Latest articles from Simon Turmaine

Newsletter Nov 2007: Big push to devise global bank liquidity standards

Basel Committee liquidity work accelerates, but many conceptual hurdles. Bankers’ institute launches market practices initiative By Melvyn Westlake

Email News Service October 2007: Big banks to match regulators with turmoil study

WASHINGTON, October 22 (Global Risk Regulator) – Leading international banks are launching “a major initiative” to refine best practices in the wake of the recent financial market turmoil that will balance efforts by financial regulators in the same direction, a top international banker said over the weekend.

Newsletter Oct 2007: IMF advisors call on supervisors to work together; G7 group urges prompt implementation of Basel II

WASHINGTON, October 22 (Global Risk Regulator) – Policy advisors with the International Monetary Fund called over the weekend for financial regulators and international institutions to learn lessons from recent financial market turbulence and strengthen the foundations for sustained global growth.

Email News Service October 2007: EU review of market crisis sets 2008 timetable

BRUSSELS, October 8 (Global Risk Regulator) - European Union finance ministers will tomorrow forge a roadmap stretching well into 2008 for reviewing whether changes are needed to avoid a repeat of the market turmoil seen over the summer, Reuters news agency reports today.

Email News Service October 2007: Worst over but setbacks still possible, says IMF’s Caruana

WASHINGTON, October 16 (Global Risk Regulator) – The worst of the recent financial market turbulence may have subsided but the adjustment period will take some time and setbacks are possible, a top International Monetary Fund official warned today.

Email News Service October 2007: Basel regulators cite ongoing efforts to tackle turbulence; EU ministers agree roadmap for greater transparency

BASEL, Switzerland, October 9 (Global Risk Regulator) – Global banking regulators, concluding their routine two-day quarterly meeting in Basel today, emphasised the efforts they are already making that will help tackle the types of issues and risks arising from the recent financial market turbulence.

Email News Service October 2007: US regulators understand Europe’s concerns over reinsurance proposals, says top US insurance supervisor

US regulators understand Europe’s concerns over reinsurance proposals, says top US insurance supervisor LONDON, October 18 (Global Risk Regulator) – State insurance regulators in the US certainly understand the concerns voiced by many of their colleagues in Europe about recent controversial proposals for reforming US reinsurance regulation, a top US insurance supervisor says.

Newsletter Oct 2007: EU regulators to work for more reporting convergence

LONDON – Europe’s banking regulators believe more work is needed by them in the medium term to achieve greater convergence in supervisory reporting, at least for cross-border active banking groups within the European Union.

Newsletter Oct 2007: UK hedge fund best practices could go global

LONDON – A UK initiative promoting improved voluntary disclosure by hedge funds could aid the global convergence of best practice standards for an industry that has been much criticised for its secretiveness and for activities that allegedly threaten financial stability.

Newsletter Oct 2007: EU countries diverge on unrealised gains

LONDON – Europe’s banking regulators are aiming at further convergence in the treatment of unrealised gains in terms of banks’ regulatory capital after identifying some diversity of practice in the EU.