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China makes a move on Basel II implementation
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IT weakness might have allowed Countrywide security breach
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Companies not prepared for data leaks
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FSA suffers ratings blow as Ambac regroups
Standard & Poor's has announced a negative outlook for the AAA rating of Financial Security Assurance (FSA), the New York-based monoline insurance company that is part of the Dexia Group.
CEBS amends consultation practices
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Liquidity risk is the ultimate operational risk
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EU regulation will restrict financial services growth
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CRMPG calls for daily counterparty risk reports
Broker-dealers should monitor their institutional counterparty risk exposure on a daily basis, the latest report from the Counterparty Risk Management Policy Group (CRMPG) has recommended.
Carbon market associations join forces
A merger between the Carbon Markets Association (CMA) and International Carbon Investors (ICI) has brought together sixty banks, law firms and service providers that work within the carbon market, including Barclays Capital, JP Morgan and RBS Sempra.
No changes to Libor, says BBA
The British Bankers' Association has ruled out major changes to its Libor fixing, despite criticism earlier this year that the widely used interbank rate had become unreliable.
Complexity and hidden risk caused the crash, says BIS
The Bank for International Settlements (BIS) blames the credit crisis on a failure to understand the risks involved in complex credit risk transfer structures set up earlier this decade, in a report published this month.
SEC fills commissioner positions
Troy Paredes and Luis Aguilar have joined the US Securities and Exchange Commission (SEC) as commissioners.
BlueNext CER spot to launch on August 12
Paris-based environmental exchange BlueNext will launch trading in its physically delivered Certified Emissions Reduction (CER) spot contract on August 12.
Nymex steeled for futures launch
New York Mercantile Exchange plans to launch index-based financially settled steel futures contracts early in the fourth quarter of 2008.
RBS’s Hickey to chair European Securitisation Forum
Mark Hickey, head of financial institutions debt capital markets for Europe, the Middle East and Africa (EMEA) at the Royal Bank of Scotland (RBS), has been elected vice-chair of the European Securitisation Forum (ESF) for 2008, and as chair for 2009.
FSA concludes HBOS rumours investigation
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