi Arabian central bank is to step up its supervisory power over the country’s financial sector in a bid to enhance financial stability.
Shanghai boosts global financial status
Monday 30 Jan 2012 | Karina Whalley
Shanghai has announced a raft of proposals aiming to catapult the city to premier global financial centre status including rapidly boosting its capital markets and opening them up to foreign investment by 2015.
FSA appoints senior investment bank adviser
Monday 30 Jan 2012 | Karina Whalley
The UK’s Financial Services Authority has ushered in a new investment banking senior adviser, former banker Will Samuel.
Davos stalemate on EU’s IMF funds
Monday 30 Jan 2012 | Karina Whalley
The UK and other G20 countries said they will not help to bolster the International Monetary Fund until the eurozone’s member states contribute more of their own funds.
Sarkozy to introduce French FTT in August
Monday 30 Jan 2012 | Andrew Hickley
French President Nicolas Sarkozy has announced he will introduce a 0.1 per cent Tobin tax in the country regardless of whether other European countries implement the levy.
Canada aligns credit rating rules with EU
Monday 30 Jan 2012 | Karina Whalley
The Canadian securities watchdog has clamped down on credit rating agencies by releasing new legislation in line with international standards, especially those in Europe.
EC: No corp gov powers for ESAs
Monday 30 Jan 2012 | Karina Whalley
The European Commission says it has no intention of giving the European Banking Authority or the European Insurance and Occupational Pensions Authority detailed powers to regulate corporate governance.
Risk of new banking crisis is top threat
Monday 30 Jan 2012 | Karina Whalley
The risk of another global recession and a new banking crisis are the top two threats that the worldwide banking industry is currently facing.
Esma: ‘Wait and see’ on ETF prohibitions
Monday 30 Jan 2012 | Andrew Hickley
The European securities watchdog says it is still in favour of clamping down on the sale of complex Ucits exchange-traded funds to retail investors, but that it will await the outcome of Mifid negotiations until it makes any further recommendations.
RBS chief rejects bonus after outcry
Monday 30 Jan 2012 | Karina Whalley
The Royal Bank of Scotland chief Stephen Hester has bowed to political and public pressure by refusing to accept a bonus of shares worth £963,000 (€1,151,000/$1,510,000) for 2011.
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