Ranks are closing against a threat of ill-considered regulation. But some still want reform in US system of state regulation

Large, international insurance groups are likely to find alternative ways to optimise their capitalisation if the controversial group support concept is eliminated from Europe’s Solvency II regime, according to A M Best, the rating agency that specialises in assessing insurer creditworthiness.

WASHINGTON, February 10 (Global Risk Regulator) – US president Barack Obama is committed to moving quickly to reform America’s entire system of financial regulation “so that we never again face a crisis of this severity,” US Treasury secretary Timothy Geithner said today.

DAVOS, Switzerland, January 29 (Global Risk Regulator) – With banking regulation the hot topic at this year’s Davos gathering, Europe’s top financial regulator, Charlie McCreevy, said the credit crisis has shown there is a need for pan-European Union oversight of large banks that operate across borders

A summary of some recent global regulatory news follows:

No significant changes have been seen in supervision practices relating to reinsurers as a consequence of the global financial crisis, reflecting the industry’s robustness, according an influential annual report on the reinsurance market.

Anxious bankers are wading through a package of consultation papers that sets out significant revisions to the regulatory framework

A public consultation is launched into the EU hedge fund industry. Legislation looks set to follow as pressure mounts for regulation By Melvyn Westlake

Research highlights broad drop in banks’ Basel II risk-weighted assets. Market risk under-represented for regulatory capital

Tough new report from the influential Group of 30 sets out controversial agenda for financial system reform