Latest articles from Staff

Email news Service June 2006 : Washington regulators unite to win backing for Basel II

LONDON, June 12 (Global Risk Regulator) -- Top Washington bank regulators have begun pitching hard to win public support for the adoption of the new Basel capital adequacy rules in the US. John Dugan, the new head of the Office of the Comptroller of the Currency (OCC), an agency that has often been critical of the internationally-negotiated new rules to bolster bank safety (Basel II), gave strong backing to US implementation at a dinner for bankers in London on Wednesday evening.

Newsletter Feb 2006: EU regulators aim to speed up on conglomerates law

BRUSSELS – Dutch central banker Arnold Schilder is expected to head a new committee being created to help speed up implementation of the European Union’s financial conglomerates directive (FCD). EU regulatory sources say the ECD aims to ensure big financial services firms are properly capitalised.

Newsletter Feb 2006: Senate plans credit agency hearings for March

WASHINGTON – US lawmakers plan early March hearings as part of their plans to draft legislation to tackle potential conflict of interest and competition issues among credit rating agencies, says a spokesman for the Senate’s powerful banking committee.

Newsletter Feb 2006: Regulators plan currency risk survey

BASEL, Switzerland – International regulators plan to carry out a survey in the second quarter of this year of how banks and other selected institutions manage the risks they can incur when settling foreign exchange trades.

Newsletter Feb 2006: Solvency II challenged by time pressures

FRANKFURT-AM-MAIN, Germany – European insurance supervisors remain under pressure from a challenging timetable in their efforts to help develop the Solvency II project for improving the safety and soundness of Europe’s insurance industry.

Newsletter Feb 2006: Verdict: no threat today, but needs watching

An influential thinktank says reinsurers are not the cause of any financial instability. Risk-based supervision still required.

Newsletter Feb 2006: Risk-based rules could cut finite reinsurance tricks

Improved accounting and solvency regimes for reinsurers and insurers would help to reduce wrongful use of so-called finite reinsurance, where limited risks are transferred from an insurer to a reinsurer.

Newsletter Feb 2006: Insurers give thumbs-up to new capital rules

European insurers are backing the Solvency II idea, but they’re worried about home-host issues and time pressures.

Newsletter Mar 2006: Banks to win more changes in model approval process

Strong bank objections are forcing CEBS to make further revisions to the way advanced risk models are validated in the EU. By Melvyn Westlake

Newsletter Mar 2006: Key American governance law under multiple assault

Sarbanes-Oxley Act could be fatally damaged by lawsuit. Panel proposes exempting small companies from Act’s harsher rigours. By Melvyn Westlake