News
Savvis settles with Amex over 'strippergate'
LOSSES & LAWSUITS
Bear Stearns settles SEC fraud charges
LOSSES & LAWSUITS
Housing indexes due from S&P
New Angles
ASX bids for SFE Corp
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German launch for Moody's RiskCalc
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FSA to probe hedge fund valuations
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PPF loses chief executive
People
CAO directors fined
New Angles
IIF board express concerns over different time schedules for implementation
Different schedules for implementing the Basel Accord will present complex issues for firms operating on both sides of the Atlantic, according to the International Institute of Finance (IIF). The main problem for many firms will be operating under two…
Dealers move to tackle equity derivatives operational issues
Equity derivatives dealers are holding discussions on how to deal with operational issues facing their market, with 17 leading banks meeting at the London offices of UBS yesterday to discuss the matter. This was the first meeting of the Equity…
BPI winds down derivatives positions
Lodi’s Banca Popolare Italiana (BPI) has significantly wound down its derivatives positions and lowered its risk profile since September 2005, when it was in the middle of a failed take-over bid for Banca Antonveneta under previous chief executive…
CBOE has no plans for market depth product
The Chicago Board Options Exchange (CBOE) has denied it is working on an enhanced level of bid and offer prices (BBO) for the options market, despite reports from several industry sources that the exchange is actively considering launching just such a…
Fed governor urges comments for NPR
Susan Schmidt Bies, the governor of the US Federal Reserve, has stated the importance of companies’ comments on the NPR on US Basel II implementation, due to be released today. The final NPR is expected to be issued in the Federal Register after all the…
Eurex appoints new chief
Andreas Preuss was named chief executive of the international derivatives exchange Eurex after a meeting of the supervisory board at Deutsche Börse, which has a 50% stake in the exchange along with SWX Swiss Exchange.