Latest articles from Simon Turmaine

Email News Service Mar 2008: EU’s McCreevy says group supervision key for Solvency II

BRUSSELS, March 6 (Global Risk Regulator) – Group supervision rules proposed for the Solvency II regime for Europe’s insurance industry are key aspects of the new framework and must be part of the final package, the European Union’s top financial services regulator said today.

Email News Service Feb 2008: Basel II remains high priority, says top banking supervisor

NEW YORK, February 28 (Global Risk Regulator) – Implementing the Basel II bank safety rules remains a high priority for global banking regulators in the wake of the current turmoil in financial markets, the world’s top banking regulator said yesterday.

Email News Service Feb 2008: Onus on private sector to tackle turmoil weaknesses, says BIS chief.

NEW YORK, February 26 (Global Risk Regulator) – Fundamentally it’s up to the private sector to redress the weaknesses that the present financial turmoil has laid bare and to increase the efficiency of banks’ “originate-and-distribute” business model, a top global banking regulator said today.

Newsletter Feb 2008: US-EU aiming for ‘mutual recognition’ deal this year

A potentially far-reaching agreement between top European and American regulators could transform transatlantic share trading By Oonagh Leighton

Newsletter Feb 2008: German supervision battles end in win for Bundesbank

Financial supervisory agency faces top-level reorganisation, as fresh agreement reached to reduce duplication and curb turf tussles By Melvyn Westlake and Klaus Engelen

Newsletter Feb 2008: The crisis and the shifting sands of global regulation

Both official and private sectors look for measures to avert crises. Spotlight on IMF and FSF. Early warning system proposed By Melvyn Westlake

Newsletter Feb 2008: Basel II remains key to market turmoil remedy

After all the talk, the new bank capital framework is still seen as the lynchpin of post-credit crunch financial regulation

Newsletter Feb 2008: Interview:William Ryback: Advisor to Korea\'s Financial Supervisory Service

Asia needs a voice within Basel counsels to help shape standards The Basel Committee\'s outreach is not working. Only one of the 13 member countries is Asian. However, both sides are at fault, says veteran regulator William Ryback By David Keefe

Newsletter Feb 2008: Capital ratios seen declining with new Basel rules

Capital adequacy ratios overall for the South Korean banking system are expected to decline by around 1.6% on average as a result of the implementation of the Basel II capital rules, according to credit rating agency Fitch Ratings in a January review.

Newsletter Feb 2008: Reforms unveiled to stop any more Northern Rocks

LONDON—Less than five months after the high-profile rescue in Britain of mortgage bank Northern Rock, the finance minister Alistair Darling has unveiled proposals aimed at strengthening the current framework for financial stability, protecting depositors, and preventing such a situation ever happening again.