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European Commission Issues Rules For Sovereign Debt CDS, Short Sales

BRUSSELS—The European Commission July 5 issued rules to implement recently approved legislation banning uncovered sovereign credit default swaps and short sales of shares and sovereign debt.

Global Groups Issue Revised Guidelines on Supervision of Financial Conglomerates

Three international financial regulatory bodies issued a proposed set of revised international guidelines Dec. 19 aimed at improving the supervision of financial conglomerates active in banking, insurance, and/or securities trading…

ANALYSIS: The Hong Kong Stock Exchange’s New Listing Rules For Debt Securities Issued To ‘Professional Investors’

The Hong Kong Stock Exchange recently amended its listing rules in respect of listing of debt securities issued to professional investors…

European Commission Proposes Controversial Financial Transaction Tax

The European Commission Sept. 28 proposed a highly controversial financial transaction tax that will be imposed on banks and other institutions trading shares, bonds, and derivatives to finance the European Union budget and cover the fiscal strain blamed on the financial sector over the last three years.

ANALYSIS: The Basel Committee Has Gone Cold on ‘Cocos,’ But Is This a Blessing in Disguise for Banks?

The last few months have seen a dramatic fall in the value of bank stocks both in Europe and the U.S., bringing back unpleasant memories of the depths of the financial crisis in 2008…

Swiss, U.K. Regulators Probe UBS Over ‘Rogue’ Trader’s Losses

Financial regulators in Switzerland and the United Kingdom jointly announced Sept. 16 that they were launching a investigation targeting Switzerland’s largest bank, UBS, after the bank announced it had lost $2 billion through “unauthorized” trades by a London-based employee…

Japan’s FSA Releases Updated Program For Conducting Audits of Bank, Brokerages

TOKYO—The Japanese Financial Services Agency May 24 released an updated program for conducting audits and examinations of banks, brokerages and other financial services providers to achieve greater transparency and increased efficiency.