Latest articles from Simon Turmaine

Email News Service July 2010: Basel reforms on track, countercyclical capital buffer proposed

BASEL, Switzerland, July 16 – Reforms aimed at toughening bank capital and liquidity requirements are fully on track for delivery to world leaders at their November summit in Seoul, global banking regulators said today. Their statement came after a critical two-day meeting spent reviewing reform plans that bankers fear could damage global economic growth.

Email News Service June 2010: Accounting rift and other splits seen at G20

LONDON, June 28 (Global Risk Regulator) – The accounting rift that some see as placing a question mark over all the efforts to reform the global financial system remained unresolved at the weekend’s Group of Twenty summit amid further signs that the G20 momentum for reform is splintering on several fronts.

Email News Service June 2010: Regulators shelving liquidity ratio, FT says

LONDON, June 25 (Global Risk Regulator) – Global banking regulators are likely to shelve the idea of forcing banks to maintain a tough new, long-term liquidity ratio following intense lobbying by the banking industry, according to today’s UK Financial Times newspaper.

Email News Service June 2010: No agreement to remove any Basel III proposals, says spokesman

BASEL, Switzerland, June 25 (Global Risk Regulator) – Global banking regulators have not discussed, nor agreed to, the elimination of any part of their proposals to strengthen bank capital and liquidity requirements, a spokesman for the Basel Committee of top banking supervisors said in a statement today.

Newsletter June 2010: Regulators, bankers clash over reform impact costs

Proposed reforms will dent growth by 3%, claims industry body.Wide concern over new liquidity standards may lead to revisions By Melvyn Westlake

Newsletter June 2010: Obama turns up the heat ahead of G20 summit

President wants an agreement on US reforms to give him a strong hand when he meets world leaders at the end of June. By Nick Paraskeva

Newsletter June 2010: Brussels pushes bank levy plan to pay for wind-ups

Network of EU bank resolution funds proposed. But industry calls for high-level G20 task force to create global framework By Melvyn Westlake

Newsletter June 2010: The price of reform – according to IIF

The interim results of the IIF

Newsletter June 2010: Accounting crisis could break G20 reform deal

World leaders must make accounting problems a priority or global financial reforms will fail. Top banker voices concern By David Keefe

Newsletter June 2010: Loan accounting scheme is too complicated

Plans for reforming the way loan losses are accounted for are too convoluted and costly. And they contribute to accounting split