News
NCB appoints vice-president of financial audit and control
NCB has appointed Jonathan Klugman as vice-president of financial and audit control
Adkins quits Financial Fraud Enforcement Task Force after 17 months
The executive director of the financial fraud enforcement task force has quit his post after just 17 months
Questions raised over UK’s forex volume surge
Market participants attribute a range of factors to the 23% rise in foreign exchange turnover in the UK reported by the Bank of England's FX Joint Standing Committee on July 25
Sovereign volatility puts Basel III CVA charge in spotlight
Basel III feedback loop between CDS spreads and CVA capital requirements worries dealers, following month of huge sovereign spread moves
Launch of interoperability not perfect
Interoperability has launched in cash equities with a system that is good, but not perfect
Dow Jones Global Shipping Index to serve as the basis for Guggenheim Shipping ETF
Index provider Dow Jones has launched a global shipping index that will form the basis for the Guggenheim Shipping ETF
Hedge funds not systemically risky, but UK regulator issues caveats
UK FSA's Hedge Fund survey and Hedge Fund as Counterparty survey find systemic risk low, but it does offer limited warnings
Repo 105: plaintiffs win ground on 'misleading' risk and leverage statements
Lehman executives and Ernst & Young lose fight to dismiss charges of deceit
SunGard’s Jackson moves to ICE
Ben Jackson, formerly senior executive vice-president of energy and commodities at technology vendor SunGard, has taken up a new role at the IntercontinentalExchange (ICE)
Update: SEC reveals fraud and abuse after Finra warns 'greedy' investors
The US Securities and Exchange Commission has published the results of its latest investigation into the selling of structured products, two days after Finra warned 'greedy' investors to take care
Comment: Mario Draghi, governor of the Bank of Italy
Incoming president of the European Central Bank warns against pressure to water down regulatory reform, in this edited version of a foreward to a new Risk book
RBS handed Fed cease-and-desist order over risk failings
Deficiencies in corporate governance and risk stretch back two years
Listed warrants return to the Polish market
Raiffeisen Centrobank has broadened its structured products range in Poland with the launch of more than a hundred products based on domestic underlyings on the Warsaw Stock Exchange, including the first listed warrants since 2005
Pension funds urge US Congress to act fast on debt-ceiling deal
Pension funds and investment firms highlight inflation, interest rate and currency risks of US default in open letters to President Obama
Dealers struggle to develop metrics to spot prop trading
Banks considering a variety of measures to identify proprietary trading and so meet the requirements of the Volcker rule, but none is foolproof, say dealers
Robert Mundell: How to save the euro
Nobel laureate Robert Mundell says eurozone can be saved with three-pronged policy solution, ‘for the short run, intermediate run and long run’
Anshu Jain made co-chief executive at Deutsche Bank
Josef Ackermann to be replaced in 2012 by Deutsche's investment banking head and Risk lifetime achievement award winner
UK FSA fines Willis £6.9 million for anti-bribery failings
The FSA has fined insurance brokerage Willis £6.9 million for failures in its anti-bribery and corruption systems and controls relating to payments to overseas third parties
Esma consults on ETFs and Ucits structured products
Esma consults on ETFs and Ucits structured products
Lowrance charged with using investor funds for Ponzi scheme
Jeffrey Lowrance charged with using investor funds in a Ponzi scheme to fund start-up newspaper
Former chair of Taylor, Bean & Whitaker sentenced to 30 years
Lee Farkas, former chair of TBW, has been sentenced to 30 years and ordered to pay back $38.5 million
JP Morgan Securities charged with rigging municipal bonds
JPMS rigged at least 93 municipal bond reinvestment transactions in 31 states, SEC says
UK trio sentenced for phishing scam
Three men have been sentenced to a total of 13 years and six months for their part in a phishing scam that attempted to steal more than £1.3 million
Former Citigroup employee charged with fraud
Former vice-president of Citigroup's treasury finance department charged with bank fraud