ICFR Weekly - 1 February 2012

Regulatory News   

FSA Gives Qualified Support to MiFID II, Concerns Remain - 31 January 2012
The Financial Services Authority (FSA) has given its support to a number of the initiatives contained in the European Commission’s MiFID II proposals...  Read more

Incentives for Disclosure Needed to Improve Corporate Governance - 31 January 2012
This Staff Report from the Federal Reserve Bank of New York argues that the existing regime for information disclosure is “primarily one of compliance”...  Read more

IMF Paper Questions Credibility of Risk-Weighted Asset Measurements - 31 January 2012
A new working paper published by the International Monetary Fund (IMF) argues that there remains a divergence between market assessments of risk and regulatory assessments of risk...  Read more

International Accounting Standards Bodies to Cooperate on Convergence - 27 January 2012
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have announced an agreement to work together to reduce differences...  Read more

Indian Regulator Advised to Develop Capital Markets - 27 January 2012
The Securities and Exchange Board of India (SEBI) has been advised by its International Advisory Board (IAB) to develop its capital markets...  Read more

UK Government Publishes Financial Services Bill - 27 January 2012
The UK Government has published its much anticipated Financial Services Bill, which overhauls the structure of financial regulation in the UK...  Read more

Bank of England: International Coordination Needed to Prevent Macroprudential ‘Leakage’ - 27 January 2012
A new working paper from the Bank of England has examined the effects of changes in capital requirements as a macroprudential tool for smoothing the credit cycle...  Read more

BIS Releases Preliminary International Banking Statistics - 27 January 2012
The Bank for International Settlements (BIS) released today the statistical commentary on preliminary locational and consolidated banking statistics for the third quarter 2011...  Read more

Sources of Bank Risks Depend on Funding Structures - IMF - 26 January 2012
There are systematic differences between the vulnerabilities of different types of banks, according to a new working paper published by the International Monetary Fund (IMF)...  Read more

ESMA Warns on Regulatory Risks to Credit Ratings Quality - 25 January 2012
Verena Ross of the European Securities and Markets Authority (ESMA) has delivered a speech to the European Parliament’s Committee on Economic and Monetary Affairs...  Read more

FSA Outlines ‘New Orthodoxy’ for Conduct Regulation - 25 January 2012
Martin Wheatley, CEO designate of the UK’s Financial Conduct Authority (FCA), has given his vision for a new approach to conduct regulation, in which a “fair deal for consumers” is set to take central stage...  Read more

 

Key Dates   

FSA consults on amendments to listing rules in the UK - 26 April 2012
The consultation paper sets out proposals for changes to the listing rules to ensure that they reflect properly recent changes in market practices...  Read more

 

Other Regulatory Updates   

ICFR Conference on Corporate Governance, London - 7 March 2012
On 7th March 2012, the International Centre for Financial Regulation, supported by Eversheds & City of London, will host a high level roundtable to further the ICFR’s programme on Corporate Governance in Emerging Markets...  Read more


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