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Fed's Tarullo wants big banks to hold more capital

May 7, 2013 11:41
By Emily Stephenson and Douwe Miedema WASHINGTON (Reuters) - Banks' limits on how much they can borrow should be tighter than what is called for under a global pact, a top Federal Reserve official said, as calls to cut the size of the largest banks continue. Fed Governor Daniel Tarullo said that the limit, known as a leverage ratio, may have been set too low in Basel III, a worldwide agreement aimed at making banks safer after the devastating 2007-09 financial crisis.

Santander says Basel III core capital to be 12 percent at year-end

April 25, 2013 02:45
MADRID (Reuters) - Santander, the euro zone's biggest lender, on Thursday said its core capital under Basel III rules would reach 12 percent at the end of the year. The bank, which posted a 25.9 percent drop in net profit from a year ago to 1.205 billion euros (1billion pounds), also said it had already returned 31 billion euros of cheap European Central Bank loans, out of an estimated 35 billion euros it took. (Reporting by Sarah White, editing by Julien Toyer)

BoE's Haldane steps up campaign to simplify new bank rules

April 10, 2013 17:15
By Huw Jones LONDON (Reuters) - Rules to make banks safer after the financial crisis need to be simplified quickly to stop large banking groups using them to their advantage, a senior Bank of England official said on Wednesday. The remarks by Andrew Haldane, the bank's executive director for financial stability, echo comments he made in Washington on Tuesday, when he said simpler rules were needed to make it harder for big banks to game the supervisory system.

Taxpayers should no longer bail out banks: Finnish PM

March 26, 2013 13:00
Finland called Tuesday for eurozone taxpayers to be spared from bailing out troubled banks in the future, insisting that shareholders and investors ought to foot the bill instead. "Everywhere in Europe we should be moving towards a normal market economy, where owners and investors suffer losses in the event of a bank failure," Finnish Prime Minister Jyrki Katainen said during a speech about Europe in Helsinki.

Basel proposes tougher rules for bank exposures

March 26, 2013 11:45
By Huw Jones LONDON (Reuters) - Global regulators have proposed tougher rules from 2019 to stop big banks from building a level of risk on their books that would make them vulnerable if a major customer goes bust. In an attempt to gain transparency on bank assets and facilitate speedy action from regulators in the event of a crisis, the global Basel Committee on Banking Supervision is proposing much tougher rules on banks' exposure to other banks.

Basel proposes cap to halve bank exposures

March 26, 2013 07:00
LONDON (Reuters) - A bank should limit its exposure to any other single bank at no more than 5 percent of its capital base to ensure it can stay in business if the other lender defaults, global regulators proposed on Tuesday. The Basel Committee of banking supervisors from nearly 30 countries wants to tighten guidelines for so-called large exposures to avoid banks becoming vulnerable in rocky markets.

Big banks on track to meet Basel capital rules ahead of time

March 19, 2013 06:45
LONDON (Reuters) - The world's top banks have made big strides towards meeting tougher capital rules several years before full compliance is required, global regulators said on Tuesday. The new rules known as Basel III were the world's main regulatory response to the 2007-09 financial crisis that forced governments to rescue undercapitalised lenders.

bank holding firms-capital ratio

March 13, 2013 23:15
SEOUL, March 14 (Yonhap) -- The capital adequacy ratio of South Korean bank holding companies nearly held steady in 2012 from a year earlier as they managed to secure ample equity capital against growing risk-weighted assets, the financial regulator said Thursday. The average capital adequacy ratio of nine local bank holding companies, including top player Woori Finance Holdings Co., stood at 13.23 percent as of the end of December last year, down 0.01 percentage point from the previous year, according to the Financial Supervisory Service (FSS).

EU ministers tackle bank bonus cap, Britain holds out

March 5, 2013 07:01
EU finance ministers said Tuesday there was very little room for manoeuvre on plans to cap banker bonuses, leaving Britain's George Osborne looking isolated at talks on key new regulations for the banking industry. A decision reached last week by the EU's current chair Ireland and the European Parliament would see bankers' bonuses strictly limited in order to prevent the excessive risk-taking many blame for the 2008 global financial crisis.

EU to cap banker bonuses, tighten regulation

February 28, 2013 09:16
The European Union has agreed new rules that will cap bankers' bonuses, blamed by critics for helping to drive the global financial crisis but also defended as crucial for the smooth working of the banking system, officials said Thursday. The European Parliament and the EU's current Irish presidency agreed early Thursday how to implement Basel III, an internationally-agreed set of regulations which tighten capital requirements in the hope of preventing any repeat of the 2008 banking collapse.
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