Fitch: Banks could need extra $566bn in capital
May 18, 2012 - Major banks across the world could need to raise an additional $566 billion in capital in order to comply with the new Basel III regulations.
EU officials agree on new banking rules
May 16, 2012 - Finance ministers from across the European Union (EU) have finalised an agreement that will overhaul regulation in the region's banking industry.
Obama: JP Morgan issues show need for banking reform
May 15, 2012 - Recent problems seen at JP Morgan Chase provide solid evidence as to why the government had to intervene and change the rules in the US banking system, Barack Obama has said.
Surveillance spend to soar as regulators crack down
May 11, 2012 - Spending on market surveillance programmes covering equities and derivatives trading across Europe will grow by at least eight per cent in 2012, increasing from EUR105 million in 2011 to EUR126 million by 2014, according to research from Tabb Group.
Regulators urged to show more patience with banks
May 9 , 2012 - Banks should be afforded more time and patience from regulators to enable them to improve their business in such difficult economic circumstances. That is the opinion of Sir John Gieve, former deputy governor of the Bank of England, who believes that giving financiers additional leeway would support lending and stimulate growth, the Daily Telegraph reports.
Fed 'critical of US banks' risk models'
May 1, 2012 - Several major banks across the US have faced criticism during their Federal Reserve stress tests, it has been said. Sources with knowledge of the situation have told Bloomberg that some of the 19 largest financiers that underwent examinations by the Fed were questioned about the way in which they had planned their dividends and calculated losses.
More Than Two-Thirds of North American Bankers Believe Regulatory Burdens and Data Latency Issues Consume Significant Portion of Resources
April 27, 2012 - Almost seven out of 10 (68 per cent) North American capital markets executives believe a significant portion of their firms' resources will be consumed by regulatory burdens and data latency issues, while 96 per cent admit that stress testing has not addressed all the important risks to the banking system, according to a recent survey by Sybase Inc., an SAP® Company (NYSE: SAP) and a leading provider of enterprise and mobile software.
Banks set to face easier US derivatives rules
April 23, 2012 - Major overseas banks may be made exempt from strict new US laws relating to derivatives, sources have indicated. In the near future, regulators are planning to implement legal changes with the intention of cutting the risk associated with derivatives in order to reduce the likelihood of any repeat of the recent monetary crisis.
