Commission aims for ‘maximum harmonisation’ in implementation of new capital rules. Arouses strong opposition in many countries By Melvyn Westlake

BRUSSELS, June 1 (Global Risk Regulator) – Europe’s chief financial regulator will raise a range of issues in Washington talks this week with US counterparts, including the need for America to speed up and toughen its new banking rules.

BRUSSELS, May 27 (Global Risk Regulator) – Europe’s proposals for implementing global banking reforms “will respect the balance and level of ambition” in the Basel III package of tougher capital and liquidity rules, the European Union’s top financial regulator said today.

Some senior creditors could be included in bank resolution regime. But resistance to ‘living wills’ that force banks to axe complexity By Melvyn Westlake

The financial industry has responded angrily to proposals that stop third country ratings being used in the EU for regulatory purposes

Finance ministers approve compromise that bans some naked short-selling, but permits temporary lifting of the restrictions

Differences over financial instruments accounting could have knock-on effects on global standards convergence project By David Keefe

Some of the recent developments generated by the financial crisis and the American regulatory reform agenda

CHICAGO – The new US Financial Stability Oversight Council (FSOC), created to identify emerging systemic risks, will also help reduce burdensome and ineffective regulations faced by banks, a top regulator told a Chicago conference in early May. Federal Reserve chairman Ben Bernanke was setting out the powers and operational approach of the FSOC, established by the Dodd-Frank Wall Street Reform Act, passed last July, to undertake macroprudential oversight of the financial system.

BRUSSELS/WASHINGTON/TOKYO – Brazil and Argentina have been accused of breaching international insurance standards and ignoring Group of Twenty (G20) policies by introducing rules restricting the activities of reinsurers.