Regulation/People
OpRisk Europe: FSA condemns operational risk weaknesses
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IMF: leverage best for determining bank bailouts
Leverage ratios, return on assets and stock data are among the most reliable indicators for predicting whether banks would require government intervention in the credit crisis, according to a study published by the International Monetary Fund (IMF) this…
Proposed replacement for IAS 39 to be released in October
The International Accounting Standards Board (IASB) will release proposals to replace IAS 39 - the accounting standard for financial instruments - in October this year.
OpRisk Europe: FSA condemns operational risk weaknesses
Financial institutions have failed to properly manage their operational risk in recent years and can expect to be subjected to higher requirements in future, an official from the UK Financial Services Authority (FSA) warned yesterday.
Liquidity regulation to cost £700 million and 15 man-years of work
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Sting in the tail
Credit spreads on highly rated names have blown out to levels that are proving irresistible to many buy-and-hold investors such as pension funds. But tail risk in the form of increased default expectations is still a major consideration. Blake Evans…
Klaas Knot
One of the architects of the Basel II Accord - and a senior Dutch regulator - defends the framework against criticisms that it was ineffectual in the face of the recent banking turmoil
Legal spotlight
The global nature of the financial crisis has led to an unprecedented spirit of co-operation amongst securities regulators in different jurisdictions, says Robert Brownlie
Robert Stheeman
The head of the UK's Debt Management Office, the body responsible for administering the wave of recent government issuance, tells Sarfraz Thind that the recent failed auction doesn't spell a death of demand for gilts
Gary Jenkins: Turner's blank canvas
The FSA's chairman, Lord Turner, has published his much-anticipated recommendations for a shake-up of the regulatory system. Do they go far enough?
Heineken
Our regular look at groundbreaking and innovative deals in the primary markets takes in the £400 million unrated Heineken deal, and BP's monster $3.25 billion offering
G-20 working groups release final reports
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Sectoral CDM proposals spark debate
In the run up to key climate negotiations in Copenhagen in December the EU has surprised the carbon market with vehement backing of a redesigned CDM. Roderick Bruce investigates
Top executives leave RBS Sempra
Executive departures were planned and commodities remain core, according to statements from RBS and Sempra Energy
Accounting boards: Spain's dynamic provisioning not the way forward
International accounting standard setters have warned that accounting for dynamic provisioning – rainy-day funds banks build up in good times to absorb losses in economic downturns – should not be recorded against profit and loss (P&L), as it is in Spain.
The FSA's tough task
Regulator Interview