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By Marlene Y. Satter, AdvisorOne |
May 3, 2012
In the wake of a failure to reach agreement on proposed bank capital rules at a meeting of E.U. finance ministers that ended early Thursday morning, George Osborne, the British chancellor of the Exchecquer, was outspoken in his criticism of other ministers’ efforts to reach agreement.
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By Marlene Y. Satter, AdvisorOne |
May 3, 2012
Although discussions dragged on till the wee hours of the morning, E.U. finance ministers were unable to put together a deal on toughening bank capital rules.
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By Marlene Y. Satter, AdvisorOne |
April 25, 2012
E.U. banks could soon find themselves regarded in much the same way as power or water companies: entities that keep society functioning but pretty much stay in the background.
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By Marlene Y. Satter, AdvisorOne |
March 6, 2012
European Union officials could include in their draft bank capital law measures to limit banker pay, setting in place a specified limit between the highest and lowest paid, as well as instituting a limit on bonuses.
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By Marlene Y. Satter |
November 22, 2011
The banking industry in Europe was given until mid-September to come up with more transparent fees by the European Union executive. It has not done so, according to Michel Barnier, who is in charge of regulating finance for the EU; therefore, he will propose new rules to make it easier...
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By Marlene Y. Satter |
November 16, 2011
A new draft law unveiled Tuesday by the European Union angered ratings agencies Moody's, Standard & Poor's and Fitch, although according to Internal Market Commissioner Michel Barnier it is designed to inject competition into the sector, currently dominated by the 'big three.'
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By Marlene Y. Satter |
October 21, 2011
In a quest to prevent further deterioration in the European credit crisis, the European Commission may ask for the authority to censor or ban credit ratings on troubled countries.
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By Gil Weinreich, AdvisorOne |
September 12, 2011
JPMorgan Chase CEO Jamie Dimon called Basel III capital rules “blatantly anti-American” and suggested the U.S. should consider withdrawing from the group. Times Columnist Paul Krugman then took a shot at Dimon.
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By Gil Weinreich, AdvisorOne |
July 20, 2011
Ahead of summit meeting, credit agency S&P raps stress tests; European Commissioner raps credit agencies.
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By Marlene Y. Satter |
July 20, 2011
The head of financial services for the European Union said Wednesday that banks failing to abide by new and stronger rules regarding liquidity and capital will be subject to fines of as much as 10% of turnover.
