News
Bonuses fail to match expectations
Bonus speculation is now over as the banks pay out, with the exception of Royal Bank of Scotland, which will not pay bonuses until June.
Greece’s $40 billion bailout an improvement, but issues remain
Markets soothed as firm details of Greek rescue plan are announced, eurozone will provide €30 billion at discounted 5% rate for year forward, analysts less convinced
Recession has silver lining for GRC concept
Ideas about governance, risk and compliance are still evolving, but the downturn has provided a chance to put them into action.
Tokyo carbon scheme: blueprint for Asia?
Tokyo’s recently launched carbon trading scheme could provide a blueprint for similar schemes across Asia, say carbon experts.
Banks call for new consultation on Cebs op risk guidelines
British Bankers Association submits response to consultation and hearing
Cebs issues guidelines on capital adequacy of cross-border banks
Regulator seeks consistent approach to capital requirements across the European Union.
UK Parliament set to pass bribery bill
The UK Bribery Bill will be passed imminently, bringing the country into compliance with OECD anti-corruption guidance.
FSA fines Credit Suisse and two others £4.2m for transaction reporting failures
Inadequate reporting systems and controls to prevent market abuse leads to £4.2m fines for three London firms.
US energy secretary says clear clean energy signal needed
US energy secretary Steven Chu joined industry figures in underlining the need for a clear legislative signal to encourage investment in clean energy and emissions reductions technology at a Washington, DC conference this week.
Clearing exemption too close to call
Exempting commercial hedgers from mandatory clearing could create a loophole for the institutional investors often blamed for driving up commodity prices, according to the chief lawyer for the Commodity Futures Trading Commission (CFTC).
Estonian bidding area paves the way for integration of Baltic power markets
Nordic power market Nord Pool Spot has introduced a bidding area to connect Estonia to the Nordic region, as part of the exchange’s plans to further integrate the Baltic power market.
US regulators release inter-agency liquidity risk guidance
Inter-agency funding guidance from US federal banking agencies seeks to learn lessons from the liquidity crisis.