http://www.out-law.com/en/ Latest legal news on banks from OUT-LAW.COM, part of international law firm Pinsent Masons en-gb Pinsent Masons LLP Tue, 22 May 2012 13:46:30 +0100 http://www.out-law.com/en/articles/2012/may/regulators-set-out-criteria-for-dual-regulation-of-certain-investment-firms/ http://www.out-law.com/en/articles/2012/may/regulators-set-out-criteria-for-dual-regulation-of-certain-investment-firms/ Banks The Prudential Regulation Authority (PRA) will consider a range of criteria including the value of an investment firm's total assets and its business model when deciding whether it will be dual-regulated under the new financial services regime. Fri, 18 May 2012 17:09:00 +0100 http://www.out-law.com/en/articles/2012/may/european-member-states-agree-on-stricter-bank-capital-requirements-after-uk-accepts-late-concessions/ http://www.out-law.com/en/articles/2012/may/european-member-states-agree-on-stricter-bank-capital-requirements-after-uk-accepts-late-concessions/ Banks EU member states have unanimously adopted stricter capital requirements for their banks after the UK was granted a late agreement enabling it to implement its proposed ring-fencing of banks' retail and investment activities in full. Thu, 17 May 2012 13:04:00 +0100 http://www.out-law.com/en/articles/2012/may/meps-call-for-reduced-risk-weighting-on-small-business-loans-and-stronger-capital-requirements-for-banks/ http://www.out-law.com/en/articles/2012/may/meps-call-for-reduced-risk-weighting-on-small-business-loans-and-stronger-capital-requirements-for-banks/ Banks Banks should reduce the risk they assign to lending to small businesses and instead increase the amount of capital they hold to make them more risk resilient, a committee of MEPs has said. Tue, 15 May 2012 15:02:00 +0100 http://www.out-law.com/en/articles/2012/may/big-banks-to-submit-living-wills-by-end-of-june-as-fsa-publishes-draft-approach/ http://www.out-law.com/en/articles/2012/may/big-banks-to-submit-living-wills-by-end-of-june-as-fsa-publishes-draft-approach/ Banks Big banks will be expected to submit recovery plans and resolution packs, or 'living wills', by June as originally planned despite delays to the final rules, the City watchdog has confirmed. Tue, 15 May 2012 14:28:00 +0100 http://www.out-law.com/en/articles/2012/may/committee-of-meps-call-on-tougher-rules-on-financial-products-advertising/ http://www.out-law.com/en/articles/2012/may/committee-of-meps-call-on-tougher-rules-on-financial-products-advertising/ Banks Advertisers should be required to explain in more detail the risks and benefits of "sophisticated financial products" because the public is generally "vulnerable" when making choices in this market, a European Parliamentary committee has said. Mon, 14 May 2012 15:52:00 +0100 http://www.out-law.com/en/articles/2012/may/troubled-spanish-bank-is-to-be-part-nationalised-bank-of-spain-confirms/ http://www.out-law.com/en/articles/2012/may/troubled-spanish-bank-is-to-be-part-nationalised-bank-of-spain-confirms/ Banks Spain's fourth largest bank is to be part-nationalised, the country's central bank has announced. Fri, 11 May 2012 08:00:00 +0100 http://www.out-law.com/en/articles/2012/may/basel-committee-consults-on-removing-trading-book-capital-loophole/ http://www.out-law.com/en/articles/2012/may/basel-committee-consults-on-removing-trading-book-capital-loophole/ Banks The Basel Committee of international banking supervisors is to consult on stricter rules regarding how banks differentiate between different types of assets, which could require them having to hold more capital against financial risks. Tue, 08 May 2012 12:17:00 +0100 http://www.out-law.com/en/articles/2012/may/government-out-of-infrastructure-spending-options-as-data-reveals-fall-in-private-finance-lending/ http://www.out-law.com/en/articles/2012/may/government-out-of-infrastructure-spending-options-as-data-reveals-fall-in-private-finance-lending/ Banks New figures indicating a further contraction in the global volume of project finance are "not a surprise", according to infrastructure law experts. Tue, 08 May 2012 11:31:00 +0100 http://www.out-law.com/en/articles/2012/may/banking-anti-bribery-guidance-needs-practical-proportionate-focus-industry-says/ http://www.out-law.com/en/articles/2012/may/banking-anti-bribery-guidance-needs-practical-proportionate-focus-industry-says/ Banks Updated guidance proposed by City watchdogs on anti-bribery and corruption (ABC) procedures would "benefit greatly" from a more practical focus on proportionate procedures, the banking industry has said. Tue, 08 May 2012 11:19:00 +0100 http://www.out-law.com/en/articles/2012/may/regulator-considering-whether-banks-mis-sold-interest-rate-swaps-to-small-businesses/ http://www.out-law.com/en/articles/2012/may/regulator-considering-whether-banks-mis-sold-interest-rate-swaps-to-small-businesses/ Banks City watchdog the Financial Services Authority (FSA) is reviewing the way in which banks have sold interest rate swaps following allegations that the complex instruments have been mis-sold to small businesses, the Government has confirmed. Fri, 04 May 2012 10:57:00 +0100