Key standard-setters agree on bad loan and offsetting rules, but G20 hopes for global accounting target remain elusive Achieving the convergence this year of US and international accounting rules that’s so desired by world leaders looks as difficult as ever, despite a breakthrough on the thorny problem of getting banks to disclose loan losses sooner.

Global liquidity standard to go ahead in 2015. But some technical issues to be resolved. Banks still pushing for changes in EU regime By Melvyn Westlake

A package of new bank rules unveiled in the US aims to boost capital adequacy and liquidity, and reduce inter-connectedness

In this hundredth edition of the GRR newsletter, David Keefe looks back at nine years which saw an arcane subject become front-page news, and conventional wisdom deposed

‘Maximum harmonisation’ approach to Basel III adoption has divided member states. But Denmark is pushing ambitious plan By Melvyn Westlake

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

MUMBAI – Implementation of Basel III by banks in India will be more stringent than in most developed economies, both in the level of capital that will be required and in the speed of transition to the new regime. But critics are worried that this will slow the country’s growth.

BEIJING – China's banking watchdog has decided to postpone implementation of the internationally-agreed Basel III capital and liquidity rules for banks according to local newspaper reports. The news comes amid increasing concerns about the country’s slowing economy.

MANILA – Universal and commercial banks in the Philippines have been told they must adopt the Basel III capital adequacy standards within two years. The announcement was made in early January by the country’s central bank, Bangko Sentral ng Pilipinas (BSP). It said: “The Monetary Board decided to adopt the capital adequacy standards in full by January 2014 without recourse to a staggered implementation or a gradual phase-out of ineligible capital instruments. This recognises the present strong capital position of the banking industry while providing for a reasonable transition period.”

LONDON – The financial turmoil centred on Europe’s sovereign debt crisis must not slow down collective efforts towards achieving global accounting standards, according to the world’s top accounting-standards watchdog.