Latest articles from Simon Turmaine

Email News Service January 2010: Stability Board aims at regulatory race-to-the-top

BASEL, Switzerland, January 10 (Global Risk Regulator) – Supervisors spearheading the world’s response to the financial crisis aim to spark a global regulatory “race to the top” among all countries. The plan will use peer-group example to motivate all countries and jurisdictions to improve their adherence to international financial standards.

Email News Service January 2010: Joint Forum seeks regulatory gap reduction

BASEL, Switzerland, January 8 (Global Risk Regulator) – Implementation of key recommendations made today by the world’s banking, insurance and securities market supervisors will reduce the “regulatory gaps” made apparent by the financial crisis, according to a top international regulator.

Email News Service January 2010: Stability Board meets to review reform progress

BASEL, Switzerland, January 7 (Global Risk Regulator) – Regulators spearheading the international regulatory response to the global financial crisis meet this weekend for a scheduled review of progress with the reform programme agreed by the Group of Twenty leading economies.

Email News Service December 09: Basel regulators starts tsunami with tougher capital, liquidity rules

BASEL, Switzerland, December 17 (Global Risk Regulator) – Global banking regulators today issued their long expected proposals for tougher bank capital and liquidity rules in the wake of the worldwide financial crisis.

Newsletter December 09: S&P capital ratio shows big banks weaker than thought

PARIS – The first real global comparison of banks’ risk-adjusted capital adequacy, as measured by credit rating agency Standard and Poor’s new risk-adjusted capital (RAC) ratio, shows an average level of 6.7% for 45 major banks, at June 30. This was more than three percentage points lower than the average for their Tier 1 ratios, as more typically measured, suggesting that the banking systemic is weaker than generally perceived.

Newsletter December 09: Liquidity improvements urged for Islamic finance

DUBAI - As Dubai’s debt repayment crisis put Islamic finance in the spotlight for the wrong reasons, leading regulators reiterated the urgent need to improve the management of cross-border liquidity risk in financial activity based on the principles of Islam.

Newsletter December 09: Across-the-board look at pay and rewards

GENEVA - Global regulators wrestling with the vexed issue of banker pay and rewards are looking at the whole structure of compensation across banking organisations, a top international regulator said as rows over banker bonuses came to the boil in Europe.

Newsletter December 09: Regulation Digest

A selected summary of recent papers, and international regulatory moves

Newsletter December 09: International accounting rules remain on track

EU surprises with accounting delay. The European Commission is blamed for not consulting properly By David Keefe

Newsletter December 09: American move on IFRS likely in early 2010

US stock market regulators are expected to consider further action on their controversial roadmap for adopting international accounting rules sometime in early 2010, according to Elisse Walter, one of the five commissioners responsible for developing policy at the US Securities and Exchange Commission (SEC).