Stress test struggle
Ruling in North Street deal could set new benchmark for CDO litigation, lawyer argues
Bank accused of failing to provide necessary evidence
Goldman Sachs' treatment of clients not unusual, psychologist says
Not all hedges are created equal
The Indian CDS market, which started trading at the end of last year, will need three years before trades can start being cleared through a central counterparty, says clearing house CRO
The profits of imbalance
Securities fraud charges brought against former top executives seen by one legal expert as attempt by regulator to improve image
Legal experts see potential effects of Rakoff's SEC-Citi ruling for major banks' settlements
Manhattan federal judge refuses to approve SEC settlement relating to Citi's negligence over 2007 CDO
The SEC has ordered Citigroup to pay $285 million to settle charges relating to a short position taken against its own CDO investors
The latest Reserve Bank of India revised draft guidelines for securitised transactions released late September have drawn criticism from market participants for being far too restrictive, with one lawyer saying the rules in their current form would "nearly...
Barriers to Basel
RBC Capital is charged with misconduct in the sale of CDOs by the SEC
The SEC may charge Standard & Poor's with breaking federal security laws in its rating of a 2007 CDO.
RBS being sued in the US by Highland Capital for $100 million
While CLO activity remains below pre-financial crisis levels, a demand for higher yields is driving US investor appetite
ETF providers have been angered by the continuing focus on synthetic ETFs by regulators such as the Bank of England and the IMF. But they are particularly concerned about the bad press coverage.
Making good on bad assets
US SEC claims Wells Fargo Securities, formerly Wachovia Capital Markets, violated securities laws when selling CDOs tied to the ailing housing market
CDO ratings arbitrage ‘reasonable and justifiable’, finds UK court
Regulator says investigations into certain market groups do not represent a CDO insider-trading initiative