Latest articles from Simon Turmaine

Newsletter April 2011: Regulators fear countries will miss OTC reform deadline

BASEL, Switzerland – Global regulators fear many countries may not meet the end-2012 deadline set for regulating over-the-counter (OTC), or private, trading in derivative contracts that supervisors believe represent a potential threat to financial stability.

Newsletter April 2011: Banking system vulnerable still; more reform needed

WASHINGTON – Incomplete policy actions and inadequate reforms of the banking sector have left segments of the global banking system vulnerable to further shocks, according to the International Monetary Fund (IMF), the multinational economic policy watchdog. Many institutions – particularly weaker European banks – are caught in a maelstrom of interlinked pressures that are intensifying risks for the system as a whole, it says in its latest Global Financial Stability Report (GFSR).

Newsletter April 2011: Heat on regulators as the Solvency II pressures rise

The EU insurance industry vents its ire as timetable problems strike again. Monitoring group meets to review concerns By David Keefe

Newsletter April 2011: Insurance isn’t banking

In this opinion feature, Swiss Re chief Stefan Lippe (pictured below) argues that classifying insurers and reinsurers, as systemically risky could have damaging economic consequences

Newsletter April 2011: More work needed on SIFI designation

Global insurance regulators expect shortly to provide an update on their work on developing ways of assessing the systemic relevance of insurers and on the timelines involved, the world’s insurance industry was told in early April.

Newsletter April 2011: Division over merits of loan loss accounting

The joint proposal on loan impairment was hailed as a breakthrough, but different stances are evident on technical details

Email News Service April 2011: G20 adopts two-stage approach to shadow-banking study

BASEL, Switzerland, April 12 – Group of Twenty (G20) supervisors exploring the possibility of regulating so-called shadow banking said today that a definition should cover all non-bank credit activities from which risks might arise.

Email News Service April 2011: UK’s final banking report to be stronger, more solid

LONDON, April II (Global Risk Regulator) – The final independent report on Britain’s banking system will be stronger than the interim one issued today because comment and argument will make it more concrete and solid, according to a member of the commission that published today’s document.

Email News Service April 2011: G20’s Stability Board yet to agree on SIFI numbers

ROME, April 5 (Global Risk Regulator) - Global regulators have yet to agree how many of the world’s top banks could face extra capital requirements because of their size despite a looming November deadline.

Email News Service March 2011: G20 differences exposed at China forum

NANJING, China, March 31 (Global Risk Regulator) - China pushed back today against pressure from Paris and Washington for swift reform of a global monetary system that French President Nicolas Sarkozy said is so unstable it could tip the world economy back into crisis.