News
EXCLUSIVE VIDEO: Shell Energy chief on market challenges
Mark Quartermain, president of Shell Energy North America (US) talks exclusively to Lianna Brinded about major market challenges in oil, gas and carbon markets.
Circuit breakers to stem NYSE trading falls
A 10% move in a stock price would trigger a pause in trading to prevent sudden falls
UK Bribery Act shakes up systems and controls
Banks operating in the UK may no longer make facilitation payments
Moody’s widens op risk definition for securitisation
Ratings agency breaks down boundaries of counterparty, credit and liquidity risk
CFTC commissioner questions Senate ban on support for swaps
CFTC commissioner says Lincoln's proposal to ban federal support for swaps might not fly
Brazil leads booming sovereign CDS trade
Sovereign CDS transactions eclipsed corporate protection volume in past nine months.
Third countries dominate AIFM negotiations
The question of how to deal with funds and managers based outside the European Union (EU) is proving the main dividing point in negotiations over the alternative investment fund managers (AIFM) directive.
Brussels calls for European ratings supervisor
European Commission proposes new body to oversee all credit ratings agencies operating in the European Union; security issuers must provide information to all agencies to boost competition
Cut derivatives volumes down to size, says European Parliament report
European Parliament committee calls for a smaller derivatives market, citing "distorting" effect.
Goldman preps for reputational fallout from CDO lawsuits
SEC civil action could prompt deluge of shareholder actions
AIFM provision threatens depository banks
New EU directive ups depository bank liability and could force some banks to exit the market
Firms scrimp on insurance despite rise in claims
Survey finds European firms aligning insurance packages with their risk profiles
Morgan Stanley’s metrics in Cruz control
Marcelo Cruz Morgan Stanley's new global head of operational risk measurement and metrics
Bankers hope for derivatives reprieve under US Dodd Bill
Banks lobby to avoid spinning off swaps desks under planned regulatory reform
Changing Hats, June 2010
Tracking the latest people moves in the op risk industry
ABN Amro settles $500 million for violations
Bank violated sanctions and failed to set up adequate AML programme
Ex-Kaupthing chief executive arrested
Sigurdsson faces embezzlement charges
Goldman Sachs to pay $450,000 fine for illegal short-selling
Bank's systems fail to comply with US regulations to control naked shorting
Shinsei announces ¥140 billion losses
Unexpected losses blamed on bigger provisions against property loans
Countrywide to pay $600 million to New York pension funds
Mortgage bank alleged to have exposed investors to excessive risk
Ex-RBS banker faces industry ban
UK FSA considers lifetime ban for Johnny Cameron
SEC reports it suspected Stanford Ponzi scheme since 1997
Officials at US regulator might have put Stanford case in the 'too-hard' box