Auction rate securities (ars)
The last months of 2011 saw European banks preparing for the arrival of Basel 2.5 by trying to lighten their risk-weighted assets – but a delay in implementing the same rules in the US has created...
NEW YORK – UBS has been ordered to pay a settlement of $80.8 million to a mobile phone manufacturer to settle claims the Swiss bank was responsible for a loss of earnings. Kajeet, a firm that specialises...
Dodd-Frank rules take aim at brokers pushing muni rate swaps for bigger payday
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Auction rate securities (ars) articles
Three securities firms are to repurchase $128 million in auction-rate securities (ARS) from aggrieved holders of the illiquid instrument and will pay $600,000 in fines in the latest in a spate of regulatory actions in response to the mis-selling of the...
UBS executives sold $21 million of personal auction rate securities (ARSs) holdings just days before the market ground to a halt, while continuing to market the securities to unwitting consumers, a New York State lawsuit has alleged. Attorney-general...
The municipal bond market in the US is still largely in a state of disarray, well over a year after the collapse of the auction rate securities (ARS) sector, though signs of recovery are visible in the fixed-rated debt market, congressmen have heard....
At least 184 auction-rate securities (ARS) holders are continuing to mark their notes to par almost a year on from the implosion of the $330 billion market - meaning further writedowns are inevitable, a new report has concluded.
A year on from the collapse of the auction rate securities market, short-term variable-rate financing in the US remains scarce. In 2009, municipal issuers face surging costs and low interest rates most can't access. By Peter Madigan
WASHINGTON, DC - Bank of America (BoA) and Royal Bank of Canada (RBC) are the latest banks to reach a settlement with the US Securities and Exchange Commission and New York Attorney-General's Office to buy back billions of dollars of auction-rate securities...
NEW YORK - US regulators are continuing to crack down on firms in an attempt to clean up after the implosion of the auction rate security (ARS) market in February. The US Financial Industry Regulatory Authority in New York settled with a number of firms,...
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
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