News
Agencies feel the hot breath of regulators as reform bill clears Congress
The new rules aim to increase the oversight of rating agencies by the SEC and open up the industry to more competition by making it easier for agencies to gain SEC recognition
CDS volumes hit new record ... but processing backlog spikes back up
UK regulator, the FSA, talks tough on the backward step in CDS processing that has resulted in unconfirmed trades rising to 20,000 from 16,000
Delinquencies on RMBS give investors a headache
Rising levels of defaults on UK mortgages and credit card debts are forcing rating agencies to take a hard look at residential mortgage-backed securities and other securitisations
FTSE/Xinhua Index to appeal court ruling
A Shanghai court ruled on October 31 that FTSE/Xinhua Index, a provider of China equity indexes, had breached its contract with a subsidiary of the Shanghai Stock Exchange by using its data to compile a Chinese A-share index to trade futures contracts in…
Lenders are facing great and unnecessary risk
REGULATORY UPDATE