News
Irish regulator lacked 'capacity and will' pre-crisis admits Elderfield
Ireland's chief regulator has provided more detail on the recent stress tests carried out by the central bank of Ireland and plans to increase the powers of the body
Latest ODSG letter shows dealer aims weakened by Dodd-Frank Act
Dealers say they have little appetite for voluntary change when facing big mandatory reforms
India's Satyam Computer Services charged with financial fraud
SEC accuses Indian computer company that serves more than a third of the Fortune 500 companies of overstating its income by $1 billion
Wells Fargo agrees $11 million SEC settlement over CDO sales
US SEC claims Wells Fargo Securities, formerly Wachovia Capital Markets, violated securities laws when selling CDOs tied to the ailing housing market
Deutsche Bank to appeal tribunal ruling on bankers' bonuses
HMRC tax tribunal finds Cayman Islands scheme set up by Deutsche was "purely for tax-avoidance purposes"
Basel Committee’s Walter: Consensus reached on method to identify Sifis
The Basel Committee has now agreed on criteria for banks posing systemic threat; FSB agrees on accelerated timetable for G-20 recommendations
Catastrophe bonds hit by Japan earthquake
Catastrophe bonds hit by Japan earthquake
Beware of too much faith in capital requirements, says NAIC
Beware of too much faith in capital requirements, says NAIC
Regulation acting as bar to global long-term investing
Regulation acting as bar to global long-term investing
Eiopa launches second insurer stress test
Eiopa launches second insurer stress test
Protests against US Fatca tax rules gain pace with support of European Commission
New Fatca tax regulations enacted last year in the US will have a wide-reaching impact on the US financial industry. This has attracted many complaints and prompted the European Commission to call for changes to the new rules.
Risk Europe: More clearing members preferable, say buy-side panellists
A wider universe of clearing members could help reduce risk, say buy-side representatives – who add they would consider joining
Risk Europe: S&P slammed for linking Greece, Portugal downgrades to ESM
Eurozone bail-out vehicle doesn't hurt existing bondholders, EC official argues
RBS appoints Sherry Liu as China CEO
RBS names Sherry Liu as China chairman and chief executive officer, in a bid to bolster its business in the country.
RBS to launch UK small-cap ETN and ETF
RBS will list a collateralised ETN based on small-cap indexes in Frankfurt and an uncollateralised version in London. An ETF on the same underlying is also planned
Risk Europe: Expanding the scope of Emir needs careful consideration, says Pearson
A Council of the European Union proposal to expand the scope of new European market infrastructure regulation to include exchange-traded derivatives should be carefully thought through, says the EC’s Patrick Pearson
Risk Europe: Roles of ESRB and ECB could conflict, says Belgium's Reynders
Europe's new systemic risk watchdog could clash with the ECB - but the ESRB's powers may need to be expanded, says Belgian finance minister, Didier Reynders
Widespread unease over planned position limits rules
Reservations remain among firms involved in commodity trading about a new position limits regime that could be implemented under the Dodd-Frank Wall Street Reform Act, while support continues from anti-speculation campaigners
Position limits deluge continues
Group bombards CFTC with comments on Dodd-Frank position limits; final rule delay expected; quantity unlikely to trump quality says expert
Risk Europe: Tweaks to Basel III will raise deadline pressure for banks
Changes to the detail of Basel III will make timely implementation a challenge, say attendees at Risk Europe
Fresh Fields for SG
Fresh Fields for SG
Fab news for Tikehau
Fab news for Tikehau
Esma nabs FSA director
Esma nabs FSA director
UBS loses co-head of global fixed income
UBS loses co-head of global fixed income