Latest articles from Staff

Newsletter Oct 2003: Regulators turn to network theory to study linkages

SINGAPORE - Financial regulators are looking more closely at the links within and between firms under their supervision, reflecting a growing awareness of the importance of network theory in analysing risk in the financial system, a senior Singapore regulator said in September.

Newsletter Oct 2003: Insurance supervision at crossroads

SINGAPORE - The insurance industry worldwide stands at the regulatory crossroads with past failures emphasising the need for enhanced and harmonised supervision, the world\'s insurance supervisors were told in early October.

Newsletter Oct 2003: Insurance supervisors adopt revised core principles

SINGAPORE - The world\'s insurance regulators adopted an expanded version of their core principles for the supervision of the insurance industry at their annual conference in Singapore in early October.

Newsletter Oct 2003: IAIS insurance glossary

BASEL, Switzerland - The International Association of Insurance Supervisors (IAIS) issued a glossary of insurance terms in September to help improve supervision of the insurance industry at the domestic and international level.

Newsletter Oct 2003: Getting Basel II right more important than timetable

DUBAI - Basel Committee chairman Jaime Caruana said in late September that getting the controversial Basel II upgrade of capital rules for bank safety right is more important than sticking to a timetable, Reuters news agency reports.

Newsletter Oct 2003: Hong Kong formalises regulator links

HONG KONG - Banking and insurance supervisors formalised the way they already co-operate in a memorandum of understanding they signed in September, Hong Kong officials say.

Newsletter Oct 2003: Task force on reinsurance transparency reports next year

BASEL - A task force working on improving the transparency of the reinsurance industry hopes to issue its conclusions next year, officials with the International Association of Insurance Supervisors (IAIS) said in early October.

Newsletter Oct 2003: Accounting delays pose problems for Solvency II

Accounting standard setters aren\'t going to meet their 2007 target for a rule on insurance contracts. David Keefe looks at what that means for Europe\'s Solvency II project

Newsletter Oct 2003: Liability best estimates could skirt accounting problem

The European Commission may need to think of developing some quantitative measures to allow the development together of international insurance accounting standards and the Solvency II regime, without the one hindering the other.

Newsletter Oct 2003: Model approach to industry\'s future

Allianz isn\'t waiting for the regulators - it\'s forging ahead with its own plans, using a risk model that mirrors the three pillars of Basel II