KUALA LUMPUR – New Islamic law-compliant instruments to help Islamic financial firms manage liquidity risk are scheduled to be rolled out later this year, Malaysia’s central bank chief confirmed in February. Bank Negara Malaysia governor Zeti Akhtar Aziz said the short-term multi-currency liquidity instruments to be issued by the new International Islamic Liquidity Management Corporation (IILM), are intended to aid cross-border liquidity management between financial centres and “enhance the financial interlinkages”.

HAMILTON, Bermuda – Bermuda, the world’s largest offshore insurance centre, seems to have created a roadmap that’s a guide for countries seeking to get their insurance regulations recognised as equivalent to Europe’s Solvency II regime without “killing” individual insurers, according to David Thompson of Pricewaterhouse Coopers (PwC).

STOCKHOLM - Sweden's finance minister warned the country's banks in March to prepare for even tougher capital rules, drawing a furious response from lenders who said such a move would put them at a serious disadvantage.

MADRID – New and more demanding international standards for payment, clearing and settlement systems were proposed in March by global financial regulators.

MUMBAI – Significant challenges confront Indian banks as local accounting rules converge with International Financial Reporting Standards (IFRS), the international accounting rules accepted in more than 100 countries, a top central banker said in March.

Standard setters' joint approach on loan loss is awkwardly timed for banks, but delay may upset convergence timetable By David Keefe

America’s decision this year on whether to allow US companies to use international accounting rules will be felt well beyond the borders of the United States, the world’s top global accounting standard-setter said in March.

Predictably, getting G20 deal on commodity market regulation is proving difficult. More transparency is a better bet.

Efforts to tackle destabilising capital flows await firm action as policymakers debate macroprudential supervision

Transition rules may help with recognising American Solvency II equivalence, but uncertainty over EU regime remains