Foreign exchange
FSA and Treasury publish plans for UK covered-bonds framework
The Financial Services Authority, which regulates the banking industry in the UK, and the Treasury have published plans for a legislative framework for covered bonds.
ISDA Appoint Deputy CEO
The International Swaps and Derivatives Association (Isda) has appointed George Handjinicolaou as deputy CEO and regional director for Europe, the Middle East and Africa (Emea).
US finally reaches compromise on Basel II
Basel 1A dropped and advanced approaches to be consistent with international standards
CESR launches consumer survey
The Committee of European Securities Regulators (CESR) wants to know what the market thinks about its work over the past six years.
SGX AsiaClear adds to OTC BOM contract suite
Singapore Exchange (SGX) has announced that SGX AsiaClear will offer the clearing of over-the-counter (OTC) balance-of-month (BOM) Dubai crude oil swap and kerosene swap contracts from August 2.
Moody's looks to SIVs for stability
In a report released today, Moody's has described structured investment vehicles (SIV) as inherently stable in the face of spreading unrest in the US subprime mortgage market.
US regulators issue joint statement on AML requirements for the BSA
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RBS appoints Structured Product head for Asia-Pacific
Stanley Ng has been appointed managing director, head of Structured Investor Product Development and Marketing, Asia-Pacific for Royal Bank of Scotland (RBS).
Senior EU politician says US is set to release Basel II rules
Regulators could agree on the US’s Basel II rules today, according to a top EU bureaucrat.
Compliance controls minimise data loss, study finds
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FX risk concerns highlighted by the BIS and FiREapps
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FATF out with new AML guidance
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Final guidance issued on Mifid Level 3
The long-awaited final guidance from the Committee of European Securities Regulators (CESR) on the Level 3 implementation of the Markets in Financial Instruments Directive (Mifid) was finally issued last month.
Senators want regulators to hurry up with Basel II
Democrat senator Chris Dodd, and his Republican counterpart Richard Shelby, have asked the four US regulators in charge of Basel II implementation to finalise the rules quickly.
Plans to improve subprime supervision announced
A pilot project involving five US authorities will carry out compliance reviews of lenders active in the subprime industry.
BIS urges institutions to lower FX risk
The Bank for International Settlements (BIS) has recommended financial institutions reduce and control large and long-lasting foreign currency exposures, in a report published yesterday.
The Shape of things to come
Tetragon is one of a new breed of hedge funds trying their luck as a publicly traded company. Following its IPO in April, it hopes to bring its specialist brand of highly managed CLOs to a wider pool of equity investors. Dalia Fahmy speaks to the firm's…
Eurex plans incentive scheme to win over banks
The exchange is planning to lure market-makers into supporting its poorly traded credit derivatives contract by offering unspecified incentives to banks