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Email news Service September 2006 : State regulators demand say in US Basel II plans

WASHINGTON, September 13 (Global Risk Regulator) – America’s state banking supervisors want a say in the development of bank safety regimes like the controversial Basel II capital adequacy rules, state supervisors will tell US lawmakers tomorrow.

Email news Service September 2006 : US bankers welcome Basel II option move

WASHINGTON, September 5 (Global Risk Regulator) – US banking industry representatives today welcomed the decision by US federal regulators to seek comment on whether to allow US banks a wider choice of options under the controversial Basel II bank safety rules.

Email news Service September 2006 : US seeks comment on Basel II other options

WASHINGTON, September 5 (Global Risk Regulator) – US banking regulators are seeking comment on whether US banks adopting the controversial Basel II bank safety rules should be allowed the option of using simpler approaches to measuring their credit and operational risks.

Email news Service October 2006 : EU’s MiFID helps push UK Conduct of Business reform

LONDON, October 31 (Global Risk Regulator) – UK regulators, driven by Europe’s Markets in Financial Instruments Directive, or MiFID, today proposed a radical simplification of the rules that firms must follow when carrying out investment business with customers.

Email news Service October 2006 : Bernanke says US reviewing benefits of US differences on Basel II

WASHINGTON, October 16 (Global Risk Regulator) – Before issuing their final rule on the Basel II bank safety rules, US regulators intend looking at whether the benefit of rules specific to the US interpretation of Basel II outweigh the costs, Federal Reserve Board chairman Ben Bernanke said today.

Email news Service October 2006 : UK does not favour international leverage ratio idea

LONDON, October 11 (Global Risk Regulator) – The UK is not in favour of the proposal for an international leverage ratio for bank capital which was put forward recently by a top US banking supervisor, UK regulatory sources say.

Email news Service October 2006 : Nearly 100 non-Basel Committee countries plan Basel II adoption

BASEL, Switzerland, October 26 (Global Risk Regulator) – Ninety-five countries, in addition to the 13 member states of the Basel Committee of global banking regulators, have indicated they plan to implement the complex Basel II rules for improving bank safety and soundness, according to the latest survey of implementation plans around the world.

Email news Service November 2006 : FDIC’s Bair says US sympathetic to Basel II comment extension

WASHINGTON, November 2 (Global Risk Regulator) – Federal Deposit Insurance Corporation chairman Sheila Bair today said that she’s \"sympathetic\" to recent requests from the banking industry for more time to review the latest US plans for implementing the complex Basel II bank safety rules, Dow Jones Newswires reports.

Email news Service November 2006 : Don’t panic over Solvency II test results, says EU’s McCreevy

Brussels, November 24 (Global Risk Regulator) – Europe’s top financial sector regulator has told insurers not to panic over the forthcoming results of a test of the complex Solvency II project for improving the safety of insurance firms.

Newsletter Nov 2006: Draft law by mid-2007

The Commission aims to produce a draft framework directive, or law, on Solvency II by the middle of 2007. Europe’s top financial regulator, internal markets commissioner Charlie McCreevy, confirmed in October that he wants the new regime to be in force by the end of the decade. The framework directive will lay down general principles, leaving the Commission to develop the technical details under the so-called Lamfalussy system for streamlining the development of EU financial regulation.