The SEC has set seven milestones which, if achieved, could lead to the eventual use of International Financial Reporting Standards (IFRS) by all US issuers of securities.

EU finance ministers drop group support rules in bid to end deadlock, but they’re opposed by Parliament and Commission

As the row over cross-border group supervision continued, results of a key test of the proposed Solvency II safety rules for insurers indicate that the diversification benefits of the regime are likely to be greater for larger insurance groups than for smaller groups.

NEW YORK/LONDON – Representatives of the battered and much reduced global securitisation industry unveiled plans in early December to try and restore confidence to their market and address the damaging deficiencies that have contributed to the 17-month old financial crisis. Four industry associations – the Securities Industry and Financial Markets Association (SIFMA), the American Securitisation Forum (ASF), the European Securitisation Forum (ESF) and the Australian Securitisation Forum (AuSF) – combining in a Global Joint Initiative to Restore Confidence in the Securitisation Markets, presented their assessment of the market outlook and the threat posed to world economic growth if their market does not recover.

GENEVA, Switzerland, December 8 (Global Risk Regulator) – Banks could face very severe controls indeed in the wake of the global financial crisis unless they can convince the voting public that they’re capable of executing their business responsibly, a top UK regulator said today.

BRUSSELS, December 2 (Global Risk Regulator) – Europe’s insurance industry was quick to express dismay at the decision by European Union finance ministers today to go along with dropping controversial group supervision provisions from the planned Solvency II safety regime for insurers.

LONDON, November 27 (Global Risk Regulator) – A round-up of recent news on financial regulation developments follows:

FRANKFURT-am-MAIN, Germany, November 19 (Global Risk Regulator) – Implementation of Europe’s Solvency II safety regime for insurers is likely to slip by a few months into early 2013 because of the knock-on effects of the current deadlock over cross-border group supervision, a top EU regulator said today.

LONDON, November 18 (Global Risk Regulator) – The international body spearheading the regulatory response to the global financial crisis is about to consider which emerging economies should join it in efforts to reform the world’s financial system

A hike in trading book capital is among a package of new standards to beef up Basel II. Regulators promise careful, prudent introduction