2013

May

16

Dodd-Frank Swap Trading Rule Mandate

The Commodity Futures Trading Commission voted 4-1 over final Dodd-Frank swap trading rules which will increase competition in private swaps market

2012

Dec

12

German Finmin Ready to Compromise on European Union’s Planned Banking Union

European leaders are seeing new hope in finishing the planning of a single supervisory mechanism for eurozone banks under the European Central Bank (ECB).

2012

Dec

10

Talks on Resolving U.S. ‘Fiscal Cliff’ Issues Pick up Pace

Recent negotiations between Barack Obama, President of the U.S., and John Boehner, Speaker of the House of Representatives,

2012

Dec

07

Two European Banks to Pay USD 2 Billion in Fines to U.S. Regulators

European banks, Standard Chartered Plc and HSBC Holdings Plc, are close to agreeing fines worth USD 2 billion imposed on them by the U.S. regulators

2012

Dec

07

European Central Bank to Maintain Euro’s Interest Rate at 0.75 Percent

The Governing Council of the European Central Bank has decided not to alter the Euro’s interest rate and keep it at 0.75 percent.

2012

Dec

06

New Zealand’s Official Cash Rate to Remain Unchanged at 2.5 Percent

The Reserve Bank of New Zealand has announced that New Zealand will keep its Official Cash Rate (OCR) unchanged at 2.5 percent.

2012

Dec

06

U.K.’s Interest Rate Remains Unaltered at 0.5 Percent

The U.K.’s interest rate will remain unaltered at 0.5 percent according to the latest decision taken by the Bank of England’s (BoE’s) Monetary Policy Committee (MPC).

2012

Dec

06

Spain’s Banking Industry Outlook to Remain Negative in 2013: Fitch Ratings Ltd.

Spain’s banking industry outlook will continue to remain negative in 2013 given the continuing economic problems, reveals a recent report by Fitch Ratings Ltd.

2012

Dec

06

Britain’s New Development Bank to Open in Early 2013

Britain’s new business development bank is to open in early 2013 as per the Autumn statement of George Osborne, Chancellor of the Exchequer.

2012

Dec

04

Firms May Face Funding Paralysis by New Regulations: Allen & Overy

According to a report by Allen & Overy, entitled ‘The Future of Credit’, the rules that entail banks to hold more capital have decreased the flow of credit to small and medium-sized enterprises.