Latest articles from Simon Turmaine

Email News Service June 2012: G20 agree strengthened role for Financial Stability Board

Los Cabos, Mexico, June 20 (Global Risk Regulator) – World leaders agreed plans at their summit this week to strengthen the role of their financial reform task force, the Financial Stability Board (FSB), as reports showed some backsliding in national implementation of key banking and derivatives reforms.

Email News Service June 2012: G20 summit to contend with regulatory issues as well as eurozone crisis

LONDON, June 18 (Global Risk Regulator) – World leaders meeting for their two-day summit starting today in Los Cabos, Mexico, will be reviewing problems with the implementation of the Basel III banking reforms at a gathering that, once again, will be dominated by the eurozone crisis.

Email News Service June 2012: EU may see new bank supervision proposals by autumn; US regulators say Basel III not tough enough

LONDON, June 13 (Global Risk Regulator) – New proposals for more integrated European bank supervision and region-wide bank deposit guarantees may be launched by the autumn it was confirmed today as some US regulators worried that the international Basel III bank safety rules won’t be tough enough.

Email News Service June 2012: Basel III bank rules could be weaker in US, EU and Japan

BASEL, Switzerland, June 11 (Global Risk Regulator) – Implementation of the post-crisis Basel III bank safety rules could be weaker in the United States, the European Union and Japan than the globally-agreed standards in some key areas, according to global banking regulators.

Email News Service June 2012: Regulators want to launch buyer/seller tagging next year

BASEL, Switzerland, June 8 (Global Risk Regulator) – Global regulators want to launch a world-wide Legal Entity Identifier (LEI) system, which will tag the buyers and sellers in financial trades, by March 2013.

Email News Service June 2012: EU bank plans seen as major priority for regulators

LONDON, June 7 (Global Risk Regulator) – European proposals aimed at limiting the damage caused by a bank failure, with the use of the bail-in of creditors as a credible way of protecting taxpayers, are clearly a major priority for regulators, according to regulatory specialists.

Email News service June 2012: US seen likely to delay firm decision on IFRS accounting

LONDON, June 1 (Global Risk Regulator) – America is likely to put off making a decision in this presidential election year on whether to permit US firms to use international accounting rules, especially as the question raises sovereignty issues, according to accounting experts.

Email News Service May 2012: Insurance regulators aim at the non-traditional in system risk

BASEL, Switzerland, May 31 (Global Risk Regulator) – Global regulators want higher weightings to be given to the “non-traditional” activities of insurers in a planned scoring system designed to determine whether an insurance company represents a systemic risk.

Email News Service May 2012: G20 derivatives clearing proposals expected soon, insurer SIFI list next year

HONG KONG, May 30 (Global Risk Regulator) - Global regulators will issue proposals in coming weeks on rules to encourage banks to put derivative trades through a central clearing house, but they won't be ready for the G20 summit in June. The regulators also confirmed they plan to issue a list of insurers that are of systemic importance to the global financial system next year.

Newsletter May 2012: Lawmakers vs. states – clash over Europe’s bank rules

Ministers and lawmakers separately agree their positions for adopting new EU bank regulations. Reconciling differences will be the hard part By Melvyn Westlake