A top accounting rules setter said on Thursday it was well on the way to becoming the global standard in a veiled hint that the United States should get on board or risk being isolated. In roughly a decade, adoption …
Transatlantic sniping by top policymakers could make it harder to agree new rules to crack down on derivatives, derivatives market officials said on Tuesday. “The high policy debate is going in the wrong direction right now,” said Futures and Options …
A top U.S. regulator said on Tuesday that transatlantic trading requirements for derivatives were likely to vary somewhwat but that the differences should be kept to a minimum. The United States has approved a reform of Wall Street which requires …
A global accounting standard setter proposed a new rule for measuring insurers’ profitability on Friday, aiming to shine a light on a sector criticised by investors for being a “black box” that keeps them in the dark. The International Accounting …
AIG’s near collapse is a credit-crunch case study in how Europe can improve supervision of big cross-border insurers, a top EU market regulator said on Monday. The American insurer has received nearly $180 billion in government funds to prevent a …
European Union plans to beef up financial supervision may be replicated globally, though much will hinge on how the United States responds, a top official from the bloc’s executive arm said on Monday. A high-level committee headed by a former …
EU leaders backed a blueprint on Sunday for streamlining how banks are supervised designed to spot excessive risk earlier to better protect investors. An emergency summit of European Union leaders on the economic crisis stressed the need to improve regulation …
The European Union should set up two bodies to coordinate oversight of financial institutions across Europe, according to a report on Wednesday which disappointed those seeking simpler structures with more teeth. Part of efforts to restore investors’ confidence burnt by …
Overhauls of U.S. market supervision and European policy coordination are needed to plug regulatory gaps highlighted by the market crisis, the OECD said in its latest economic outlook. Initially billed as a first step to refound post-war Bretton Woods financial …
New European Union rules that shake up how insurers offset risk and protect policyholders must not be rushed despite a 2012 deadline, a senior British regulator said on Tuesday. European Commission proposals known as Solvency II are before the European …
