LONDON, January 25 (Global Risk Regulator) – Further enhancement of the role of the so-called consolidating bank supervisor in Europe is not possible under the current legal framework, Europe’s banking supervisors said today with the issue of new guidelines on supervisory co-operation for cross-border banking.

LONDON – UK regulators warned today (January 25) that the volume of regulatory reform continues to create challenges with one important issue being the need to achieve a reasonable co-ordination of “the levels of engagement of home and host country supervisors”.

HONG KONG – Hong Kong is well advanced on the Basel II framework, Hong Kong Monetary Authority (HKMA) deputy chief executive William Ryback said today (January 25).

WASHINGTON, January 16 (Global Risk Regulator) – The US would be better off with a three-, rather than two-level system of banking supervision. That’s according to some of the comments received so far on plans to apply a more risk-sensitive version, known as Basel IA, of current bank safety rules to the thousands of the nation’s banks that won’t be adopting the international Basel II capital adequacy regime.

LONDON, January 27 (Global Risk Regulator) – Proposals for more harmonised and standardised international supervision of reinsurers have had a positive response from insurance industry regulators, say the authors of a report produced by the Group of Thirty (G30) leading figures in global finance.

BRUSSELS, February 6 (Global Risk Regulator) – Europe’s banking, insurance and securities market supervisors want to speed up implementation of the financial conglomerates directive (FCD), which aims to ensure big financial services firms are properly capitalised.

WASHINGTON, February 16 (Global Risk Regulator) – The US Federal Reserve Board “is on the same page” as US lawmakers in not wanting to see a substantial reduction in bank capital as a result of applying the international Basel II bank safety rules, Fed chairman Ben Bernanke said today.

BASEL, Switzerland, February 16 (Global Risk Regulator) – Insurance supervisors today issued a roadmap for the development of international standards on the assessment of insurer solvency. The plan extends over many years.

WASHINGTON, March 14 (Global Risk Regulator) – The US Treasury continues to urge federal banking regulators to work cooperatively in their efforts to implement the international Basel II bank safety rules “and move the process forward in a timely fashion,” a top Treasury official said yesterday.

WASHINGTON, March 23 (Global Risk Regulator) – US regulators’ delayed final plans for implementing the Basel II bank safety rules will be issued next week, shortly before an open-to-the-public meeting of the Federal Reserve Board on March 30.