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DIARY - Financial Regulation Events

Published 10/06/2010, 12:02 PM
Updated 10/06/2010, 12:04 PM

Following are details of major scheduled financial regulation events, conferences and policy announcements.

October 7

WASHINGTON - Group of 20 deputy finance ministers meet.

October 7

WASHINGTON - French Economy Minister Christine Lagarde speaks on "French Priorities for the G20": The Choice of Ambition".

October 8

LONDON - Responses due to UK Treasury consultation on proposed bank levy.

October 22-23

GWANGJU, South Korea - G20 finance ministers meet to prepare for G20 summit in November.

October

BRUSSELS - The European Commission is expected to propose measures on responsible lending and borrowing and best practices in mortgage foreclosure.

October

BRUSSELS - European Commission to propose a "communication" or policy document for a framework for cross-border crisis resolution with legislation to follow in early 2011.

October

BASEL, Switzerland - Financial Stability Board expected by the end of month to develop policy framework to address moral hazard risks associated with systemically important financial institutions.

Nov 11-12

SEOUL - G20 summit to discuss financial regulation, including how to tackle systemically important banks and endorse new Basel III bank capital and liquidity rules. Also Financial Stability Board recommendations on derivatives and credit rating agencies.

December

BRUSSELS - European Commission to propose fourth revision of the EU's bank capital requirements directive to include a leverage ratio, tougher definition of capital liquidity rules, extra capital buffers.

First quarter 2011

BRUSSELS - European Commission expected to come forward with proposals to reform the EU Markets in Financial Instruments Directive (MiFID) and the EU Markets Abuse Directive (MAD) to ensure both sets of rules cover OTC derivatives as well. Amendments will also look at sanctions and pre and post trade transparency.

Second quarter 2011

BASEL, Switzerland - The Financial Stability Board undertakes a second review of how its principles on curbing excessive bank compensation are being applied in G20 countries.

2011

G20 deadline for agreement on convergence of accounting rules set by IASB and U.S. Financial Accounting Standards Board (FASB).

2011

BRUSSELS - European Commission to propose fifth round of revisions to its mutual funds legal framework (UCITS) to improve investor protection and apply lessons from the Madoff fraud.

End 2011

Implementation of higher capital requirements introduced for bank trading books as required by the Basel Committee.

End 2012

Deadlines for implementing G20 pledge to centrally clear and report off-exchange traded derivatives.

January 2013

BASEL, Switzerland - Start of roll out of Basel III bank capital and liquidity rules.

(Reuters messaging: huw.jones.reuters.com@reuters.net; + 44 207 542 3326))

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