Review group sees inconsistencies in EU’s aprroach to Basel III. In Brussels, timetable for legislative adoption is slipping

A selection of news items generated by the American regulatory reform agenda

Cautious plan means FSB will be a Swiss citizen tied to the G20’s apron strings, not a treaty-based organisation

LONDON/BRUSSELS – In an attempt to rehabilitate the securitisation market, the European finance industry is launching a new, high quality label – Prime Collateralised Securities or PCS – for products which meet best practice in terms of transparency, simplicity, and standardisation.

PRETORIA - South Africa's central bank wants the country's lenders to hold more capital than the minimum required by international Basel III bank capital and liquidity standards.

NEW YORK – The US shadow banking sector was some 25% smaller by the end of 2011 – at some $9.53 trillion -- than it had been at the end of 2004, and barely half the size it reached at its peak in 2008 before the worst of the financial crisis hit the markets and triggered the recession. This is the picture revealed by a shadow banking index compiled by the Deloitte Center for Financial Services, part of the professional services firm, in New York. Launched publicly at the end of May, the index tracks the size of the sector alongside the traditional banking sector.

BASEL, Switzerland – Getting banks to align pay and bonus policies to the performance of their staff is one of the most critical challenges facing regulators seeking to ensure better compensation practices in the financial sector, according to global regulators.

BEIJING - China is postponing bringing in the tougher Basel III capital and liquidity requirements for its banks by a year until January 2013 to avoid squeezing credit conditions and putting a further drag on already slackening economic growth.

WASHINGTON - The clearing house for the world’s largest derivatives exchange and the world’s biggest clearer of credit-default swaps have been designated as systemically important by US authorities, while the world’s biggest clearer of interest rate swaps was left off the list.

WASHINGTON – America must speed up the designation of all systemically important non-bank financial institutions and rules for capital requirements and resolution planning if it is to avoid a repeat of the 2008 financial crisis, according to a new private sector ginger group headed by former top US banking regulator Sheila Bair.