Regulators list systemic risk institutions: report
From Reuters US Online Report Business News | 2009-11-30 01:17:30
<div><p>LONDON (Reuters) - Thirty global financial institutions have been selected for cross-border supervision exercises by regulators, the Financial Times reported on Monday.</p><p>Compiled under the guidance of the Financial Stability Board (FSB), an international body of regulators and central bankers, the list is part of an effort to pre-empt the spread of systemic risks in the event of a future financial crisis.</p><p>Those featuring in the list will also be asked to write so-called "living wills" that outline plans to wind up banks in the aftermath of a crisis.</p><p>The FSB was established in the summer of 2009 to address the dangers posed by systemically-important, cross-border financial institutions through better supervision and co-ordination.</p><p>The list in full, as cited by the FT:</p><p>North American banks:</p><p>Goldman Sachs &lt;GS.N&gt;, JP Morgan Chase &lt;JPM.N&gt;, Morgan Stanley &lt;MS.N&gt;, Bank of America-Merrill Lynch &lt;BAC.N&gt;, Royal Bank of Canada &lt;RY.TO&gt;</p><p>UK banks:</p><p>HSBC &lt;HSBA.L&gt;, Barclays &lt;BARC.L&gt;, Royal Bank of Scotland &lt;RBS.L&gt;, Standard Chartered &lt;STAN.L&gt;</p><p>European banks:</p><p>UBS &lt;UBSN.VX&gt;, Credit Suisse &lt;CSGN.VX&gt;, Societe General &lt;SOGN.PA&gt;, BNP Paribas &lt;BNPP.PA&gt;, Santander &lt;SAN.MC&gt;, BBVA &lt;BBVA.MC&gt;, Unicredit &lt;CRDI.MI&gt;, Banca Intesa, Deutsche Bank &lt;DBKGn.DE&gt;, ING &lt;ING.AS&gt;</p><p>Japanese banks:</p><p>Mizuho &lt;8411.T&gt;, Sumitomo Mitsui &lt;8316.T&gt;, Nomura &lt;8604.T&gt;, Mitsubishi UFJ &lt;8306.T&gt;</p><p>Insurers:</p><p>AXA &lt;AXA.PA&gt;, Aegon &lt;AEGN.AS&gt;, Allianz &lt;ALVG.DE&gt;, Aviva &lt;AV.l&gt;, Zurich &lt;ZURN.VX&gt; and Swiss Re &lt;RUKN.VX&gt;</p><p>(Reporting by William James; Editing by Diane Craft)</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=64456980&bid=informcom" /></div><div id="copyright"><div>
Copyright 2009 <a href="http://www.reuters.com/finance">Reuters US Online Report Business News</a></div></div>
Related Video by 5min
Related Articles
- Home Federal Bank fined by regulators The Business Journal - South Florida | 2010-03-16 18:56:14
- Blue Cross executives' compensation soars as controversy rages over health insurance premium increases Crain's: Chicago | 2010-03-16 12:13:09
- Health insurers losing customers Washington Business Journal | 2010-03-16 06:47:48
- Health Care 101: A consumer primer on Obama's bill Boston Globe | 2010-03-15 06:24:43
- Rattlesnake Attack is Pet Insurer's Most Unusual January Claim Canadian Business Online | 2010-03-15 11:38:26
- The Oval Letter to Obama leads to today's Ohio trip USA Today | 2010-03-15 08:31:26
Related Blogs
- A revealing anecdote The Economist: Democracy in America | 2010-03-16 14:07:21
- Early Show Gives Liberals Unchallenged Health Care Soap Box NewsBusters | 2010-03-16 18:26:54
- Obamacare through the prism of Romneycare Power Line | 2010-03-16 14:40:56
- Nearly 2 million Californians lost health insurance during recession, study finds PhysOrg.com | 2010-03-16 18:27:19
- Former Massachusetts Treasurer: MassCare on a National Scale Would "Wipe Out the American Economy" -- By: Stephen Spruiell The Corner | 2010-03-16 18:36:25
Related Video
- Crain's Headlines: Chicago Jobs; Big Bonuses CBS2 WBBM Top Stories Video | 2010-03-15 08:18:01
- Health insurance monopoly CNN Video | 2010-03-12 09:03:00