Topic: Financial Regulatory Policy

Austerity should not be done too fast: IMF

NEW YORK (Reuters) - The International Monetary Fund's chief economist cautioned on Wednesday against imposing tough austerity measures too quickly and instead favors a longer process as countries around the world grapple with high debt levels.The IMF's Olivier Blanchard said he was ...

Consumer agency sees confusion on credit cards

(Reuters) - In its first three months in operation, the U.S. consumer financial watchdog received more than 5,000 complaints from credit card customers, led by billing disputes and interest rate problems.The agency on Wednesday released the first batch of data collected on ...

U.S. consumer agency sees confusion over credit cards

(Reuters) - The new U.S. consumer financial watchdog said there is a lot of confusion about the terms of credit cards based on complaints it has received from cardholders in recent months.The agency on Wednesday released the first batch of data collected ...

G20 names 29 banks for capital surcharge, recovery plan

CANNES, France (Reuters) - Twenty-nine banks were named on Friday as being so important to the global financial system that they are likely to need to hold more capital than rivals and must put in place a plan to allow them to ...

Where to Take Your Credit Complaint

The Consumer Financial Protection Bureau has opened a one-stop complaint center for all credit-card-related issues.The Consumer Financial Protection Bureau has opened a one-stop complaint center for all credit-card-related issues.Fighters on the big screen, like Rocky Balboa, always have a feisty trainer to ...

Australia wants banks to meet new global rules in 2013

SYDNEY (Reuters) - Australia on Tuesday proposed its banks conform to minimum capital requirements faster than global rules as expected, though the proposal is not seen pushing the well-capitalized banks to raise equity immediately.The Australian Prudential Regulation Authority (APRA) in a discussion ...

Obama to discuss progress on U.S. financial reform

WASHINGTON (Reuters) - President Barack Obama will meet on Monday with top U.S. regulators to discuss progress on implementing the legislation he signed a year ago overhauling the country's financial regulatory system.The meeting is set for 2:15 p.m. EDT at the White ...
About 10 percent of European insurance companies tested do not have enough capital to withstand exceptional economic shocks, results published by the sector regulator showed on Monday.But with a success rate of 90 percent, "overall, the European insurance sector remains robust in ...

Central bank chiefs agree on measures for banks

Central bank governors agreed Saturday on ways to help reduce the "moral hazard" of leading banks whose failure would bring chaos to world finance.The measures relating to so-called global systematically important banks were designed to strengthen their resilience and included raising their ...

Financial regulators face budget limits in House

WASHINGTON (Reuters) - The Securities and Exchange Commission would be denied a dramatic funding increase for the 2012 fiscal year under a bill released on Wednesday by the House Appropriations Committee.The Republican-led committee's bill would also strip the newly created consumer financial ...
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