WASHINGTON, April 9 (Global Risk Regulator) – Further refinement of the Basel II bank safety rules coupled with a re-evaluation of aspects of fair value accounting are called for by the International Monetary Fund in its latest report on global financial stability in the wake of current credit crisis.

RICHMOND, Virginia, April 10 (Global Risk Regulator) – The world doesn’t have the luxury of waiting for stricken financial markets to stabilise before thinking about the future, US Federal Reserve Board chairman Ben Bernanke said today.

BRDO PRI KANJU, Slovenia, April 6 (Global Risk Regulator) – European Union finance ministers, having agreed over the weekend on greater cooperation among themselves, will this week press their counterparts from the Group of Seven nations for greater coordination in battling the credit squeeze that threatens global economic growth, Bloomberg News reports.

WASHINGTON, April 3 (Global Risk Regulator) – The major challenge now facing regulators is to make the financial system less vulnerable to situations that oblige them to rescue banks like Bear Stearns, New York Federal Reserve Bank president Timothy Geithner told US lawmakers today.

BERLIN, April 2 (Global Risk Regulator) - A senior German finance ministry official called today for closer cooperation between financial regulators in Europe but resisted an Italian proposal for a one-size-fits-all approach, Reuters news agency reports from Berlin.

Basel, Switzerland, April 1 (Global Risk Regulator) – Market users need to understand better the structure and risks of the credit risk transfer (CRT) products in which they invest, according to the Joint Forum of banking, insurance and securities market regulators.

WASHINGTON, March 31 (Global Risk Regulator) – The US should in the long term create an entirely new regulatory structure comprising a market stability regulator, a prudential regulator and a business conduct regulator, a US Treasury blueprint for the reform says.

LONDON, March 31 (Global Risk Regulator) – Britain and the US have agreed to step up co-operation over the crisis in financial markets, setting up a UK-US working group that will develop proposals to monitor and regulate the banking system, the UK Financial Times newspaper reports today.

LONDON, March 31 (Global Risk Regulator) – Europe’s insurance industry begins a fourth test tomorrow of the radical, complex and risk-focused Solvency II plans for making the European Union’s 5,000 insurers and reinsurers safer and sounder.

ROME, March 30 (Global Risk Regulator) – With the world’s financial system facing several significant near-term challenges, top financial regulators meeting in Rome over the weekend agreed actions for countering key weaknesses underlying the turmoil and for improving market and institutional resilience.