Traders fear US approach to G20 proposals as London blamed for lax supervision; others say America should be tougher

Basel regulators update their internal audit guidelines as the Barclays’ rate fixing fracas shows how much they’re needed Barclays and other banks expected to be caught up in the interbank lending-rate rigging scandal will at least have the assistance of fresh guidance from global banking regulators as they beef up their internal compliance systems.

Top regulator argues case for ComFrame as its introduction gets closer. But it will not be an extra layer of requirements In devising a global basis for supervising large insurers, regulators aim to increase the efficiency with which they oversee complex cross-border insurance groups rather than to add another layer of requirements to existing national rules, according to top regulator Monica Mächler.

Key report confirms fears. Regulators, standard setters dismayed at American indecisiveness over adoption of IFRS

Lawmakers postpone vote on financial markets overhaul as exchanges step up lobbying and EU institutions wind down for summer break By Melvyn Westlake

Regulators accept making uncleared derivatives trading safer could have major impact. Study launched to quantify potential risk to system By David Keefe

Attempts to revive EU market for structured finance products may be undercut by lawmakers’ proposals to regulate CRAs

LONDON, July 16 (Global Risk Regulator) – International accounting rule-makers signalled dismay today with US regulators for their continued delay in deciding whether to adopt international rules. The delay calls into question efforts by world leaders to promote the goal of a single set of global accounting standards.

No early decision on IFRS adoption for American firms is expected in an election year. The issue likely to be kicked into the long grass By David Keefe

A draft EU law to resolve unviable banks opens the way for creditors to be bailed-in. Industry calls for global approach By Melvyn Westlake