BASEL/LONDON – Large international banks, taken together, moved significantly closer to meeting the risk-based capital requirements of the Basel III prudential framework during the second half of last year as shortfalls continued to shrink.

NEW YORK – The world’s key accounting standard setters should resolve their split over accounting for bad loans at banks by selecting one model for recognition and measurement, according to one accounting expert. Matt Waldron, director of financial reporting at CFA Institute, the global investment professionals body, says multiple attempts have shown that no single model will satisfy regulator, investor and preparer interests.

BASEL, Switzerland – Chinese bank capital regulations are closely aligned with the international Basel III capital adequacy standards, but in two areas compliance falls short of the required standard, global regulators said in September.

BASEL – Insurance regulators plan to develop a global insurance capital standard by 2016 with full implementation beginning in 2019, the International Association of Insurance Supervisors (IAIS) said as GRR went to press.

BASEL – Emerging market economies need the help of the international community to expand their capacity to respond to the spate of post-crisis global regulatory initiatives, according to the Financial Stability Board (FSB).

NEW HAVEN, Connecticut – Policymakers and regulators need to concentrate post-crisis efforts to reshape the regulation and supervision of large financial firms so as to realise the macroprudential aim of reducing systemic risk, according to top US central banker Daniel Tarullo.

Naming Prudential as a SIFI is opposed by many in its industry. But regulators say sheer size can have a destabilising effect A top US regulator complained again at his apparent exclusion from a key international forum as he voted against naming America’s second largest life insurer as a systemic risk and therefore in the “too-big-to-fail” category of financial firms that will be subject to additional oversight and rules.

Hostile response to US proposal. Many worried about over-wide definition of insurance. FASB hopes for global solution

Latest delay to the EU's new regulatory regime for insurance is formally recognised at last. New guidelines are finalised

BASEL, Switzerland, September 25 (Global Risk Regulator) – Bank capital and liquidity reserves continued to improve last year as banks prepared to meet the tougher, post-crisis Basel III rules set by global banking regulators.