Diamond warns against ‘Balkanisation’
Thursday 26 Jan 2012 | Andrew Hickley
Barclays chief executive Bob Diamond has warned global regulators against enacting protectionist measures and a “Balkanisation” of regulation as banks look to boost global growth.
CFTC to test new proposals under House bills
Thursday 26 Jan 2012 | Andrew Hickley
The US House Agriculture Committee has passed a bill that could require the Commodity Futures Trading Commission to conduct more rigorous cost-benefit analyses before it approves new regulations.
Geithner: Obama won’t pick me again
Thursday 26 Jan 2012 | Andrew Hickley
US Treasury secretary Timothy Geithner has revealed that he does not expect President Barack Obama to keep him on if he is re-elected.
OCC: Deriv fears are an overreaction
Wednesday 25 Jan 2012 | Karina Whalley
The head of US regulator the OCC has lashed out at critics of derivative instruments saying their fears are a “vast overreaction”.
Obama launches mortgage lender probe
Wednesday 25 Jan 2012 | [email protected] US President Barack Obama has toughened his stance on mortgage lenders, announcing the creation of two groups tasked with holding banks to account for risky and abusive practices.
IASB announces three reappointments
Tuesday 24 Jan 2012 | [email protected] Three members of the International Accounting Standards Board have been re-elected, trustees of its oversight board announced on Tuesday.
Davos 2012: The great transformation?
Tuesday 24 Jan 2012 | Eleanor Lavan
Ahead of Davos, Eleanor Lavan of the British Bankers’ Association says the sweeping regulatory changes that the UK has initiated in recent months must be matched by other countries to ensure global recovery.
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.
Driving business innovation from regulatory pressures
Monday 23 Jan 2012 | Claire Paisley and David FitzGerald
Innovation and regulation are words that are not often strongly correlated in any sector – let alone the financial services industry – but this can change, according to Claire Paisley and David FitzGerald of Baringa Partners.
Firms reluctant to tweet due to regulation
Monday 23 Jan 2012 | [email protected] Financial services firms are unwilling to use social media sites such as Twitter because of compliance issues and the potential regulatory backlash it could cause, according to new research.
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