Latest articles from Simon Turmaine

Newsletter November 2010: Transitional Solvency II deals for third countries

With the clock ticking on adoption of EU’s insurance regime, temporary measures are likely on non-EU equivalence issue

Newsletter November 2010: Supervisors under fire – must get tougher with big banks

A sea change in supervision is presaged in new policy proposals. Slammed for past leniency, supervisors must become more effective By David Keefe

Newsletter November 2010: Banks can meet Basel 3 rules just from earnings, says IMF

Investment and universal banks will be most affected by proposed rules. Supervisors must be alert to new sources of systemic risk By Melvyn Westlake

Email News Service November 2010: G20 not decided on which banks too big to fail, say sources

SEOUL, November 10 (Global Risk Regulator) ) - Global regulators have yet to draw up lists of banks judged “too big to fail”, according to people close to the Group of Twenty’s taskforce on financial regulation, Reuters news agency reported today from Seoul as G20 leaders gathered in the South Korean capital for their two-day summit which begins tomorrow.

Email News Service November 2010: Too-big-to-fail bank plans may be softened

THE HAGUE/LONDON, November 10 (Global Risk Regulator) - Plans to impose extra safeguards on the world's top banks may be softened, a senior regulator signalled on Wednesday as world leaders gathered in Seoul to keep their regulatory reforms on track, Reuters news agency reported today from The Hague and London.

Email News Service October 2010: EU leaders back Basel III for G20 summit

BRUSSELS, October 29 (Global Risk Regulator) – Europe’s leaders said today they looked forward to endorsement of the tough Basel III bank capital and liquidity rules at the Group of Twenty summit in Seoul next month.

Email News Service October 2010: Regulations queue for G20 summit approval

LONDON, October 25 (Global Risk Regulator) – Finance ministers and central bankers from the Group of 20 economies signed off at their weekend meeting in Gyeongju, South Korea on a series of regulatory measures that are expected to be approved by the G20 leaders at their November 11-12 summit in Seoul. The following are the key reforms that can be expected, according to Reuters news agency:

Email News service October 2010: G20 meeting confirms mid-2011 for too-big-to-fail judgments

GYEONGJU, South Korea, October 24 (Global Risk Regulator) – Global financial regulators confirmed at the weekend that they will not finalise which banks are to be judged “too big to fail” until the middle of next year, according to news agencies reporting from the Group of Twenty finance ministers’ and central bankers meeting in Gyeongju, South Korea.

Email News Service October 2010: Basel to finalise systemic rules by mid-2011; agrees liquidity standards

SEOUL, October 19 (Global Risk Regulator) – Central bankers and regulators will finalise concrete rules on systemically important financial institutions by mid-2011, according to the world’s top banking regulator as reported today from Seoul by news agencies covering a meeting of the 27-nation Basel Committee of global banking regulators.

Email News Service October 2010: Barclays chief says Basel III shouldn’t hurt credit supply as bankers head for new clash

LONDON, October 18 (Global Risk Regulator) – As bankers look set for another clash with regulators over plans to impose a capital surcharge on banks deemed systemically important, a top international banker has “broken ranks” with the rest of the global banking industry by saying that the availability of credit should be unaffected by tough new capital rules for banks.