Financial stability will be given greater weight than consumer protection where the two conflict, it emerged on Monday as the government unveiled a blueprint for UK regulatory reform
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Stability priority in finance rules shake-up
China rules out ‘nuclear option’ on T-bills
The body that manages China’s official currency reserves has called on the US to take ‘responsible measures’ to maintain the dollar’s value but ruled out dumping its vast holdings of US Treasury securities
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EU parliament backs tough bonus rules
Tough new rules restricting bankers’ bonuses in Europe were approved by European Union lawmakers as part of a package which sets out how much capital banks must hold to support their operations
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Crisis-hit BP rules out issuing new shares
BPis not planning to issue new shares, the company said, in spite of the pressure on its finances caused by its huge oil spill in the Gulf of Mexico
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Bankers fear effect of Basel rules
Industry body warns economic growth would be cut by 3 percentage points between now and 2015 if current proposals to force banks to hold more capital and liquid assets go forward unchanged
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Debt Management 101: 7 Key Rules every Consumer Should Know
Individuals often feel overwhelmed when they come to a point in life where they must ask for help from a credit counselor or debt management specialist. Without some specific guidelines to assist them along the way, many may make poor decisions and, in the long run, only compound their original financial problems. [...]
Obama to unveil offshore drilling rules
The US president is to announce sweeping new regulations for maritime oil extraction as he struggles to show his administration is in control of the Gulf of Mexico oil spill, a crisis it has been powerless to stop
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Osborne rules out fund for failing banks
The UK chancellor ruled out creating a dedicated fund to pay for the winding up of failing banks, putting Britain at odds with new proposals from Brussels
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Osborne rules out levy for failing banks
The UK chancellor ruled out creating a dedicated fund to pay for the winding up of failing banks, putting Britain at odds with new proposals from Brussels
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Osborne bows to EU hedge fund rules
Political capital preserved in Brussels by not fighting to dilute an EU directive that had been ferociously pushed by France and Germany and that had reached its legislative endgame before UK election
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