Revue réglementaire et juridique

• Affaire Kerviel : le procès de la finance en folie
• Basel Committee : Risk weight for the Multilateral Investment Guarantee Agency (MIGA)
• CESR Technical Advice to the European Commission in the Context of the MiFID Review: Non-equity markets transparency
• CESR to take a coordinated effort to respond to the recent market turmoil
• Etats-Unis : le gouvernement dépose au Congrès son projet d’aide aux petites banques
• Geithner, Paulson back sweeping financial reforms
• Volcker: Don’t ban all bank derivatives business
• ECB: ECB assesses the Greek economic and financial adjustment programme
• ECB announces change in eligibility of debt instruments issued or guaranteed by the Greek government
• FDIC: Seeks Public Comment on Templates for Safe, Low-cost Transactional and Basic Savings Accounts
• FDIC Issues List of Banks Examined for CRA Compliance
• FINMA – « Mise à jour du guide pratique concernant les modifications des contrats de fonds de placement suisses »
• AMF : La surveillance des marchés
• Statement of the Securities and Exchange Commission and the Commodity Futures Trading Commission
• Bâle 3 : Mesurer les impacts sur l’économie
• Le médiateur auprès de la FBF publie son rapport d’activité pour 2009
• Greece : OECD welcomes fiscal consolidation plan, says it will help strengthen economy

Affaire Kerviel : le procès de la finance en folie

Posted: 08 May 2010 10:41 PM PDT

À un mois de l’ouverture de son procès, l’ancien trader de la Société Générale a publié un livre et accordé une série d’interviews dans lesquelles il se présente en bouc émissaire aux yeux de l’opinion, à défaut d’avoir convaincu les juges d’instruction. La banque demande quant à elle « une sanction exemplaire ».

Basel Committee : Risk weight for the Multilateral Investment Guarantee Agency (MIGA)

Posted: 08 May 2010 10:23 PM PDT

The Basel Committee on Banking Supervision has agreed that supervisors may allow banks to apply a 0% risk weight to claims on the Multilateral Investment Guarantee Agency (MIGA) in accordance with paragraph 59 of the document International Convergence of Capital Measurement and Capital Standards, A revised Framework, June 2004 (Basel II Framework).

CESR Technical Advice to the European Commission in the Context of the MiFID Review: Non-equity markets transparency

Posted: 08 May 2010 10:18 PM PDT

This consultation paper presents possible ways of developing the recommendations in the July 2009 report in the context of the upcoming MiFID Review to be launched by the European Commission in the course of 2010.

CESR to take a coordinated effort to respond to the recent market turmoil

Posted: 08 May 2010 10:16 PM PDT

Following the recent exceptional volatility in the securities and derivatives markets, Members of the Committee of European Securities Regulators (CESR) have decided in their regular meeting today in Barcelona, to intensify their close monitoring of these markets. In particular, they will pay attention to potential breaches of conduct of business rules and cases of market abuse with a view to coordinating the actions of national supervisors.

Etats-Unis : le gouvernement dépose au Congrès son projet d’aide aux petites banques

Posted: 08 May 2010 10:03 PM PDT

Le gouvernement américain a transmis au Congrès un projet de loi devant permettre de débloquer 30 milliards de dollars pour aider les petites banques à prêter aux petites entreprises, a indiqué vendredi le président Barack Obama à Washington.

Geithner, Paulson back sweeping financial reforms

Posted: 08 May 2010 09:46 PM PDT

WASHINGTON — US Treasury Secretary Timothy Geithner and his predecessor Henry Paulson pressed for sweeping financial reforms Thursday in a rare show of political solidarity amid congressional bickering over new regulation.

Volcker: Don’t ban all bank derivatives business

Posted: 08 May 2010 09:45 PM PDT

WASHINGTON — Former Federal Reserve Chairman Paul Volcker is voicing misgivings about legislation that would force banks to spin off their business in the complex financial products known as derivatives.

ECB: ECB assesses the Greek economic and financial adjustment programme

Posted: 08 May 2010 09:34 PM PDT

The Governing Council of the European Central Bank (ECB) welcomes the economic and financial adjustment programme which was approved today by the Greek government following the successful conclusion of the negotiations with the European Commission, in liaison with the ECB, and the International Monetary Fund.

ECB announces change in eligibility of debt instruments issued or guaranteed by the Greek government

Posted: 08 May 2010 09:33 PM PDT

The Governing Council of the European Central Bank (ECB) has decided to suspend the application of the minimum credit rating threshold in the collateral eligibility requirements for the purposes of the Eurosystem’s credit operations in the case of marketable debt instruments issued or guaranteed by the Greek government. This suspension will be maintained until further notice.

FDIC: Seeks Public Comment on Templates for Safe, Low-cost Transactional and Basic Savings Accounts

Posted: 08 May 2010 09:31 PM PDT

The Federal Deposit Insurance Corporation (FDIC) is seeking public comment on templates describing potential features for safe, low-cost transactional and basic savings account products for low- and moderate-income (LMI) consumers.

FDIC Issues List of Banks Examined for CRA Compliance

Posted: 08 May 2010 09:29 PM PDT

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in February 2010.

FINMA – « Mise à jour du guide pratique concernant les modifications des contrats de fonds de placement suisses »

Posted: 08 May 2010 09:22 PM PDT

Les modifications des contrats de fonds de placement suisses requièrent l’approbation de la FINMA. Jusqu’à ce jour, les directions de fonds soumettaient les modifications envisagées accompagnées d’un projet de publication à l’examen préalable de la FINMA. Une telle obligation n’existe toutefois pas de par la loi.

AMF : La surveillance des marchés

Posted: 08 May 2010 09:21 PM PDT

La principale mission du service de la Surveillance des marchés de l’AMF est de détecter tout événement ou comportement anormal qui pourrait être qualifié de manquement en matière boursière1 ou caractériser un manquement aux obligations professionnelles des intermédiaires et ainsi, entraîner, sur décision du secrétaire général de l’AMF, l’ouverture d’une enquête.This posting includes an audio/video/photo media file: Download Now

Statement of the Securities and Exchange Commission and the Commodity Futures Trading Commission

Posted: 08 May 2010 09:19 PM PDT

Washington, D.C., May 7, 2010 — The Securities and Exchange Commission and the Commodity Futures Trading Commission today released the following statement: “We are continuing to review the unusual trading activity that took place briefly yesterday afternoon to pinpoint its cause and contributing factors.

Bâle 3 : Mesurer les impacts sur l’économie

Posted: 08 May 2010 08:57 PM PDT

La FBF vient de répondre à la consultation du comité de Bâle sur la solvabilité et la liquidité. Elle soutient la réforme mais elle demande une modification des propositions, car c’est le financement de l’économie européenne qui est en jeu.

Le médiateur auprès de la FBF publie son rapport d’activité pour 2009

Posted: 08 May 2010 08:55 PM PDT

Pour la 7ème année consécutive, Benoît Jolivet, médiateur auprès de la FBF, a remis son compte rendu d’activité au Gouverneur de la Banque de France, Président du Comité de la médiation bancaire, et au Président du Comité Consultatif du secteur Financier (CCSF). Il porte sur les 125 établissements adhérents à ce service (liste consultable sur www.fbf.fr).

Greece : OECD welcomes fiscal consolidation plan, says it will help strengthen economy

Posted: 08 May 2010 08:51 PM PDT

We welcome the fiscal consolidation plan and loan package agreed by the Greek government, its Euro area partners and the International Monetary Fund. The plan provides Greece with the breathing space it needs to bring its public finances under control.