Financial Regulatory Forum

FACTBOX-Global regulators seek to plug supervision gaps

Jan 8 (Reuters) – A forum of global financial regulators put forward 17 recommendations on Friday covering supervision of hedge funds, credit derivatives and mortgages in a bid to plug supervisory gaps highlighted by the financial crisis.

The G20 group of countries, which is spearheading reform of financial regulation at the global level, asked the forum last November to come up with recommendations.

Policymakers saw flaws in how supervisors of securities, insurers and banks worked together, with some firms able to exploit gaps. The recommendations comprise a marked shift in the parameters of regulation and supervision.

Some of the recommendations are already being acted on, such as forcing hedge fund managers to register and report to supervisors, and increasing transparency and central clearing of credit derivatives.

For report from the Basel Committee on Banking Supervision, the International Organisation of Securities Commissions and the International Association of Insurance Supervisors click on

ANALYSIS-US, EU urged to find common ground on systemic risk

By Huw Jones and Rachelle Younglai
LONDON/WASHINGTON, Oct 30 (Reuters) – The United States and Europe are moving at different speeds down possibly divergent paths toward dealing with troubled multinational financial giants, despite promises of transatlantic coordination.

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INTERVIEW – Britain’s FSA seeks to shape regulatory debate

By Huw Jones
BASEL, Switzerland, Oct 8 (Reuters) – The UK’s Financial Services Authority hopes its rapid introduction of tougher liquidity rules for banks will help speed up and shape global rulemaking, its new international director said.

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