News
Washington watchdog sues SEC for destroying investigative files
Government watchdog CREW has sued the SEC and its chair Mary Schapiro for purging documents related to probes of suspected wrongdoing at financial institutions
Regulation not key driver for ERM within Nordics
ERM is being driven from within firms in the Nordic countries, according to survey results
FSA confirms delay of Solvency II implementation date for UK insurers
Financial Services Authority to extend internal model approval process by more than a year
CME names Gary Morsches as energy managing director
CME Group has appointed Gary Morsches as managing director of its global energy business
Trading positions - October 2011
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
More obligations for energy firms under EU's MAD revisions
More obligations for energy firms under MAD revisions
Solar failure raises questions about funding for renewables
Solar failure raises questions about funding for renewables
UBS could face lawsuits after rogue-trading losses
Management failures could leave bank liable
RBI’s revised securitisation guidelines could ‘kill’ Indian market
The latest Reserve Bank of India revised draft guidelines for securitised transactions released late September have drawn criticism from market participants for being far too restrictive, with one lawyer saying the rules in their current form would …
Bank of America faces more lawsuits as Texas sues Merscorp
Mortgage record company and its shareholders 'left $58m fees unpaid', suit says
JP Morgan makes changes to Asia fixed income team as Bulchandani bows out
JP Morgan has made senior sales and trading appointments within its Asia fixed income team. Pranav Thakur will lead fixed income trading for Asia ex-Japan, while Sudhir Goel is named head of fixed income sales and structuring for Asia ex-Japan, replacing…
SEC report reveals failings at top three rating agencies
A report released by the US SEC reveals S&P, Moody's and Fitch all still have significant failings in their operations
CME and IDCG revalue swaps using OIS discounting
Switch to OIS comes a year after SwapClear revalued parts of its portfolio
SFO begins prosecution of £60 million property fraud
The SFO has begun its prosecution of Achilleas Kallakis and Alexander Williams, who are charged with defrauding and incurring losses of £60 million for Allied Irish Banks and Bank of Scotland
Deloitte sued for $7.6 billion after ignoring 'red flags' in TBW fraud
Deloitte has been sued by TBW's bankrupty trustee and a TBW subsidiary for $7.6 billion in losses, after failing to detect fraud in the mortgage lender
LCH.Clearnet eyes November launch for NDF clearing
London-based CCP is set to launch clearing for NDFs in six currencies in mid-November, having shelved plans for options clearing while banks discuss settlement-related issues with regulators
FIA-Isda group runs rule over Sef credit check plans
The OTC market still does not know how to provide certainty that a trade will be cleared - but an FIA-Isda meeting in New York gave attendees a chance to look at what is on offer
Cofunds appoints new risk and compliance director
UK investment platform Cofunds appoints Paul Miller as risk and compliance director
Non-bank commodity traders should adopt Fed letter commitments, says BP executive
BP's Alan Haywood says non-banks need to consider Fed letter commitments for the good of the industry
Bank of England urged to buy bank bonds if further QE implemented
Pension Corporation warns that second round of gilt purchases under quantitative easing would be detrimental to pension funds
Industry to make 11th hour plea over Emir scope
The EU council text of Emir could be voted through next week, but a group of industry associations will plead for a late - and controversial - change
Energy Risk Asia: Dodd-Frank could hit Asian energy firms hard
Panellists at the Energy Risk Asia conference voice concerns over the extraterritorial implications of the Dodd-Frank Act
Audio: Hedge funds face funding squeeze under Vickers report recommendation
UK-based hedge fund management companies could have problems accessing working capital if a provision in the ring-fencing chapter of the Independent Commission on Banking (Vickers report) stands
UK’s FPC changes tack on capital requirements
Loosely worded document does not clarify FPC’s demands on banks; new regulatory body asks for more powers in new legislation