News
SEC whistleblowing project pulls in seven tips a day
Foreign tips about financial crime unexpectedly common, ex-regulator says
ANZ appoints new chief risk officer
Chief risk officer Chris Page to retire after 39 years in banking. ANZ names Nigel Williams as his successor
OCC seeking change to rating ban in Dodd-Frank, reveals Walsh
Banking regulator talking to Congress about altering the Dodd-Frank Act to allow a limited use of credit ratings
China's financial regulation 'needs improvement'
The World Bank's first assessment of the financial sector in China finds inadequacies in its regulation
On the move
On the move
Details of matching premium and treatment of EPIFP emerge in Commission paper
ABI says proposals are disappointing and the European Commission has ignored many of the industry's calls for change to Solvency II rules
Singapore looks to electricity futures market
Singapore is moving closer to the creation of an electricity futures market, according to comments made by the head of the national energy regulator.
Scoach brings after-hours trading to Hong Kong investors
Market participants in Hong Kong can now trade after hours on the Scoach platform in Germany, where issuers can also list Hong Kong dollar-denominated products
UK fraud whistleblowers need bounties, lawyers say
Legal experts have called for Dodd-Frank-style bounty provision for whistleblowers in the UK
Risk and compliance hiring in the Middle East is strengthening, say recruiters
Regulatory pressure and recognition of the importance of risk and compliance at firms is driving recruitment of executives from around the world into the Middle East
Australian regulator releases Basel III liquidity proposals
Australia's prudential regulator publishes discussion paper for liquidity reforms under Basel III. In addition, the Reserve Bank of Australia announces further details for its committed liquidity facility to address the liquidity shortage banks will face…
Avatar Capital adds CCDS brokerage team
Broker-dealer hires former Icap credit hybrids team
UK power chiefs call for more clarity on UK’s Electricity Market Reform
With the UK's power sector estimated to need some £200 billion ($317 billion) worth of investment in the next 10-15 years, much is riding on the Electricity Market Reform, which so far lacks detail, say top power executives
Hedge fund managers charged in connection with multi-billion dollar Ponzi scheme
Two hedge fund managers have been charged by the SEC with facilitating a multi-billion dollar Ponzi scheme
Political crisis in Europe brings volatility back to forex options
Volatility returned to eurodollar last week, as forex traders priced further downside risk into euro options
Sweden will go beyond Basel III capital rules, says Ingves
Riksbank governor Stefan Ingves says Sweden will follow Switzerland and UK in implementing higher capital adequacy requirements than Basel III for largest banks; details to be released soon
Video: New York Fed’s Marc Saidenberg denies US go-slow on Basel II implementation
The US is introducing Basel II at a similar pace to international peers and is also committed to timely implementation of Basel III, according to Marc Saidenberg, senior vice-president of bank supervision at the New York Fed, who warns of the dangers of…
US Orsa moves closer as draft proposals get green light
Rapid implementation process anticipated after working group approves draft
First structured product listed on Canadian National Stock Exchange heralds advance of US banks
Bank of America Merrill Lynch has guaranteed the first structured product to be listed on the Canadian National Stock Exchange, which expects more US banks to follow suit
UBS Securities fined $8 million for inaccurate recording practices
UBS Securities has been fined $8 million by the SEC for inaccurately recording 'locates' information
Financial institutions plan to increase risk and trading IT spending in 2012
Just over 60% of respondents plan to up their technology spend next year, with market risk systems the main beneficiary
Energy experts debate merits of speculators and position limits
CFTC and Goldman Sachs executives discuss role of speculators in commodities markets during times of volatility
ORX completes first stage of scenario library programme
The Operational Riskdata Exchange says benchmarking is the next step in its effort to help operational risk managers improve their use of scenarios
Pickel replaces Voldstad as Isda chief executive
Bob Pickel reappointed Isda chief executive, replacing Connie Voldstad, who will stay on as special adviser to the board