Central Banks, Supervisors Ease Basel Liquidity Rules, Extend Implementation Time

Central bank governors and banking supervisors from the world’s major financial markets announced a deal Jan. 6 that will ease some restrictions for banks under a proposed new global liquidity standard and give them additional time to meet the new requirements…

Basel Committee Proposes Increase in Banks’ Capital Levels for Securitization Exposures

The Basel Committee on Banking Supervision Dec. 18 issued proposed changes to its existing capital rules which could substantially increase the set-aside requirements for banks with securitization exposures…

HSBC Agrees to Pay U.S.$1.9 Billion to Resolve U.S. Money Laundering Case

The London-based HSBC Group and HSBC Bank USA have agreed to pay $1.9 billion and enter into a deferred prosecution agreement (DPA) to resolve charges of money laundering and doing business with countries subject to U.S. sanctions…

U.S. Federal Reserve Proposes Guidelines for Foreign Banks in Keeping with U.S. Bank Capital Standards

Big foreign banks would face capital standards applied to their U.S. counterparts and be required to maintain a 30-day buffer of highly liquid assets under a proposal Dec. 14 by the Federal Reserve that makes significant change in its regulation of overseas lenders…

European Commission, Germany at Odds over Scope of Banking Supervision Proposal

The EC is set for a major clash with Germany over the scope of an upcoming banking supervision legislative proposal considered key to breaking the link between sovereign debt and undercapitalized financial institutions that has made it so difficult to end the eurozone crisis that has been going on for more than two years…

Basel Committee Unveils Proposals On Risk Reporting For ‘Too Big To Fail’ Banks

GENEVA—The Basel Committee on Banking Supervision unveiled June 26 a new proposal designed to improve the risk data aggregation capabilities and risk reporting practices of “too big to fail” banks.

ANALYSIS: U.S. Federal Reserve Opens the Door to Increased Chinese Investment in U.S. Banking Organizations

On May 9, 2012, the Federal Reserve Board released three orders approving investments in the U.S. banking market by entities based in China…

European Commission Proposes ‘Banking Union’ To Share Oversight, Deposit Guarantee Duty

BRUSSELS—The European Commission proposed May 30 that the euro zone should evolve into a “banking union” with joint supervision and a common deposit guarantee.

UAE Draft Banking Law Would Create Second Regulator for Financial Industry

DUBAI, United Arab Emirates—Global economic uncertainties have prompted officials in the United Arab Emirates to set up a second agency to closely monitor financial activity and reduce risk as the country claws back from its own debt crisis.

EU Approves New Law to Close Loopholes for Financial Conglomerates

Seeking to eliminate supervisory gaps over financial conglomerates with extensive cross-border banking and insurance interests, the European Union finalized changes Nov. 8 to the EU Financial Conglomerate Directive in order to reduce the incidence of contagion and risk-concentration…

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