A more aggressive approach to enforcement has occasionally led supervisors to over-reach themselves; Stephenson Harwood has won praise for its successful efforts in several high-profile cases
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Kaupthing bank articles
REYKJAVIK – The former chief executive of collapsed Icelandic bank Kaupthing has been named by prosecutors as a fraud suspect in an Icelandic market abuse case. Sigurdur Einarsson headed the bank until its failure and nationalisation on October 4 last...
The former chief executive of collapsed Icelandic bank Kaupthing has been named by prosecutors as a fraud suspect in an Icelandic market abuse case. Sigurdur Einarsson, residing in London, headed the bank until its failure and nationalisation on October...
Credit event fixings for Iceland's three biggest banks took place in November after the government seized control of the entities, triggering technical defaults. Recovery rates were established at single-digit levels, suggesting massive losses for investors...
Isda is providing protocols to amend CDS paperwork before the settlement auctions for Iceland’s defaulted banks
The nationalisation of Iceland’s largest bank Kaupthing on Thursday constitutes a technical credit event, the International Swaps and Derivatives Association has confirmed.
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.