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Fed chairman says Basel II NPR deadline will be met
Ben Bernanke tells Senator Shelby Basel II NPR deadline will be met
FSA out with Mifid perimeter guidance
FSA issued more Mifid guidance for beleaguered firms
Four in ten EU firms to miss Mifid deadline, survey says
Handysoft-sponsored survey suggests only four in ten financial institutions will be ready to implement Mifid by the November 1 deadline.
Danske Bank completes first phase of economic capital project
Danske Bank completed the first phase of an economic capital project with Algorithmics
Principles-based regimes dominate at the FSA
FSA aims for more PBR for insurance conduct of business regulation
CEIOPS out with submissions to the European Commission
CEIOPS published Solvency II papers to European Commission
FSA speaks out on Solvency II
Sarah Wilson, director of the FSA's Retail Firms Division, presents FSA view of Solvency II
Greece bans structured products for pension funds
Greece has banned its 200 state-controlled pension funds from buying structured products and credit derivatives following allegations that some funds bought mis-priced products, The Financial Times reports.
Rabobank in derivatives management reshuffle
Netherlands-based Rabobank International has announced a number of key management changes in its global equity and fund derivatives business.
Canara Bank of India and Robeco to launch asset management venture
Canara Bank of India, and asset manager Robeco of the Netherlands, are to set up a joint asset management venture in India. The joint venture, Canara Robeco Asset Management, which is still subject to regulatory approval, aims to offer mutual funds,…
PRMIA/SunGard deliver RAPM survey
PRMIA and SunGard out with survey on the current use of risk-adjusted performance measurement (RAPM) in business decision-making processes.
IIF special committee releases liquidity risk report
Institute of International Finance publishes new report, Principles of Liquidity-Risk Management.
EU suggests simpler rules for US adoption of Basel II
Simpler rules for Basel II implementation suggested for US banks
Barroso urges EU-US regulatory convergence
José Manuel Barroso singled out regulatory and standards convergence as key areas for EU-US relations
European Commission out with draft M&A directive
European Commission out with text of the draft directive on supervisory consents for mergers and acquisitions
SSE to promote equity-linked structured products
The Shanghai Stock Exchange (SSE) is to promote the development of structured products such as covered warrants in 2007. According to a statement issued by the exchange, promoting the listing of innovative financial products is one of the nine tasks that…
S&P launches private equity index
Standard & Poor’s (S&P) has launched of the S&P Listed Private Equity Index, an investable index which provides tradeable exposure to a selection of the world’s largest and most liquid publicly listed companies that invest or operate in the private…
UBS Wealth Management opts for Deutsche structuring services
Deutsche Bank Securities has been selected as the first third-party provider of structured products to UBS Wealth Management in the US. Under the agreement, investors can access certain Deutsche Bank co-developed structured products through UBS Wealth…
New Hong Kong offering from Barclays
UK investment bank Barclays Capital has launched its second retail investment fund in Hong Kong. The Financial Select Income Fund guarantees investors quarterly dividends in the first year totally 10% while also limiting downside risk.
SOX opposition continues
Three congressmen are reintroducing COMPETE bill to exempt small businesses from 404 requirements.
HKMA publishes new return of capital adequacy requirements
Following the passage of the Banking (Capital) Rules in December 2006, the Hong Kong Monetary Authority (HKMA) has finalised the new return of capital adequacy requirements and its completion instructions.
Shedding shackles
The expected approval of new financial rules in Korea in the coming months should liberate the country's financial markets and bolster financial efficiency. But domestic banks are far from happy.
Under the yoke
The Reserve Bank of India released its long-awaited draft derivatives regulations in early December. But far from opening the market up to a wider universe of products, dealers complain the derivatives market has been reined back in.
Singapore stakes its claim
The lion city is pushing for a slice of the fast growing Islamic finance market - a move that may put it on a collision course with its more established peers, notably Malaysia.