June\'s consultative paper offers clues to the large exposure regime for banks that might emerge from European Commission’s review By Melvyn Westlake

Both the Basel Committee and EU Commission are now looking at the quality of bank capital. Industry wants to see current principles clarified. But opposes an extensive, rules-based rewrite, says Simon Hills of the British Bankers\' Association*

Here you can find the July/August 2007 edition in Flash format

WASHINGTON, July 12 (Global Risk Regulator) – America’s central bank strongly supports the introduction of the Basel II bank safety rules, and sees the advanced approaches to assessing risk as a key reason for backing the regime, Federal Reserve Board of Governors member Randall S Kroszner said today.

BRUSSELS, July 4 (Global Risk Regulator) – Costs of revolutionising the way insurance is regulated in Europe, a process that’s being closely watched by regulators around the world, could at least treble if the planned Solvency II safety regime proves to be of the wrong type, according to an industry survey.

BERLIN, July 9 (Global Risk Regulator) – Top European official Karel van Hulle confirmed today that regulators intend to implement the complex, risk-focused Solvency II rules for making European Union insurers safer in 2012, or later than some earlier projections.

PARIS, June 25 – Top US banking supervisor Sheila Bair, seen by bankers as a leading proponent among US regulators of a conservative stance on the controversial Basel II bank safety rules, says she’s hopeful the US can produce a final rule by September at the latest.

LONDON, June 20 (Global Risk Regulator) – Commodity firms trading on their own account should not need licensing under the Market in Financial Instruments Directive, or MiFID, Europe’s ambitious and wide-ranging financial markets law that’s due to come into effect in November, according to a commodities industry working group.

PARIS, June 27 (Global Risk Regulator) – A bank safety regime based on a simple risk-weighted scheme has become less and less effective in assessing the best level of regulatory capital against new and complex risk exposures, the world’s most senior banking supervisor said today in reaction to remarks earlier this week by a top US regulator.

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