The Basel Committee on Banking Supervision has today published its fourth Report to G20 Leaders on progress made in the implementation of Basel III regulatory reforms. The report has been prepared for the G20 Leaders’ Summit in St Petersburg on 5-6 September. . .
http://www.bis.org/press/p130827.htm
European banks will relocate onto the Continent from London “in very short order” if Britain exits the European Union, the bosses of investment bank Goldman Sachs have warned today. . .
In a speech today, hosted jointly by the CBI East Midlands, Derbyshire and Nottinghamshire Chamber of Commerce and Institute of Directors at the East Midlands Conference Centre, Mark Carney, Governor of the Bank of England, confirmed that the Prudential Regulation Authority (PRA) Board will implement the June 2013 recommendation of the Financial Policy Committee (FPC) regarding the amount of liquidity held by banks and building societies. . .
http://www.bankofengland.co.uk/publications/Pages/news/2013/099.aspx
Goldman Sachs Group Inc. (GS) and JPMorgan Chase & Co. (JPM) are among banks whose debt ratings may be cut by Moody’s Investors Service as it examines whether the U.S. would be less likely to ensure creditors are repaid in a crisis . . .
http://www.bloomberg.com/news/2013-08-22/moody-s-mulls-downgrade-of-biggest-banks-as-u-s-support-wanes.html
The goal of a single rule book for Europe’s banks is splintering even before it’s implemented as northern countries move ahead with tougher requirements to ward off the next boom-to-bust cycle. . .