Latest articles from Simon Turmaine

Email News Service January 09: Crisis shows up stress test weaknesses

BASEL, Switzerland, January 6 (Global Risk Regulator) – Global banking regulators say the financial crisis has exposed four broad areas of weakness in the way banks used stress testing as a risk management tool prior to the start of the turmoil.

Email News Service January 09: Regulatory news summary: Supervisors gear up for hectic first quarter; SEC backs fair value; IASB/FASB name crisis g...

LONDON, January 5 (Global Risk Regulator) – As the New Year begins, financial regulators are gearing up for a hectic first quarter preparing the ground for key decisions by world leaders aimed at rectifying and reforming the world’s financial system in the wake of the global financial crisis.

Newsletter December 2008: Basel regulators considering about-turn on leverage ratio

Financial crisis has exposed weakness in the calculation of banks\' risk capital. Combining different measures will provide belt and braces By Melvyn Westlake

Newsletter December 2008: EU rating agency regulation rapped as ‘protectionist’

Investors and rating agency managements are worried by restrictive credit rating proposals. Governments, lawmakers seek compromise

Newsletter December 2008: Noose tightens on unregulated markets, firms, instruments

G20 countries called for a review of the unregulated parts of the global capital markets. Among the sectors feeling the heat are credit derivatives, writes Melvyn Westlake

Newsletter December 2008: Agency chiefs spar over future of US regs system

Turf jealousy is big obstacle to reforming regulatory structure. Support for bipartisan Select Committee to study options

Newsletter December 2008: SEC proposes second round of rating agency rules

In early December, the US Securities and Exchange Commission approved a series of measures to increase transparency and accountability at credit rating agencies, and ensure that firms provide more meaningful ratings and greater disclosure to investors.

Newsletter December 2008: The old order changeth

G7 nations are giving way to a new world order in financial regulation – in the shape of the G20. April will be a key test of its effectiveness, writes David Keefe

Newsletter December 2008: Swiss regulator imposes big hike in bank capital

BERN – The Swiss Federal Banking Commission (SFBC) has become the first regulator to require its banks to substantially boost their regulatory capital in response to the global financial crisis. It is also introducing a leverage ratio that will impose an additional safeguard on the country’s two biggest banks and make them more resilient in the face of future shocks.

Newsletter December 2008: EU ministers, Parliament clash over securitisation

BRUSSELS – EU finance ministers and the European Parliament look set to collide over the regulatory treatment of securitisation products. There is wide agreement that the originators of such products should retain an economic interest in them, to try and prevent a reoccurrence of the reckless practices that undermined confidence in the securitisation market and contributed to the current global financial crisis.