Latest articles from Simon Turmaine

Newsletter April 2012: Accelerated Basel III implementation urged

LONDON – Implementation of Basel III should be accelerated, a top macro-prudential regulator at the Bank of England suggested in late March. The comment came during a speech to an Ediburgh audience by Michael Cohrs, a member of the Bank’s Financial Policy Committee (FPC), a key part of the new regulatory structure being created in Britain in the wake of the financial crisis.

Newsletter April 2012: Improved financial sector auditing sought by G20

BASEL - Improving the information that external audits provide to financial sector regulators, including information on systemically important financial institutions (SIFIs), is a key aim of the Group of Twenty (G20) biggest economies as they reform the post-crisis global financial system.

Newsletter April 2012: Regulators behind on stress test principles

BASEL – Global banking regulators believe there’s clearly room for further improvement in the supervision of stress testing by banks

Newsletter April 2012: US lags on Basel III implementation

BASEL – The US is among the nations lagging behind in their implementation of the tougher Basel III bank capital and liquidity rules devised by global banking supervisors in the wake of the financial crisis.

Newsletter April 2012: Australia allows flexibility on capital rule

SYDNEY, Australia - Australia’s regulators are to allow some limited flexibility to banks in meeting the new Basel III bank capital and liquidity rules after banks argued the rules were tougher than elsewhere.

Newsletter April 2012: New clash over Europe’s hedge fund regulation

LONDON/BRUSSELS – The long-running and sometimes bitter clash over the European Commission’s efforts to regulate hedge funds, private equity funds and other alternative investment vehicles suddenly erupted again in early April. This fresh flare-up began when the London-based Alternative Investment Management Association (AIMA), a global hedge fund trade association, accused European Commissioner Michel Barnier of proposing to implement regulation that diverged from the advice given by the EU’s own technical advisory body.

Newsletter April 2012: Upping the overseers' game on corporate governance

Supervisors must understand how financial firms are managed and controlled – or not – by their directors and shareholders

Newsletter April 2012: Worm turns on banker pay

Signs of the turning of the bank shareholder worm came in April as Europe’s lawmakers sought to tighten further the pay and reward provisions of the Basel III bank rules as they apply in the European Union.

Newsletter April 2012: Insurers in last-ditch bid to avoid ‘systemic’ label

Final arguments are put as fears persist that US is out of step with the G20 in approach to identifying systemically risky firms

Newsletter April 2012: Pension fears remain as lawmaker hurdle cleared

Industry says long-term savings will be hurt by Solvency II regime and recovery harmed by penal securitisation rule