Latest articles from Staff

Newsletter Feb 2004: Another rogue trader, another risk system failure

Scandal throws doubt on Basel-II capability of National Australia Bank. Dearth of qualified directors cited

Newsletter Feb 2004: Insurance industry braced for latest capital proposals from the EU

An imminent European Commission consultation paper will fire the Solvency II debate. Insurers get two months to comment. Worries about accounting issues likely to remain

Newsletter Feb 2004: Life assurers face big deficits under proposed capital regime

Solvency II capital rules would create a substantial capital deficit for Europe\'s life insurers, notably in countries with more onerous investment guarantees or higher exposure to stock markets.

Newsletter Feb 2004: First Season in the SOX League

Players aiming for the corporate governance Super Bowl need to get into training. Inspired by the New England Patriots 32-29 win over the Carolina Panthers, coach Tim Leech gives a pep talk

Email news Service February 2004 : IASB looks for broad-based advisory group to hear critics

LONDON, February 4 - Global accounting standards setters, facing strong criticism of their new international accounting rules as they apply to banks and insurers, are considering the form, composition and mandate of a possible advisory group on the issues causing concern.

Email news Service February 2004 : Europe signals readiness to bring Solvency II into force, despite

BRUSSELS, February 13 - The European Commission signalled today its readiness to bring the risk-based Solvency II project for improving insurer safety into effect before controversial accounting rules for insurance companies are finalised, industry analysts said.

Email news Service February 2004 : Bank/Securities supervisors urged to work together

LONDON, February 18 - Securities regulators and banking supervisors need to work together in setting capital adequacy standards for bank trading book activities, a top UK financial regulator said this week.

Email news Service February 2004 : Basel II on target for final draft

NEW YORK, February 25 - Global banking regulators are on target to meet their goal of agreeing by the middle of this year a final draft of the complex Basel II upgrade of international rules for bank safety, the world\'s top banking supervisor said this week.

Email news Service February 2004 : EU Commission monitoring insurance accounting dispute

LONDON, February 2 - The European Commission is closely monitoring the heated talks between the insurance industry and international accounting standards setters on insurance accounting, European Union internal market commissioner Frits Bolkestein said today.

Newsletter Mar 2004: Optimism grows in US over tough Basel II issues

Regulators intensify search for agreement ahead of mid-year deadline. Lawmakers adopt more conciliatory stance By Melvyn Westlake