Banking industry representatives on both sides of the Atlantic are racing against time to draft a strongly argued and compelling response to proposals from regulators that are predicted to result in a hefty new capital charge on banks’ market trading activities. A public consultation on the new capital charge – known as the Incremental Risk Charge (IRC) – that began in July, had been due to end on October 15.

FASB’s proposed revisions don’t go to the heart of a problem that’s crucially implicated in the financial crisis, say critics

Home-host governments remain split over Solvency II\'s treatment of cross-border insurance groups. But members of the European Parliament are proposing a compromise arrangement.

Europe’s insurance industry representatives also approved MEPs’ decision to back a so-called combined approach to calculating the minimum capital requirement (MCR) under Solvency II, even though the approach is different from the one originally favoured by industry.

Future of global insurance regulation rises to top of agenda amid worries that, after AIG\'s fall, other insurers could be hit

BUDAPEST, October 15 (Global Risk Regulator) – Coming months will see a need to “reflect intensely” on how to tackle the conflicts and inconsistencies between the various national efforts to underpin banking systems and contain the global financial crisis, the top official with the body spearheading the world’s regulatory response to the turmoil said today.

America is angry. Extensive new regulation looks certain to follow the present financial turmoil. But just how far reaching will it be? By Melvyn Westlake

WASHINGTON, October 12 (Global Risk Regulator) – More coordination is needed on the various emergency plans being implemented by governments to deal with the global financial crisis, the man who’s spearheading the detailed international regulatory response to the turmoil said over the weekend.

WASHINGTON, October 8 (Global Risk Regulator) – The US is calling for a meeting of the Group of 20 advanced and emerging countries to discuss coordinating efforts to lessen the effects of the global financial crisis, US Treasury secretary Henry Paulson said today.

WASHINGTON, September 23 (Global Risk Regulator) – US Treasury Secretary Hank Paulson reiterated to lawmakers today that America’s “outdated” system of financial regulatory regulation must be reformed, although the problem “can’t be addressed this week”.