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U.K. Jabs EU on Bank Rules
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Mervyn King, Governor of the Bank of England, wants to see stricter requirements than Basel III on capital reserves for U.K. banks. The Bank of England has expressed its strong disapproval of UK banks lobbying activities in Brussels to push for a dilution in Basel III standards. The British government and the Bank of England want to have the flexibility to set their own stricter standards and not to be bound by a relaxed standard set by the EU. The risk to British taxpayers is a principal concern. In the U.S. Fed governor Daniel Tarullo is pushing for capital reserve requirements stricter than Basel III's 7% requirement- calling for a requirement of 10-14%.
Britain's Independent Commission on Banking (ICB) and the banking industry- 2011
04/07/2011
Ring fencing of risky operations and addressing other issues in British banking, including "too big to fail."
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British Bank Proposal Expected to Include Stiff Rules
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Big Banks in U.K. Dodge Breakup
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Fixing international banking: Unfinished business
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Lighter banking regulation in the U.S. compared to the stricter regulation proposed in Britain- 2011-2012
04/07/2011
The structural separation of investment banking and trading activities of banks from deposit taking activity, that is proposed by the Independent Commission on Banking in Britain. This is different from the Volcker Rule in the U.S., which sets rules banks are required to follow to constrain risktaking activity by the trading arm of banks. In practice only a lighter form of the Volcker Rule has been adopted in the U.S., and the rules are not clearly defined. Ring fencing of risk taking activities at banks is an important part of British regulation, an approach also adopted by Germany.
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The Power Behind the Throne at the Federal Reserve
New York Times 07/31/2013
Volcker Rule to Curb Bank Trading Proves Hard to Write
Wall Street Journal 09/10/2013
British Bank Proposal Expected to Include Stiff Rules
New York Times 04/07/2011
British Bank Panel Suggests Changes to Limit Risk
New York Times 04/12/2011
Big Banks in U.K. Dodge Breakup
Wall Street Journal 04/12/2011
After the reforms: Safer, but not yet safe enough
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Britain leads the way in requiring more liquidity at banks and in getting agreement to limit bonuses.
02/04/2009
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Wall Street Journal 10/31/2013
Royal Bank of Scotland to Slash Costs as Losses Deepen
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Bailed-Out Royal Bank of Scotland Sees Years of Losses
New York Times 02/27/2014
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
In U.K., Getting Tough With Nationalized Banks
Wall Street Journal 02/09/2009
U.K. Bankers to Wait Seven Years for Bonuses
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U.S. Fed governor Daniel Tarullo and new capital reserve requirements for U.S. banks in 2011-2015
10/24/2009
Grouped Articles
Wall Street Journal 05/01/2013
The Power Behind the Throne at the Federal Reserve
New York Times 07/31/2013
Fed Boosts Pressure on Banks Over Capital Levels
Wall Street Journal 08/20/2013
Banks Ordered to Add Capital to Limit Risks
New York Times 04/08/2014
Regulator Suggests End to Bank's Self-grading
New York Times 05/08/2014
Fed’s New Bank-Regulation Tune Should Be One Direction
Wall Street Journal 12/02/2014
Rules for global bank reserves under Basel III.
01/21/2010
Grouped Articles
The Battle Over Bank Rules at Basel III
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Wall Street Journal 09/14/2010
New Global-Bank Rules Could Require Bigger Cushions
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Basel Rules Unlikely to Force Capital Raising
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After Basel, the Banks Are Not Safer
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Bank of England governor Mervyn King sees the need to breakup the biggest banks.
01/28/2008
Volcker in the USA and Mervyn King in England both agree that speculative and utility banking should be separated, and too big to fail banks broken up. Regulation to prevent a future banking crisis they agree is something of an illusion.
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Weâre All Still Hostages to the Big Banks
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BOE's King: Big Banks Should Get Broken Up
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Britain and Its Central Bank Disagree on Banking Laws
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Less Talk, More Action Needed by Fed
Wall Street Journal 10/24/2009
Fed's Tarullo Shakes Up Bank Rules
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Economist 10/26/2009
Britain, Sweden, Spain and Basel III capital reserve requirements for banks
01/21/2010
Britain, Sweden and Spain oppose the dilution of capital reserve requirements for European banks through a broad definition of what constitutes Tier 1 capital. Germany, France and some other European countries favor a loose definition of Tier 1 capital. The systemic risks of lower reserve requirements and loose definitions of Tier 1 capital in a global banking crisis and the danger to taxpayers.
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Spanish Banks More Vulnerable Than Italy's
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The Battle Over Bank Rules at Basel III
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Swiss Politicians Push for Stricter Bank Capital Rules
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Basel Rules Unlikely to Force Capital Raising
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Wall Street Journal 09/14/2010
New Basel rules in June 2011
01/21/2010
A decision by the Basel Committee during the weekend June 25-26, 2011, to increase bank capital reserve requirements to 9.5%.
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Biggest Banks Fitted for New Collar
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IMF Chief's Change of Tune on Bank Capital
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Wall Street Journal 09/15/2011
Dollars to the European Rescue
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UBS Losses Alter Regulation Debate
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'Bucket' List: G-20 Panel Names Top Global Banks
Wall Street Journal 11/05/2011
Revision of Basel III bank rules in Jan. 2013
05/27/2010
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The Battle Over Bank Rules at Basel III
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Wall Street Journal 09/13/2010
Basel Rules Unlikely to Force Capital Raising
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Wall Street Journal 09/14/2010
After Basel, the Banks Are Not Safer
BusinessWeek 09/15/2010
Easing of Rules for Banks Acknowledges Reality
New York Times 01/07/2013
Challenging the embedded thinking on Wall Street and in the City of London.
09/24/2009
The unregulated functioning of free markets is a result of regulators and the banking community both believing that the uninhibited operation of free markets is the best way to generate economic growth. This makes it easy for regulators to be coopted and falling asleep on the job. Turner Adair of Britain's FSA, and other leaders, who are trying to bring fresh thinking to regulatory reforms.
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On Wall St., A Culture of Greed Won't Let Go
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Britain’s Top Financial Regulator Takes On Banks
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British Banks Will Face Tougher Liquidity Rules
New York Times 10/06/2009
The U.K.'s Tough Line on Liquidity
Wall Street Journal 10/07/2009
A Lack of Fiscal Fitness Is Weighing on the Pound
Wall Street Journal 10/14/2009
The approach to banking and financial regulation of the new Cameron coalition government in Britain.
05/13/2010
Both Liberals and Conservatives in the U.K. agree on a levy on the banks to raise 1 billion pounds. Liberal's Cable is the new Business Secretary and he favors shrinking the large banks and reducing systemic risk, and a separation of retail and investment banking activities. The Financial Services Authority will continue to operate and examine banks, the Bank of England will oversee systemic risk and regulation of banks.
Grouped Articles
British Treasury Targets Banks to Increase Tax Revenue
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David Cameron Leads a Call to Thwart Financial Corruption
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A Crisis of Faith in Mervyn King, Britain's Central Banker
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British banks: Vickers in a twist
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British Bank Proposal Expected to Include Stiff Rules
New York Times 04/07/2011
Soul searching about the lack of changes to make the financial system safer after the 2008 global financial crisis
01/15/2010
Soul searching at the IMF, Britain's Financial Services Authority and among experts about the lack of serious changes or reforms in the financial system after the global financial crisis of 2008. Bondholders did not take a haircut in Ireland, and large banks are still "too big to fail." A sense that this could happen again.
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Wall Street's Giants Try 'Flow Monster' Formula
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GE Capital, AIG to Get More Government Oversight
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Obama Presses Regulators to Finish Financial Rules
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Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Volcker Rule to Curb Bank Trading Proves Hard to Write
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After a Financial Flood, Pipes Are Still Broken
New York Times 09/14/2013
Fears that Basel III and European Banking Authority E.U. Stress Tests may not adequately reflect the risks on banks balance sheets.
01/21/2010
The situation after bailout of Irish banks in November 2010 by the EU. The Irish banks had passed European stress tests. Portuguese and Spanish banks may face a similar situation.
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Wall Street Journal 07/16/2011
Europe Fails Another Stress Test
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The Battle Over Bank Rules at Basel III
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Wall Street Journal 09/13/2010
Basel Rules Unlikely to Force Capital Raising
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Banking Rules under Basel III and the global banking system
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Grouped Articles
The Battle Over Bank Rules at Basel III
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Wall Street Journal 09/13/2010
Basel Rules Unlikely to Force Capital Raising
Wall Street Journal 09/14/2010
Wall Street Journal 09/14/2010
After Basel, the Banks Are Not Safer
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G-20 Endorses New Reserve Rules for Banks
New York Times 11/12/2010
Mervyn King on capital reserve requirements for British banks beyond 2010
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Barclays Plans to Issue New Shares
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Mervyn King's Threat to British Banking
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A Crisis of Faith in Mervyn King, Britain's Central Banker
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British banks: Vickers in a twist
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Speed Overhaul, Banker Tells U.K.
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Bank reform: Commission accomplished
Economist 04/16/2011
Capital reserve requirements for Britain's banks in 2013-2015
06/16/2011
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Wall Street Journal 05/01/2013
IMF Chief's Change of Tune on Bank Capital
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Barclays Plans to Issue New Shares
Wall Street Journal 07/29/2013
Barclays Emerges From the Doghouse
Wall Street Journal 07/29/2013
Barclays Aims to Fill Expensive Hole
Wall Street Journal 07/30/2013
Risks Under Review at U.K. Banks
Wall Street Journal 02/04/2013
Singapore- capital reserves requirements for banks
06/16/2011
Grouped Articles
Singapore Raises Capital Ratios For Banks
Wall Street Journal 06/29/2011
IMF Chief's Change of Tune on Bank Capital
New York Times 09/14/2011
Wall Street Journal 06/16/2011
Wall Street Journal 06/17/2011
New York Times 06/20/2011
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