LONDON – Financial statements prepared under international accounting rules are not necessarily any easier to compare than those produced under different local rules, according to a report by a leading credit rating agency.

BEIJING – China’s banking regulators released in October the first set of rules for the implementing “in due time” the international Basel II capital adequacy rules for the country’s banks.

BUDAPEST - America’s state insurance regulators have adopted several papers on international standards for insurers in a move seen as a first step in creating a broad framework for insurance supervision, Virginia state insurance commissioner Al Gross said in October.

A global advisory group is being created to ensure accounting issues are addressed in an international, co-ordinated way

Litigation fears and conceptual misunderstandings cloud the debate over mark-to-market, say defenders of the rule

More guidance with examples are needed from accounting rule-makers to combat widespread misconceptions about “marking to model” when markets are inactive, according to Cindy Ma, a managing director with investment bank Houlihan Lokey.

Europe’s plans for a new insurance regime have run aground on smaller countries’ fears about cross-border supervision

Critics of new risk-based capital standard want it suspended while lessons are learned. Federal regulators are disinclined By David Keefe

A fine idea, but will America’s alternative to Basel II be too costly? Doubts over how many small banks will adopt it

BRUSSELS, November 4 (Global Risk Regulator) — European Union finance ministers told France today that it was going too fast, too soon with plans to push for concrete global financial reforms at a Washington summit next week, Associated Press reports.