Basel Committee Issues Final Rules On Capital Reserves Disclosure
July 9, 2012 by GlobalLaw
Filed under Financial Services
GENEVA—The Basel Committee on Banking Supervision issued June 26 its final new rules requiring internationally active banks to disclose the composition of their capital reserves.
ANALYSIS: U.S. Federal Reserve Opens the Door to Increased Chinese Investment in U.S. Banking Organizations
June 13, 2012 by GlobalLaw
Filed under Financial Services
On May 9, 2012, the Federal Reserve Board released three orders approving investments in the U.S. banking market by entities based in China…
U.S. Federal Reserve Proposes Rules Raising Quantity, Quality of Capital for U.S. Banks
June 13, 2012 by GlobalLaw
Filed under Financial Services
The Federal Reserve, implementing heightened international standards known as Basel III, proposed rules at a June 7 meeting that would increase the quantity and quality of capital required for U.S. banks…
European Commission Proposes ‘Banking Union’ To Share Oversight, Deposit Guarantee Duty
June 7, 2012 by GlobalLaw
Filed under Financial Services
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.
In First, U.S. Federal Reserve Allows Chinese Banks To Acquire U.S. Banks
May 21, 2012 by GlobalLaw
Filed under Financial Services
The Federal Reserve’s governors voted unanimously to expand China’s banking access on U.S. territory, including for the first time allowing Chinese buyouts of U.S. banks, according to an approval announced May 9.
Basel Committee Proposes Review of Capital Standards for Trading Book
May 14, 2012 by GlobalLaw
Filed under Financial Services
GENEVA—The Basel Committee on Banking Supervision unveiled a new set of draft proposals May 3 aimed at tightening existing capital requirements for bank trading operations.
EU Banks Come Up Significantly Short Of Capital When Measured Against Basel III
April 16, 2012 by GlobalLaw
Filed under Financial Services
BRUSSELS—The European Banking Authority reported April 4 that large and small EU-based banks would have fallen significantly short of the Basel III capital standards requirements in 2011.
EU Banks Need $152.5 Billion To Meet Recapitalization Requirements, European Banking Authority Says
December 15, 2011 by GlobalLaw
Filed under Financial Services
European banks continue to be buffeted by the sovereign debt crisis in the euro zone and therefore must raise a total of $152.5 billion in new capital in order to restore confidence in the sector, the European Banking Authority declared…
Basel Banking Committee Makes Changes to Capital Framework to Ease Trade Finance
November 3, 2011 by GlobalLaw
Filed under Financial Services
The Basel Committee on Banking Supervision announced changes to its Basel capital framework Oct. 25 in order to facilitate continued access to trade financing in poorer countries….
European Bank Recapitalization Plans Meet Hostility Over Private Sector Involvement
October 21, 2011 by GlobalLaw
Filed under Financial Services
Leading European banks launched intensive efforts Oct. 13 to thwart new European Commission bank recapitalization proposals, which industry representatives insist will do more damage than good when it comes to economic growth and resolving the euro zone sovereign debt crisis…
