Huw Jones –

Draghi urges euro zone states ‘to be sovereign together’

August 25, 2021 at 1:22 a.m.

LONDON (Reuters) - European Central Bank President Mario Draghi urged euro zone states to respect their joint fiscal rules and extend their cooperation to economic reforms, telling governments they must...

Barclays slapped with $44 million fine over gold price fix

August 25, 2021 at 12:13 a.m.

LONDON (Reuters) - Barclays Plc has been fined 26 million pounds ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just...

Banks, exchanges set to jostle over EU securities reform

August 25, 2021 at 12:13 a.m.

LONDON (Reuters) - European Union regulators have published 800 pages of draft rules for a sweeping reform of the bloc's securities markets, sparking a race among banks and exchanges to...

BoE’s Cunliffe tells banks to prepare for post-“too big to fail” world

August 24, 2021 at 11:55 p.m.

LONDON (Reuters) - Britain's banks need to start preparing for a financial environment in which they are no longer "too big to fail", Bank of England Deputy Governor Jon Cunliffe...

EU watchdog sounds warning over patchwork transaction tax

August 24, 2021 at 11:42 p.m.

LONDON (Reuters) - A tax on stock, bond and derivatives transactions in fewer than half of European Union member states would "not be good" for the bloc's securities market, a...

Britain to review punishment system for bankers who break rules

August 24, 2021 at 11:41 p.m.

LONDON (Reuters) - Britain is to review whether punishments for bankers who break the rules are tough enough to deter others from doing wrong in the financial markets, where there...

Bank of England’s Haldane eyes asset prices, gives few clues on rates

August 24, 2021 at 11:30 p.m.

LONDON (Reuters) - The Bank of England's next chief economist said on Wednesday he wanted to focus more on the role of asset prices to assess the state of the...

EU unveils tougher bank tests in bid to draw line under crisis

August 24, 2021 at 11:27 p.m.

LONDON/FRANKFURT (Reuters) - European banks must show they can survive simultaneous routs in bonds, property and stocks, in the toughest test so far by regulators aiming to restore confidence in...

Global accounting body airs possible reform of bank hedging rule

August 24, 2021 at 11:06 p.m.

LONDON (Reuters) - Investors would be able to make a more accurate assessment of how well banks manage risks on their books under proposals published by the International Accounting Standards...

Regulators ease rule curbing banks’ exposures to customers

August 24, 2021 at 11:01 p.m.

LONDON (Reuters) - Global regulators have eased a new rule limiting how much business a bank can undertake with a single customer, as they try to minimize the risk of...

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