Latest articles from Simon Turmaine

Newsletter October 2011: India breaks eerie silence over IFRS

India’s leading accounting body is suggesting the country adopts international accounting rules from April 2013, the previous deadline – April this year – having passed with no sign of implementation.

Newsletter October 2011: Solvency II start-date is ‘bifurcated’, not delayed

Regulators revise their implementation plans, but when is a delay not a delay? Britain decides on a later date

Newsletter October 2011: Potential row looms as US sees no systemic risk emerging from insurance sector; global regulators think there could be

America’s leading insurance regulator has warned federal regulators and legislators to consider the “scope and speed” of G20 work to identify systemically important insurers which could be out of synch with the US’s own efforts.

Newsletter October 2011: Product regulation seen falling between cracks

America’s financial product regulation could fall between cracks created by the Dodd-Frank financial reform legislation, Congressional researcher Baird Webel has suggested.

Email News Service October 2011: Canada wants its man to head surcharge-backing FSB

WHITBY, Ontario, October 4 (Global Risk Regulator) - Canada wants its central bank governor, Mark Carney, to become head of the Financial Stability Board (FSB), the country’s finance minister said yesterday.

Email News Service September 2011: G20 finance ministers back Basel III, regulators committed to surcharge deal

WASHINGTON, September 23 (Global Risk Regulator) – Meeting amid renewed fears of financial crisis, G20 finance ministers pledged yesterday to fully implement the tough bank capital and liquidity rules embodied in the Basel III reform package.

Email News Service September 2011: UBS case justifies tough capital rules, says Swiss central banker; rejects anti-American charge against Basel III

FRANKFURT am MAIN, Germany, September 20 (Global Risk Regulator) – The rogue trading scandal at Swiss bank UBS underlines the importance of the tougher global bank capital rules that Switzerland has made even more stringent, according to a top Swiss central banker.

Newsletter September 2011: Dodd-Frank stalls US move to Basel trading book rules

A requirement in American law ending all reliance on credit ratings in regulation threatens to derail international reform timetable By Melvyn Westlake

Newsletter September 2011: Interview: Top Basel regulator José María Roldán

Discrepancies in bank risk models under scrutiny Basel Committee launches project to discover why risk calculations vary widely across banks. Success of Basel III may depend on answer By Melvyn Westlake

Newsletter September 2011: New clash over Basel III impact on growth and jobs

Bankers say regulation will damage recovery; regulators say the figures are wrong and ignore the benefits of safer banking By David Keefe