News
FSA worried over excessive EU rules while firm on proportionate solution for hedge fund pay
UK regulator worried heavy handed rules will drive hedge funds out of Europe, depriving supervisors of information on their European activities
Bank of America launches derivatives clearing
BAML is following in the footsteps of Goldman Sachs by publicising its new business
BIS must fix data gaps: Bank of England paper
Bank of England paper identifies specific information gaps in cross-border banking statistics published by Bank for International Settlements; improvements thought to be under way
Basel III proposals could put off bond investors
Regulations to increase loss absorbency across the capital structure could deter bond investors from purchasing bank debt, analysts said at CreditSights’ annual conference yesterday.
People moves in the op risk industry
Changing Hats
UK restructure could create scary superpower
UK restructure could create scary superpower
Bribery Act raises corporate liability questions
Bribery Act raises corporate liability questions
IIF: Pay rates too biased towards front office
IIF: Pay rates too biased towards front office
French banks fined for collusion in setting processing fees
French banks fined for collusion in setting processing fees
Brokerage firm penalised for illicit high-frequency trading
Brokerage firm penalised for illicit high-frequency trading
New Jersey adviser charged with multimillion-dollar fraud
New Jersey adviser charged with multimillion-dollar fraud
US SEC and Citigroup defend $75 million subprime settlement
US SEC and Citigroup defend $75 million subprime settlement
UK FSA hits Goldman Sachs with £17.5 million reporting fine
UK FSA hits Goldman Sachs with £17.5 million reporting fine
Basel III 'sub-optimal' says EU think tank
Ceps says regulators went soft as a result of industry pressure
Vatican bank executives in money-laundering probe
Italian authorities are investigating IOR president Ettore Gotti Tedeschi over account irregularities
Expect double-dip, not inflation, says CreditSights' Purtle
Chief strategist at CreditSights Louise Purtle warns that global deleveraging makes double-dip recession more likely than inflation.
EU rules changes may cause power market liquidity risk
Power market risk managers face a new set of liquidity and market risks if the European Union (EU) enforces proposed regulation changes, says RWE chief
Industry expresses concern over timing of Basel trading book review
Plans to overhaul the Basel trading book in 2011 have raised concerns about implementation targets
Ferma and ECIIA launch guidance on EU company law directive
Independent mentality is essential as EU broadens the role of audit committees
Indian electricity market ‘not ready’ for derivatives
Indian electricity market ‘not ready’ for derivatives
Uncertainty over future of UK nuclear regulation
Uncertainty over future of UK nuclear regulation
EU bolstering Club Med to fend off second banking crisis
EU help for Club Med nations is designed to give European banks enough time to minimise exposure to the region prior to debt restructurings, said analysts at a Fitch Ratings conference.
Prop trading restrictions already hurting liquidity, say investors
Restrictions on bank proprietary trading have caused liquidity to fall in both the cash and derivatives markets, forcing buy-side participants to adopt alternative investment strategies