BRUSSELS – European financial regulators called in mid-March for advice from banking supervisors on liquidity risk management, the topic that’s currently the focus of much industry and regulator attention.

NEW YORK – Proposed reforms of the way reinsurance is regulated in the US moved forward in March, foreshadowing a possible wholesale restructuring of regulations that have long been the bugbear of non-US reinsurers.

Associations say new proposals to reduce implementation burden of Sarbanes Oxley Act are flawed. Not truly risk-based By Melvyn Westlake

US concerns about capital market competitiveness formed the background to transatlantic financial regulation dialogue

The US and EU are launching ‘roadmap’ talks on furthering cooperation in the oversight of audit firms.

Elimination of the present US requirement that new international accounting rules should be reconciled with US GAAP (generally accepted accounting principles) requires sustained progress to that goal, the top US securities market regulator said in March.

As a crucial test of Solvency II approaches, Britain backs the industry view on calculating minimum capital. Other regulators, including the French, prefer an alternative approach

Global accounting rule-makers expect to publish in early April their discussion paper seeking views on a key issue for the risk-based supervision of insurance companies worldwide – how best to value the insurance contracts that make up the bulk of an insurer’s liabilities.

FDIC digs in its heels over key aspects of new capital standard. Growing fears of regulatory deadlock as start-date approaches By David Keefe

An IIF report outlines case for regulatory regime tailored to each bank’s business model. Aims to raise liquidity management bar By Melvyn Westlake