Governance

UK government to press ahead with banking reforms

June 14, 2012 - Landmark reforms to the British banking industry will go ahead despite the fact they are unpopular among the majority of financiers, George Osborne has confirmed.

Governance

Agencies Seek Comment on Regulatory Capital Rules and Finalize Market Risk Rule

June 12, 2012 - The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) are seeking comment on three notices of proposed rulemaking (NPRs) that would revise and replace the agencies' current capital rules.

Governance

Basel Committee publishes report on Basel III implementation

June 11, 2012 - The Basel Committee on Banking Supervision published on 11 June its "Report to G20 Leaders on Basel III Implementation".

Governance

SEC Issues "Roadmap" on Phase in of Derivatives Regulation

June 11, 2012 - The Securities and Exchange Commission today issued a policy statement describing the order in which it expects new rules regulating the derivatives market would take effect. The statement covers final rules to be adopted by the SEC under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.

Governance

FSB sets out LEI scope and timetable

June 8, 2012 - The Financial Stability Board has set out 35 recommendations for the development and implementation of a global Legal Entity Identifier (LEI) system that will uniquely identify parties to financial transactions.

Governance

Chinese banks set to abide by Basel III regulations

June 7, 2012 - Banks in China will be required to comply with the regulations laid down in the new Basel III agreement, it has emerged. Policymakers in Beijing have decided that financiers operating in the Asian superpower will be put under the same level of regulatory supervision as their counterparts across the world as of the beginning of 2013.

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