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Drones over U.S. may pose security risks
LONDON, Dec. 8 (UPI) -- A former top bank regulator in Britain has called for the formation of an international regulator to enforce global financing standards.
Howard Davies, ex-chairman of the Financial Services Authority, compared a proposed new agency to the World Trade Organization.
"Why in the finance sector do we not have something similar to the WTO?" Davies asked.
The current international agreement for setting and enforcing bank regulations, Basel II, has "absolutely no accountability," he told The Times of London.
In a separate speech in New York, British financial adviser Shriti Vadera, said the G20 process was, "like herding cats."
Vadera said some European banks have yet to admit to all the losses suffered in the financial crisis. "It's not the U.K. banks that have to come clean, but some of the Continental banks still have issues," she said.
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TEGUCIGALPA, Honduras, Feb. 9 (UPI) --
Honduras is inching back toward economic recovery and sees more international tourism as a way out of the crisis triggered by its June 2010 coup.
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HILLSBORO, Ore., Feb. 9 (UPI) --
Solar panels generating a total of 1.3 megawatts of power are installed at a U.S. Navy facility and ready to begin their first full year of operation.
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With rental vacancy rates at their lowest levels in 10 years, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011....
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Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
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