Lawyers
Bank of England
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Federal Reserve Chairwoman Janet Yellen said it is possible to set negative interest rates after some legal issues were resolved. Setting negative interest rates were adopted by economies to stimulate market movement. -
U.S. contacts UK FX trader over Bank of England meeting: source
The U.S Department of Justice has requested an interview with a senior London-based currency trader who attended a meeting with Bank of England officials three years ago that ultimately became pivotal to a global investigation into allegations of market collusion and manipulation, a source familiar with the matter said on Wednesday. -
G20 watchdog to study bond market liquidity, asset managers
The global financial system is safer but there is no room for complacency because of concerns about the international bond market, Financial Stability Board Chairman Mark Carney said on Thursday. -
Court upholds British challenge to ECB policy on clearing houses
The European Union's second-highest court has ruled the European Central Bank (ECB) was wrong to insist that euro clearing houses should be based in the single currency area, a policy Britain had challenged to defend its financial sector. -
Bank of England may look into HSBC tax case
The Bank of England may look into allegations that Europe's biggest bank HSBC helped clients to avoid paying tax, a top BoE official said on Friday. -
Lawmakers say UK losing clout in shaping EU financial rules
Britain's clout in the European Union is weakening just when plans for a capital markets union present a "golden opportunity" for London's financial sector, UK lawmakers said on Monday. -
UK banks urge regulator to speed up ringfencing rules
Britain's banks have asked the financial regulator to speed up finalizing new rules to protect their retail customers from riskier parts of their operations to enable them to meet a 2019 deadline. -
Britain's state-backed banks scrape through stress tests
The Bank of England gave Britain's state-backed lenders a narrow pass in its debut annual stress tests on Tuesday, but warned that next year banks would face tougher checks of their capital strength and international exposure. -
Co-op Bank says no need to raise capital after fails test
Britain's Co-operative Bank said it would not need to raise capital after failing a Bank of England stress test. Co-op Bank, which nearly collapsed last year and fell under the control of bondholders, said its core capital fell to -2.6 percent in the test, compared to a 4.5 percent pass mark. -
New rules proposed to put an end to "too big to fail" banks
Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses. -
Global regulators to fast-track bank leverage rule
Global regulators will fast-track work on finalizing a key benchmark to measure bank capital even as countries begin applying their own higher ratios, a top regulator said on Monday. -
UK chancellor to announce proposed legislation to criminalize benchmark rigging
The UK Treasury released a statement today detailing the British government's plans to amend existing laws that would criminalize benchmark rate rigging, Bloomberg reported. -
Bank of England proposes amendments to employee contracts to combat misbehaving bankers
The Bank of England believed that bonus clawbacks are an effective way to discourage bankers or senior staff of financial institutions from making high-risk decisions or doing financial misconduct, Bloomberg said in a report. -
Bank of England launches probe on officials condoning currency manipulation
Bank of England's Prudential Regulation Authority Chief Executive Officer Andrew Bailey denied allegations regarding the central bank condoning the practice of traders sharing impending customers via chat rooms, said a Bloomberg report.
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