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• • (AFX UK Focus) 2006-05-07 09:30 GMT: AFX NEWS BRIEFING: Banking and insurance highlights to 09:15 BST (Interactive Investor)
  • Sun, 07 May 2006 09:00:52 GMT
  • SHANGHAI (AFX) - At least two insurers have submitted their applications to the China Insurance Regulatory Commission (CIRC) demanding an increase in stock investment quota, the China Business Post reported.
• • Fund disclosures haven't happened (San Francisco Chronicle)
  • Sun, 07 May 2006 11:08:40 GMT
  • When Christopher Cox got in front of the Senate Banking Committee late last month and said improving mutual fund disclosure is the "central focus" of the Securities and Exchange Commission, there was a scary and disappointing sense of deja vu....
• • SEC should require fund materials read like 'plain English' (Boston Herald)
  • Sun, 07 May 2006 04:27:16 GMT
  • When Christopher Cox got in front of the Senate Banking Committee late last month and said that improving mutual fund disclosure is the "central focus" of the Securities and Exchange Commission,...
• • EU Ministers Debate Sales Tax, Banking (AP via Yahoo! News)
  • Fri, 05 May 2006 15:37:07 GMT
  • EU finance ministers tried Friday to ease a tax headache for companies that do business with customers in other countries, and also discussed a new push for banking rules.
• • Clear disclosure remains elusive despite efforts (Minneapolis-St. Paul Star Tribune)
  • Sun, 07 May 2006 01:10:02 GMT
  • When Christopher Cox told the Senate Banking Committee late last month that improving mutual fund disclosure is the "central focus" of the Securities and Exchange Commission (SEC), there was a scary and disappointing sense of déjà vu. Improving disclosure has been a big issue with the past five SEC chairmen, and yet for the past 15 years, every attempt at improved disclosure has failed to deliver
• • (AFX UK Focus) 2006-05-07 09:05 GMT: China's major commercial banks NPL ratio 8.0 pct at end Q1 - CBRC (Interactive Investor)
  • Sun, 07 May 2006 08:31:14 GMT
  • SHANGHAI (AFX) - The non-performing loans (NPLs) ratio of major commercial banks totaled 8.0 pct at the end of March, down just 0.6 percentage points from the end-December level, the China Banking Regulatory Commission (CBRC) said in a statement on its website.
• • China's shares close at nearly two-year high (Reuters via Yahoo! Asia News)
  • Mon, 08 May 2006 08:05:38 GMT
  • SHANGHAI, May 8 (Reuters) - Chinese shares closed at their highest level in nearly two years on Monday as investors bought banking stocks after regulators said they would let firms resume raising capital on domestic bourses, ending a year-long ban.
• • China's shares jump as fund-raising set to resume (Reuters via Yahoo! Asia News)
  • Mon, 08 May 2006 04:32:08 GMT
  • SHANGHAI, May 8 (Reuters) - Chinese shares rose 3.05 percent on Monday morning as investors bought banking stocks after regulators said they would let firms resume capital-raising on domestic bourses, ending a year-long suspension.
• • EU Ministers Debate Sales Tax, Banking (WJLA-TV Washington D.C.)
  • Fri, 05 May 2006 16:26:45 GMT
  • BRUSSELS, Belgium (AP) - EU finance ministers tried Friday to ease a tax headache for companies that do business with customers in other countries, and also discussed a new push for banking rules.Austrian Finance Minister Karl-Heinz Grasser, who led the talks, said the EU should set up a clear system to charge sales tax on services such as telecommunications and pay TV in the country where the
• • European Commission and European Central Bank Sepa statement (Finextra)
  • Fri, 05 May 2006 13:34:13 GMT
  • The European Commission (Commission) and the European Central Bank (ECB) share a common vision for the Single Euro Payments Area (SEPA) and the process leading to its realisation.