Latest articles from Simon Turmaine

Newsletter May 2010: New guidelines issued for OTC derivative clearing

BASEL/MADRID – In a move aimed at strengthening the still nascent infrastructure that supports the vast over-the-counter (OTC) derivatives market, regulators have issued new safety guidelines for operating the centralised counterparties that clear these deals and the trade repositories that collect data on them.

Newsletter May 2010: Own-credit accounting rule to end

LONDON – The body setting international accounting rules moved in May to end one of accounting’s great anomalies – how a troubled bank’s earnings can improve as the value of its debt declines.

Newsletter May 2010: UK coalition reprieves FSA

LONDON – Britain’s financial services watchdog, the Financial Services Authority (FSA), seems to have got a reprieve, albeit with reduced powers, following the installation of the country’s first coalition government for nearly seventy years.

Newsletter May 2010: Non-EU recognition poses problems for Solvency II

Equivalent doesn’t mean identical, but Europe needs transitional arrangements for recognising third-country insurance regimes

Newsletter May 2010: Global regulators fear accounting split

Major G20 aim of single set of accounting rules remains under threat from diverging views of standard-setting bodies By David Keefe

Newsletter May 2010: Regulators to stand their ground over Basel III

Key July Basel Committee meeting will decide revisions to reform package, and calibration. Bankers may be disappointed over outcome By Melvyn Westlake

Email News Service May 2010: EU’s key Solvency II test moving in right direction, but still not perfect

BRUSSELS, May 4 (Global Risk Regulator) – Easier capital requirements now proposed for a crucial industry-wide test of Europe’s radical Solvency II insurance regime are definitely moving in the right direction, but they’re not a perfect solution, according to a leading insurance industry representative.

Email News Service April 2010: IMF seeking to maintain G20 unity over reform

LONDON, April 23 (Global Risk Regulator) - The International Monetary Fund is seeking to maintain unity within the Group of 20 economic powers, urging countries not to go separate ways in reforming the financial sector, as frictions emerged over a controversial plan to tax banks, Reuters reports from Washington.

Email News Service April 2010:GRR news summary: Obama regulation gets boost from Goldman case; IMF to recommend bank levies; EU ministers fail to a...

LONDON, April 20 (Global Risk Regulator) – A summary of recent international regulatory news follows:

Newsletter April 2010: G20 backing likely for bank wind-up plan this year

Resolution framework for failing cross-border banks is priority for policymakers. But many hurdles. Regulatory coordination most likely By Melvyn Westlake