ICFR Weekly - 25 January 2012

Regulatory News   

Australian Banks Healthy, But Higher Capital for SIFIs Warranted - 24 January 2012
A new working paper published by the IMF indicates that Australia’s conservative approach to the implementation of Basel II has stood them in good stead, with high quality capital at good levels, indicating that they are well-positioned to meet the Basel III standards on both capital and liquidity...  Read more

India Cuts Bank Cash Reserve Ratios - 24 January 2012
The Reserve Bank of India (RBI) has cut the cash reserve ratio for Indian banks from 6.0 percent to 5.5 percent, effective from 28 January...  Read more

IMF Cuts Back Growth Forecasts – Warns on Excessive Deleveraging - 24 January 2012
In its updated World Economic Outlook the International Monetary Fund (IMF) has mirrored private sector forecasts and cut back its growth expectations...  Read more

IMF Paper Argues Credit Rating Agencies Influence the Market - 23 January 2012
A new working paper from the International Monetary Fund (IMF) argues that credit rating agencies (CRAs) do not just lag the market, but actually influence the market...  Read more

China May Relax Bank Capital Requirements - 19 January 2012
Bloomberg reports that China is weighing a plan to relax capital requirements at its five largest banks...  Read more

SEC to Study Investor Financial Literacy - 19 January 2012
The Dodd-Frank Act requires the US Securities and Exchange Commission (SEC) to conduct a study of financial literacy among investors....  Read more

BIS Argues Stress-Tests Are Not Early Warning Devices - 18 January 2012
Macroeconomic stress tests which assess the financial system as a whole are “ill-suited” as early warning devices, according to a new paper from the Bank for International Settlements (BIS)...  Read more

CPSS-IOSCO Publish Report on OTC Derivatives Data Reporting - 18 January 2012
The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) have published their final report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories (TRs)...  Read more

 

Key Dates   

Enhanced Prudential Standards and Early Remediation Requirements for Covered Companies - 31 March 2012  
The Federal Reserve Board of Governors is requesting comment on proposed rules that would implement the enhanced Prudential standards required to be established under section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act....  Read more

 

Other Regulatory Updates  

ICFR - Chatham House Event: Financial Regulation and the Real Economy - 19 March 2012
Barbara Ridpath, CEO of the ICFR and Richard Reid, Director of Research at the ICFR will be speaking at this joint ICFR - Chatham House event...  Read more


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