Newsletter December 2013: Deal on Single Resolution Mechanism moves closer

BRUSSELS – Agreement on the establishment of a single resolution board and fund – together forming the single resolution mechanism (SRM) moved closer following a series of compromise proposals by the Lithuanian presidency of the Council of the European Union (EU), the fourth being published on 2 December 2013. These proposals will be discussed by the EU economic and finance ministers (Ecofin) with a view to closing a deal before year-end.

Newsletter September 2013: FSB review of US insurance reform triggers new row

Global peer report on American financial regulation touches raw nerve with its proposal for greater Washington regulatory input By David Keefe

Newsletter September 2013: Showdown: banking union runs into Berlin’s ‘red line’

Germany's political leaders look determined to block the Single Resolution Mechanism – unless the EU treaty is changed By Klaus Engelen

Newsletter September 2013: US regulatory round-up

A selection of news items generated by the American regulatory reform agenda

Newsletter September 2013: The state of global reform

St Petersburg G20 summit has received a wide-ranging update by the Financial Stability Board on the progress of reforms that leaders have previously demanded. A plethora of reviews, assessments and scorecards is being released, which are reported below and elsewhere in GRR Global regulators could be giving up on global resolution plans for banks that get into trouble, leaving capital requirements to local regulators.

Newsletter September 2013: FSB issues tough new rules on securities financing

BASEL – Far reaching plans for the regulation of securities financing transactions, including mandatory minimum margins (“haircut” floors), came decisively closer to implementation at the end of August. Regulators have targeted securities financing transactions such as sale and repurchase agreements (repos) and securities lending as part of their wider objective to strengthen oversight of the shadow banking sector and impose a more comprehensive framework of rules on it.

Newsletter September 2013: Regulators look for benchmark consistency

BASEL – Global regulators have set up a high-level Official Sector Steering Group (OSGG) of regulators and central banks to take work forward to promote consistency in the standards applying to widely-used financial market benchmarks.

Newsletter September 2013: Key risks threaten EU financial stability

BRUSSELS – A weak macro-economic outlook, protracted low interest rates, financial sector fragmentation and reduced confidence in balance sheet valuations and risk disclosures are the key cross-sectoral risks threatening the stability of the financial system, according to the European Union’s banking, insurance and securities markets regulators.

Newsletter September 2013: The narrow line between recovery and resolution

Tackling the potential failure of a non-bank, such as an insurer or infrastructure firm, is now in the regulatory spotlight By David Keefe

Email News Service September 2013: G20 leaders seek to avoid conflicting financial rules

St Petersburg, Russia, September 6 (Global Risk Regulator) - World leaders renewed their determination on Friday to work more closely and regulate across the financial system to avoid conflicting rules that would crimp economic growth, Reuters news agency reported from the St Petersburg G20 leaders’ summit which ended today.