Troubled asset relief program (tarp)
Bank pays fine for mortgage fraud in the lead-up to the financial crisis
The US has taken an aggressive stance in prosecuting those involved in the financial crisis. The Special Inspector General for the Troubled Asset Relief Program (Sigtarp) has so far jailed 43 indivi...
Special inspector general says agency to stay until at least 2020
This webinar on September 17th looks at the challenges of GRC, key trends, motives for improvement, future investments, and obstacles that banks and other financial institutions face in trying to improve and integrate their risk management strategy
More Troubled asset relief program (tarp) articles
Federal Reserve proposals limiting counterparty risk could put RBS and the UK government in one pot – potentially forcing US banks to cut exposure to both
Former Tarp special master doubts limits will change compensation behaviour
SEC charges former UCB executives with failing to disclose losses that led to the bank crashing in 2009
A new pull for CoCos
Lee Farkas, former chair of TBW, has been sentenced to 30 years and ordered to pay back $38.5 million
Sigtarp says: "This is the most significant criminal prosecution to date rising out of the financial crisis"
2008 US bailout programme succeeded, but not without problems
Bank accused of suffering from a 'boys’ club' mentality
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.