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Interest rate decisions due

EUROPE - The European Central Bank and the Bank of England will both, separately, make their latest interest rate decisions tomorrow, 5 July. Neither is expected to cut rates further.

Three regulators criticise new SEC rules

US - Three major U.S. banking regulators issued a scathing criticism on 2 July of the Securities and Exchange Commission's interim final rules on when banks can be exempt from standard dealer and broker requirements.

Korea's smaller chaebol could own banks

SOUTH KOREA - South Korea may take the controversial step of turning to smaller conglomerates to sell off nationalised banks, the head of Seoul's top state-run thinktank suggested in a Reuters interview today, 3 June.

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