Latest articles from Simon Turmaine

EU large exposure rules may become ‘backstop’

June\'s consultative paper offers clues to the large exposure regime for banks that might emerge from European Commission’s review By Melvyn Westlake

Newsletter Jul/Aug 2007: Guest Column - Banking industry sets out its stall as focus shifts to eligible capital

Both the Basel Committee and EU Commission are now looking at the quality of bank capital. Industry wants to see current principles clarified. But opposes an extensive, rules-based rewrite, says Simon Hills of the British Bankers\' Association*

July-August 2007 in pdf format

Here you can find the July/August 2007 edition in Flash format

Email News Service July 2007: US Fed backs Basel II advanced approaches against FDIC doubts

WASHINGTON, July 12 (Global Risk Regulator) – America’s central bank strongly supports the introduction of the Basel II bank safety rules, and sees the advanced approaches to assessing risk as a key reason for backing the regime, Federal Reserve Board of Governors member Randall S Kroszner said today.

Email News Service July 2007: Solvency II costs could soar with wrong regime

BRUSSELS, July 4 (Global Risk Regulator) – Costs of revolutionising the way insurance is regulated in Europe, a process that’s being closely watched by regulators around the world, could at least treble if the planned Solvency II safety regime proves to be of the wrong type, according to an industry survey.

Email News Service July 2007: EU confirms 2012 date for Solvency II insurance rules

BERLIN, July 9 (Global Risk Regulator) – Top European official Karel van Hulle confirmed today that regulators intend to implement the complex, risk-focused Solvency II rules for making European Union insurers safer in 2012, or later than some earlier projections.

Email News Service June 2007: FDIC’s Bair hopes for final US Basel II rule by September

PARIS, June 25 – Top US banking supervisor Sheila Bair, seen by bankers as a leading proponent among US regulators of a conservative stance on the controversial Basel II bank safety rules, says she’s hopeful the US can produce a final rule by September at the latest.

Email News Service June 2007: Commodity firms call for MiFID exemption

LONDON, June 20 (Global Risk Regulator) – Commodity firms trading on their own account should not need licensing under the Market in Financial Instruments Directive, or MiFID, Europe’s ambitious and wide-ranging financial markets law that’s due to come into effect in November, according to a commodities industry working group.

Email News Service June 2007: Basel chief counters US regulator’s views on Basel II advanced approaches

PARIS, June 27 (Global Risk Regulator) – A bank safety regime based on a simple risk-weighted scheme has become less and less effective in assessing the best level of regulatory capital against new and complex risk exposures, the world’s most senior banking supervisor said today in reaction to remarks earlier this week by a top US regulator.

Global Risk Regulator has a new look and website!

Since 2003 when we started publishing, we\'ve had an open website which only displayed sample content and a partial archive.