SEOUL - South Korea Financial Supervisory Commission chairman Lee Jung-Jae, urged local banks in May to prepare for the implementation of the Basel II upgrade of international capital rules for banking safety, the Korea Times newspaper reported.

Joe Sabatini, new chairman of the Operational Riskdata eXchange (ORX) executive committee, says his priorities include a drive for new members and further leveraging ORX\'s expertise and data with regulators and other industry groups.

LONDON - Global accounting rule makers responded to banking regulator concerns in late April by proposing a limit on the use of the so-called fair value option in the new international accounting standards (IAS).

LONDON - Regulatory reporting software provider FRS said in April its FRS FinancialAnalytics product has been licensed to UK banking group HBOS.

LONDON - UK regulators took another step in late April to improve risk management at the Lloyd\'s of London insurance market and ensure the market is properly capitalised for the risks it faces.

The Basel II bank capital accord is unlikely to cause a marked cut in the supply of loans to emerging market borrowers, even low credit quality borrowers, because banks\' loan pricing already reflects the borrower\'s creditworthiness, the Bank of England said in December.

NEW YORK - Regulatory reporting software specialist FRS and financial IT provider i-flex solutions are jointly offering a service for the delivery of regulatory data between financial firms and central banks.

Basel regulators have elaborated their formula for resolving the Basel II op risk group allocation problem. Is it enough?

BOSTON, Massachusetts - Banks will need to find technology vendors that can truly act as partners, given the growing number of IT products and ever-changing regulations, research firm Celent Communications said in an April report on IT spending trends in Europe.

Disclosed, for the first time, the individual members of the powerful committee that oversees international banking