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24/03/2014:
Email news service March 2014: Relief extended on US derivative rules
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28/02/2014:
Email news service: EU financial legislation hits delays
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20/02/2014:
Email News Service February 2014: EU resolution mechanism talks go to the wire
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25/09/2013:
Email News Service September 2013: Banks’ capital and liquidity improve under Basel III
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10/09/2013:
Email News Service September 2013: Internal model differences outweigh others; Peer review sees good UK progress
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06/09/2013:
Email News Service September 2013: G20 leaders seek to avoid conflicting financial rules
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02/09/2013:
Email News Service September 2013: FSB’s Carney warns on regulatory fragmentation
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27/08/2013:
Email News Service July/August 2013: US needs analytical approach to systemic risk
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12/08/2013:
Email News Service July/August 2013: Regulators propose non-bank resolution regime
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18/07/2013:
Email News Service July/August 2013: G20 names nine insurers as systemic risks; backstop capital planned
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09/07/2013:
Email News Service July/August 2013: US regulators plan tougher capital rules for big banks
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08/07/2013:
Email News Service July/August 2013: Reassessing Basel pillars could aid simplicity, say regulators
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05/07/2013:
Email News Service July/August 2013: Latest study again shows up wide bank capital variations
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23/04/2013:
Email News Service April 2013: EU-US banking spat increases fragmentation fears
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22/04/2013:
Email News Service April 2013: Stability Board warns G20 on fragmentation
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19/04/2013:
Email News service April 2013: G20 seen tasking Stability Board with Libor oversight
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26/02/2013:
Email News Service February 2013: Simpler risk measures not necessarily a solution, says Basel’s Byres
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18/02/2013:
Email News Service February 2013: Basel takes aim at bank VaR calculations; G20 monitoring impact of regulations on long-term finance
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25/01/2013:
Email news service January 2013: Basel III delays not critical, but accord may not have right balance on risk measurement, Ingves says
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06/01/2013:
Email News Service January 2013: Basel confirms easier bank liquidity rule
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04/01/2013:
Email News Service January 2013: Basel regulators seen easing bank liquidity rule this weekend
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08/11/2012:
Email news Service November 2012: Wall Street left to mend regulatory fences after backing loser
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21/12/2012:
Email News Service December 2012: Task force looking further into Basel III complexity
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26/11/2012:
Email News Service November 2013: BofE governor-to-be Carney to remain G20 financial stability chief
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01/11/2012:
Email News Service November 2012: Four big banks face top G20 capital charges
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19/11/2012:
Email News Service October 2012: Delay threatens G20 OTC reforms
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29/10/2012:
Email News Service October 2012: urge G20 action to keep Basel III on track
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19/10/2012:
Email News Service October 2012: EU banking supervision agreement raises big questions
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18/10/2012:
Email News Service October 2012: G20 insurer systemic risk plans raise concern
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11/10/2012:
Email News Service October 2012: Stability Board bolsters systemic rules for banks, insurers
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02/10/2012:
Email News Service October 2012: Ring fencing EU banks will be huge task
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20/09/2012:
Email News Service September 2012: Basel III test shows need for $485 billion more bank capital; European banks may face sliding scale of requirements
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14/09/2012:
Email news Service September 2012: Basel regulators look at reducing complexity
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12/09/2012:
Email News Service September 2012: Europe’s banking plan faces tough challenges
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09/08/2012:
Email news Service Jul/Aug 2012: US extends Basel III comment period
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07/08/2012:
Email News Service July/August 2012: EU’s Barnier says pensions not at risk with Solvency II; Industry knocks G20 systemic risk proposal
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16/07/2012:
Email News Service July/August 2012: Dismay at US delay on global accounting rules
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20/06/2012:
Email News Service June 2012: G20 agree strengthened role for Financial Stability Board
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18/06/2012:
Email News Service June 2012: G20 summit to contend with regulatory issues as well as eurozone crisis
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13/06/2012:
Email News Service June 2012: EU may see new bank supervision proposals by autumn; US regulators say Basel III not tough enough
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11/06/2012:
Email News Service June 2012: Basel III bank rules could be weaker in US, EU and Japan
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08/06/2012:
Email News Service June 2012: Regulators want to launch buyer/seller tagging next year
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07/06/2012:
Email News Service June 2012: EU bank plans seen as major priority for regulators
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Email News Service June 2010: No agreement to remove any Basel III proposals, says spokesman

BASEL, Switzerland, June 25 (Global Risk Regulator) – Global banking regulators have not discussed, nor agreed to, the elimination of any part of their proposals to strengthen bank capital and liquidity requirements, a spokesman for the Basel Committee of top banking supervisors said in a statement today.

The spokesman was commenting on a UK Financial Times newspaper report today that said regulators are likely to shelve the idea of forcing banks to maintain a tough, new long-term liquidity ratio following intense lobbying by the banking industry. The FT said a draft of the Basel Committee’s latest thinking is to be presented to leaders of the Group of Twenty top economies at their summit this weekend in Toronto.



The spokesman said the Basel Committee, the body that sets

international banking rules, is on track to deliver a complete calibrated package of capital and liquidity standards, generally dubbed Basel III, to G20 leaders at their November summit in Seoul.

At its forthcoming July 14-15 quarterly meeting, the Basel Committee will review the comments received on its December 17 2009 capital and liquidity reform proposals, the spokesman said.

The Committee will also review the results of its quantitative impact study, or test of the Basel III proposals, and the assessments of the impact on the broader economy. The Committee will then present recommendations to its oversight body, the Group of Governors and Heads of Supervision from the Committee’s 27 member states.

As reported in the latest issue of Global Risk Regulator newsletter, some revisions to the original Basel reform package are likely, particularly in relation to the proposed global standards for liquidity, where certain regulators have also expressed growing concerns. But with the critical mid-July meeting of the Basel Committee looming, bankers seemed resigned to a tough package of reforms that makes only limited concessions to strong industry concerns about the impact on credit provision and global economic growth.

(see earlier GRR email today “Regulators shelving liquidity ratio, FT says”; “Banks win battle for limits to Basel III”: www.ft.com;

“Regulators, bankers clash over reform impact costs”, Global Risk Regulator newsletter)

David Keefe (dkeefe@globalriskregulator.com)

(Volume:8 Issue: 6)

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