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
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).
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,
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.
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
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.
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).
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.
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.
Securities and Exchange Commission Charges China Affiliates for Top Five Accounting Firms
The Securities and Exchange Commission (SEC) has filed complaint against the Chinese affiliates of the world’s top five U.S. accounting firms.