OECD: Swiss bank reforms should go further
Tuesday 24 Jan 2012 | [email protected] Essential Swiss reforms regulating the country’s two largest banks should be brought forward to help ensure financial stability in the country is maintained, according to the OECD.
IMF’s Lagarde: World needs $1tn for recovery
Tuesday 24 Jan 2012 | Karina Whalley
The International Monetary Fund has estimated a “global potential financing need” of up to $1tn over the next few years, half of which the organisation aims to raise.
Esma rushes short selling consultation
Tuesday 24 Jan 2012 | [email protected] The European Securities and Markets Authority is giving firms less than a month to respond to draft technical requirements for short selling and credit default swaps regulation.
French banks hit by rating cut
Tuesday 24 Jan 2012 | Karina Whalley
Standard & Poor’s has downgraded four of France’s biggest banks following the loss of its AAA sovereign credit rating.
Bowles re-elected as Econ chair
Monday 23 Jan 2012 | [email protected] The influential chair of the European Parliament’s economic and monetary affairs committee, Sharon Bowles, has been reappointed for a second two and a half year term.
Hoogervorst hints at accounting slowdown
Monday 23 Jan 2012 | [email protected] International Accounting Standards Board chief Hans Hoogervorst has hinted that the standard setter is ready for a relative period of calm after a breakneck period of changes.
Hungarians rally in support of bank law
Monday 23 Jan 2012 | [email protected] Hungarians rallied in support of the government following the EU’s decision to start legal action against the country if it does not back down on constitutional changes compromising the independence of its central bank.
Barnier: FTT will not be forced on UK
Monday 23 Jan 2012 | [email protected] Influential European internal market commissioner Michel Barnier has assured the City of London that a much-loathed financial transaction will not be imposed on the UK against its will.
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