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Global banking rules aim to balance safety, growth (AP)

September 12th, 2010

The building of the Bank for International Settlements, BIS, in Basel, Switzerland is pictured on Sunday, Sept. 12, 2010. The world's top central bankers are meeting  in Basel to work on new bank regulations, known as Basel III, aimed at reinforcing the financial stability of the global banking system. (AP Photo/ KEYSTONE/Georgios Kefalas)AP - Banks will have to significantly increase their capital reserves under rules endorsed Sunday by the world’s major central banks, which are trying to prevent another financial collapse without…

British govt. shakes up banking regulations (AFP)

June 16th, 2010

Chancellor of the Exchequer George Osborne attends the Lord Mayor's dinner for the Bankers and Merchants of the City of London at Mansion House in London.(AFP/Carl Court)AFP - Britain has unveiled sweeping changes to its system of financial regulation, handing more power to the Bank of England (BoE) and abolishing the framework set up by the…

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