Latest articles from Simon Turmaine

Email News Service November 2013: BofE governor-to-be Carney to remain G20 financial stability chief

LONDON, November 26 (Global Risk Regulator) – Canada’s Mark Carney, who in a surprise announcement today was named as the next governor of the Bank of England, will remain chairman of the Financial Stability Board (FSB), the body charged with implementing the global financial reforms agreed by world leaders.

Newsletter November 2012: Strong Basel III pushback as US opponents mobilise

Community banks want exemption from proposed rules. Support from some lawmakers and state regulators. “Adjustments” look likely

Newsletter November 2012: EU haggles over banking union as time runs out

Intensive negotiations are underway to create a single supervisor mechanism for eurozone banks. Many vexed issues stand in its path By Melvyn Westlake

Newsletter November 2012: Regulation of money funds set to tighten outside US

While Washington agencies seek way to revive money fund reforms, global regulators and EU lawmakers push ahead

Newsletter November 2012: US regulatory round-up

A selection of news items generated by the American regulatory reform agenda

Newsletter November 2012: Big guns take on Basel III complexity critics

International regulators launch counterattack on back-to-basics brigade; task force study likely to come to same conclusions By David Keefe

Newsletter November 2012: Missed OTC goal conceded; G20 plans shadow bank reg

MEXICO CITY – Global regulators conceded in November that they would miss a deadline for new rules aimed at limiting risk and boosting transparency in the $650 trillion over-the-counter (OTC) derivatives market.

Newsletter November 2012: Bank surcharge disclosed plus op risk review

BASEL – International regulators have set out their latest plans for implementing the policy framework dealing with systemically important financial institutions (SIFIs), issuing a raft of new papers ahead of the early-November meeting of Group of 20 finance ministers in Mexico City. New moves include a revised list of global systemically important banks (G-SIBs), and the capital surcharges that may be imposed on them from 2016; and a review of the adequacy of current operational risk capital requirements.

Newsletter November 2012: FSB seeks comment on its bank resolution guidance

BASEL – An operational strategy for dealing with global banks that fail took another step forward in early November when the Financial Stability Board (FSB) launched a public consultation on its recovery-and-resolution planning guidance for systemically important financial institutions (SIFIs).

Newsletter November 2012: Final framework to reduce risk posed by D-SIBs

BASEL – Twelve principles for dealing with domestic systemically important banks (D-SIBs) have been finalised by the Basel Committee. Issued in mid-October, they follow closely the proposals published for public comment in June, giving national authorities a high degree of discretion over which banks are designated as D-SIBs and the extent of any capital surcharge imposed on them.