Latest articles from Simon Turmaine

Newsletter May 2013: IMF urges renewed political commitment to reform

WASHINGTON – Renewed political commitment is needed both at the national and global level to complete the financial reform agenda, the International Monetary Fund (IMF) said in April.

Newsletter May 2013: Stability Council warns on cyberattacks

WASHINGTON – Financial markets must exercise continual vigilance against the threat of cyberattacks, the deliberate exploitation of computer systems for criminal purposes, according to America’s financial stability watchdog.

Newsletter May 2013: Further fall in OTC derivatives total

BASEL – Over-the-counter (OTC) derivatives notional amounts outstanding totalled $633 trillion at end-December 2012, down from $639 trillion at end-June 2012 and $707 trillion at end-June 2011, the latest (May, 2013) figures from the Bank for International Settlements (BIS) show.

Newsletter May 2013: SEC is globally focused, says its new chairman

WASHINGTON – Enhancing the profile of America’s stock market watchdog as a globally-focused regulator is an on-going priority, the US Security and Exchange Commission’s (SEC’s) new chairman, Mary Jo White, said in May.

Newsletter May 2013: New US accounting boss seen as steady hand

NORWALK, Connecticut – America’s accounting rules maker has chosen a staff member, Russell Golden, as the organisation’s new head as it faces challenging times on the international front.

Newsletter May 2013: Wrong rules could make life insurers riskier

As US regulators decide who’s a non-bank SIFI and who isn’t, some analysts fear life firms will get treated like banks

Newsletter May 2013: UK eyes early warning plan for mired Solvency II

Regulator broadens attack on Europe’s insurance project but stands accused of ‘EU-bashing’. Delay blamed on governments

Newsletter May 2013: OTC reforms threatened by local rulemaking

With the global deadline missed, national rulemaking is causing confusion and increasing costs, according to industry critics

Newsletter May 2013: US standard setter urged to mind the GAAP

America's credit loss accounting plans get hostile reaction, and critics want rift healed with international rulemakers

Email News Service April 2013: EU-US banking spat increases fragmentation fears

LONDON, April 23 (Global Risk Regulator) – A spat between Europe and America over US plans to force foreign banks to hold more capital is yet another dispute that threatens to undermine international agreement on financial reform, according to Europe’s top financial regulator.