BASEL, Switzerland, July 22 (Global Risk Regulator) – Global banking regulators, absorbing lessons from the credit crisis, propose expanding the scope of their planned capital charge to guard against losses from so-called incremental risk.
Latest articles from Simon Turmaine
Email News Service July 08: Global angle means Fed needs sight of Fannie Mae and Freddie, says Paulson
WASHINGTON, July 15 (Global Risk Regulator) – America’s central bank, acting as a market stability regulator, must have “some line of sight” into so-called government sponsored enterprises (GSEs), given the scope of their operations in world financial markets, US Treasury secretary Henry Paulson told lawmakers today.
Email News Service July 08: Voluntary code and sound supervision both needed, says banking industry’s crisis response
WASHINGTON, July 17 (Global Risk Regulator) – A voluntary best practice code and sound supervision are both needed to build a sound, resilient and dynamic global financial system, according to a top international banker leading his embattled industry’s response to the lessons of the credit crisis.
Email News Service July 08: US regulators urge more powers, more quickly
WASHINGTON, July 10 (Global Risk Regulator) – America must move much more quickly to update its financial regulation in the light of the credit crisis and the rescue of the Bear Stearns investment bank, US Treasury secretary Henry Paulson told lawmakers today.
Email News Service July 08: US Fed suggests more powers; EU moves on rating agencies; G8 urges rapid action
LONDON, July 8 (Global Risk Regulator) – America’s central bank chief argued today for more powers in the wake of the credit crisis as Europe’s finance ministers, as expected, moved to toughen rules on credit rating agencies in the light of the turmoil.
Email News Service July 08: Regulators prepare for next crisis as Basel Committee, EU’s Ecofin, G8 meet this week
LONDON, July 7 (Global Risk Regulator) – The challenge facing global banking supervisors is to make the financial system more resilient in the face of the next, inevitable crisis, according to a top international regulator speaking recently ahead of a key meeting of global banking supervisors this week.
Email News Service July 08: Banks reject EU’s revised 10% capital charge on securitisations
LONDON, July 4 (Global Risk Regulator) – European bankers reject revisions announced this week to controversial proposals for a minimum capital charge on securitised investment products, says a top official with a leading trade association.
Email News Service July 08: Moral hazard warning for central banks
BASEL, Switzerland, July 3 (Global Risk Regulator) – Central bank efforts to counter the effects of malfunctioning financial markets may create moral hazard be weakening the incentives for market participants to manage their liquidity prudently, a key central bank monitoring group warns today.
Email News Service July 08: EU officials claim 15% capital proposal is aimed at stirring debate
The European Commission’s highly controversial proposal for a 15% minimum flat rate capital charge on securitised credit products is intended to stir a debate about this kind of capital market activity, according to a senior EU regulator. Incensed bankers are not convinced. They say it is pretty strange to stir a debate by including the new capital charge, unannounced and without consultation, into technical draft amendments to the Capital Requirements Directive (CRD).
Email news Service June 08: Basel II flexibility will aid new stability framework
BASEL, Switzerland, June 30 (Global Risk Regulator) – The flexibility of the Basel II bank safety rules makes it easier to overcome the challenges of developing a new stability framework that can actively resist the inherent “procyclicality” of the world’s financial system, according to top global financial regulators.

