NEW YORK – As US treasury secretary Hank Paulson’s department races to complete its blueprint for a revamped financial regulatory structure, promised for early in 2008, a new report reveals a continuing sharp deterioration in the competitiveness of America’s public equity markets.

BASEL –Global banking regulators sought to clarify thorny issues of supervisory co-operation as many leading international banks prepared to adopt advanced approaches to measuring their operational risks from January 1.

LONDON – Credit exposures between different parts of a cross-border banking group in Europe may have to be included in the group’s overall large exposure limits, under new rules that are being presently thrashed out. If this approach is retained when the proposed new large exposure regime is adopted, bankers are likely to be deeply disappointed. They have argued strongly that intra-group exposures should not be part of any regulatory limit, at least for subsidiaries within the 30 countries of the European Economic Area (EEA), which includes all the 27-EU member countries.

WASHINGTON – Large US banks, which are preparing to implement the Basel II capital standard in 2009, are likely to see their risk-based capital rise sharply over the rest of this decade, according to a new analysis. Such an outcome is the opposite of what many bankers had hoped, and some US regulators had feared, notably Sheila Bair, head of the Federal Deposit Insurance Corporation (FDIC).

A crucial test of the EU’s Solvency II regime shows minimum capital rule and cross-border supervision are still contentious By David Keefe

As expected, the US is dropping its reconciliation rule for IFRS to aid progress to world accounting rules

Geneva, Switzerland, December 10 (Global Risk Regulator) – Current financial market turmoil has shown up the weaknesses of the models used in the advanced approaches to assessing credit risk under the international Basel II bank safety rules, top US banking supervisor Sheila Bair said today.

BRUSSELS, December 4 (Global Risk Regulator) – European Union finance ministers agreed today to reform the way financial markets are supervised to cope better with turbulence but rebuffed attempts by Italy for a more radical centralisation of oversight, Reuters news agency reports.

BASEL, Switzerland, November 29 – Global banking regulators today sought to clarify thorny issues of supervisory co-operation as many leading international banks prepared to adopt advanced approaches to measuring their operational risks from January 1.

WASHINGTON, November 5 (Global Risk Regulator) – The head of the federal agency that insures customer deposits at US banks reiterated today the importance of the July agreement among US regulators to make a post-adoption study of the impact of the contentious Basel II bank safety rules on America’s banks.