DIARY - Financial Regulation Events

Following are details of key upcoming financial regulation events, conferences and policy announcements.

May 10

BRUSSELS - The European Parliament's economic affairs committee votes on new hedge fund rules and a supervisory reform package.

May 17

PARIS - The Committee of European Securities Regulators holds a public hearing on their proposals to reform the EU Markets in Financial Instruments Directive (MiFID).

May 18

BRUSSELS - European Union finance ministers meet and may vote on draft EU rules to regulate hedge funds.

May 20

BERLIN - Germany hosts an international conference on financial market regulation with G20 officials attending. Speakers include Chancellor Angela Merkel. Attendees include French Economy Minister Christine Lagarde and EU Internal Market Commissioner Michel Barnier.

May

BRUSSELS - European Commission set to release discussion paper on identifying weaknesses in corporate governance in financial institutions.

June 3-5

BUSAN, Korea - G20 finance ministers meet, with financial regulation among subjects on the agenda.

June 6-10

MONTREAL, Canada - International Organization of Securities Commissions (IOSCO) holds annual conference.

June 26-27

BASEL, Switzerland - The Financial Stability Board to present policy options to G20 summit on how to tackle 'too big to fail' banks.

June 26-27

TORONTO, Canada - The G20 group of leading countries meets. Will discuss financial regulation, including a possible tax or levy on banks.

June

BRUSSELS - The European Commission due to publish draft law on regulating over-the-counter derivatives markets.

July

BASEL, Switzerland - The Basel Committee on Banking Supervision meets to continue work on reforming Basel II bank capital framework.

July

BRUSSELS - European Commission to propose revision to EU rules on bank deposit guarantee schemes.

First half

BASEL, Switzerland - Basel Committee on Banking Supervision carries out impact assessment on package of measures to toughen up bank capital and liquidity rules.

First half

LONDON - International Accounting Standards Board (IASB) to publish draft changes to hedge accounting, the final part of its IAS 39 fair value rule revamp that takes effect in 2013.

September

BRUSSELS - European Commission to propose end date for migrating all national payments systems to new single euro payments area system.

September

BRUSSELS - European Commission to put forward proposals for toughening up sanctions against firms that breach EU financial services rules as part of review of EU rules on market abuse.

September

BRUSSELS - European Commission to propose new law to simplify and clarify legal ownership of securities.

October

BASEL, Switzerland - The Financial Stability Board to put forward policy options to increase the standardisation of over-the-counter derivatives and implement mandatory clearing and exchange or electronic trading requirements globally.

October

BRUSSELS - European Commission may propose measures to regulate naked selling of sovereign credit default swaps. Also expected to propose measures on responsible lending and borrowing and best practices in mortgage foreclosure.

November

SEOUL - G20 summit to discuss financial regulation, including how to tackle systemically important banks.

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.

End 2010

G20 deadline for finalisation of new, higher levels of capital requirements for banks under new Basel framework.

End Dec. 2010

Higher capital requirements introduced for bank trading books as required by the Basel Committee.

First quarter 2011

BRUSSELS - European Commission expected to come forward with proposals to reform the EU Markets in Financial Instruments Directive (MiFID).

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.

June 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 2012

G20 deadline for implementing new Basel bank capital requirements.

(editing by John Stonestreet)