Proposals by the International Association of Insurance Supervisors are undermined by continued difficulties defining systemic risk and agreeing valuation methods.
Latest articles from Philip Alexander

European Council seizes the initiative on bank structural reform
Member states’ agreed negotiating position could form the basis of a compromise to break parliamentary deadlock.

Basel tries to split the difference on banking book rules
Basel Committee faces challenges resolving fundamental philosophical differences about measuring interest rate risk for capital charge purposes.

EU still struggling with EMIR trade reporting as MiFID looms
Dual-sided reporting of derivative trades has proved highly problematic due to the absence of agreed trade repository protocols in Europe.

Securities regulators break ranks on asset manager SIFI designation
An Iosco board meeting decided to focus on market-wide risks from specific activities, but there is still uncertainty about where the workstream will lead.

Round table: Trends and risks in financial regulation
Participants in GRR's round table of regulation specialists at leading cross-border banking groups identify the key challenges and the impact these will have on business models.

EU addresses cross-border consistency on non-cleared derivatives rules
A second consultation on margin requirements for non-cleared derivatives has reduced the potential for regulatory mismatches with other jurisdictions.

New York breaks new ground for virtual currencies
The final Bitlicense contains many reassurances for technology entrepreneurs, but still raises questions about the future of virtual currency regulation in the US.
Basel launches overhaul of CVA framework
The Basel Committee wants the capital treatment of credit valuation adjustments to align with the framework for market risk.
EU deal on securities financing transactions regulation
The EU institutions have agreed to rules that require securities financing transactions, counterparties and collateral to be reported, as well as imposing information requirements on the reuse of collateral.