BASEL – International regulators are “strengthening, reinforcing and refocusing” the core principles intended to govern the way banks around the world are supervised. Revised Core Principles for Effective Banking Supervision were issued by the Basel Committee, following their endorsement by bank supervisors and central bankers from more than 100 countries at a conference in Istanbul in mid-September.

WASHINGTON – The continuing banking and sovereign debt crisis in some countries and regions is delaying a reboot of the financial system on to a safer path, according to the International Monetary Fund (IMF). It says in its latest Global Financial Stability Report (GFSR) that “the data suggest that financial systems are still overly complex, banking assets are concentrated, with strong domestic interbank linkages, and the too-important-to-fail issues are unresolved.” Innovative products, it adds, “are already being developed to circumvent some new regulations. These same traits have been linked to the crisis, suggesting financial systems remain vulnerable.”

Regulators study whether framework can be made less complex, but simpler alternatives carry their own dangers

Bank supervisors exasperated as standard-setters go separate ways on bad loan issue. Calls to remove uncertainty

Regulators say G20 efforts may have zero result as stake-holders argue over the definition of traditional insurance

The European Central Bank will become a ‘mega supervisor’ under new EU plan. Lawmakers, many governments are demanding changes By Melvyn Westlake

Liikanen report urges ring-fencing of risky activities, but EU must fit in with rival national schemes and contend with banker opposition By David Keefe

Independent scrutiny of EU, US and Japanese compliance reveals shortcomings. European Commission disputes findings By Melvyn Westlake

LONDON, October 2 (Global Risk Regulator) – Regulators face a huge task in determining exactly how Europe’s banks can ring-fence their traditional deposit-taking business from higher risk activities as urged today by an expert group.

BASEL, Switzerland, September 20 - The world's top banks would have needed to find €374.1 billion ($485 billion) extra capital if tougher rules had been in place at the end of last year, global banking regulators said today.