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Proposed CFTC merger meets mixed reaction
The US Department of the Treasury has released a blueprint recommending the largest overhaul of the US financial regulatory structure since the Great Depression in a bid to boost US competitiveness in global markets.
Goldman goes for Green
Investment bank Goldman Sachs has joined the Green Exchange as a "founding member," the exchange announced today.
UK financial sector feels pain of credit crisis
The UK financial industry will shed more jobs in the months ahead as the economic crisis deepens, and its effects have already cut bonuses and salaries sharply.
UBS to write down $5.9bn auction rate securities book
UBS plans to mark down more than 85% of its auction rate securities (ARS) paper, as the paralysis of the market continues into a third month.
Wheels fall off LiquidityHub
London-based liquidity aggregation platform LiquidityHub stopped operating last week, having endured a lack of market interest in the face of the credit crunch.
US reforms mean more bailouts and centralised power
Plans to reform US financial services oversight will open the way for more bailouts of financial companies and more centralised regulation.
HKEx names new head of risk management
Hong Kong Exchanges and Clearing (HKEx) has appointed Kevin King as head of risk management, effective today. He replaces Stewart Shing, who was previously acting head of risk management and head of clearing, a position he retains.
Isda submits industry goals to New York Fed
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FSA to have new market abuse powers
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