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BBA publishes conclusions on Basel II Pillar III
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Romanian wind farm to be largest in Europe
European utility giant CEZ Group has bought two adjacent wind farms in Romania from Eastern European renewables developer Continental Wind Partners (CWP).
FSB raises concerns about South African hedge funds
In its efforts to licence the country's hedge fund managers, the South African Financial Services Board (FSB) has found problems with mandate compliance, levels of professional indemnity cover and the use of external business partners.
Slowing economy hits inflation markets
Poor economic prospects and falling commodity prices have changed the face of inflation markets around the world, easing the shortages that constricted them earlier this year.
Dow Jones Indexes expands into carbon
Index provider Dow Jones Indexes, in partnership with the Chicago Climate Exchange (CCX), has launched two carbon indexes, with a view to further expanding into other gases and regions.
FSA proposes Payment Services Directive handbook changes
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FDIC issues liquidity guidance and encourages contingency funding
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SEC heads for IFRS acceptance by 2014
The US Securities and Exchange Commission (SEC) aims to bring international financial reporting standards (IFRS) into use in the US within the next six years.
Meagre $5bn profit for US commercial banks, says FDIC
Federally insured US banks posted total profits of just $5 billion for the second quarter of 2008, an 87% drop on the $31.8 billion earned over the same period in 2007 and the second-worst earnings results since 1991.
Fannie flushes out CRO and CFO, but Mudd sticks
Fannie Mae has made several leadership changes aimed at improving capital management and reducing credit losses.
FGIC in MBIA reinsurance deal
Financial Guaranty Insurance Company (FGIC), the New York-based monoline insurer, has signed a reinsurance deal with MBIA, the Armonk, New York-based monoline. The deal, which sees MBIA reinsure $184 billion of municipal bonds, was overseen by the New…
MF Global establishes nuclear trading desk
Broker MF Global has set up its first nuclear fuel trading desk. Based in London, the new desk will provide the primary nuclear fuel market with a forum for the sale and purchase of physical uranium oxides, as well as a suite of uranium price hedging and…
Short sales climb in wake of SEC injunction lapse
The latest market data shows the Securities and Exchange Commission’s recent emergency order to prohibit naked short selling has curbed overall short-selling activity, despite mixed messages from other market barometers.
eBay customer buys one million account details for £35
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Dow Jones and CCX launch emissions indexes
Index provider Dow Jones Indexes and Chicago Climate Exchange (CCX), have launched two new carbon credit price indexes.
Banks' latest ARS settlement falls short
Merrill Lynch has agreed a $7 billion settlement with its auction rate securities (ARS) customers, but the deal leaves the larger purchasers uncovered, as did a similar settlement at Goldman Sachs.
Canadian ABCP restructuring faces last hurdle
Efforts to restructure C$32 billion ($30.6 billion) of Canadian asset-backed commercial paper (ABCP) moved closer to a resolution on August 18, when the Ontario Court of Appeal unanimously dismissed the claims of a group of corporate investors that…
Lone Star to buy KfW’s stake in troubled IKB
A conclusion was reached last week for one of Germany’s recent banking crises as Texas-based private equity firm Lone Star agreed to purchase KfW Bankengruppe’s (KfW) stake in struggling IKB.
FSA issues ‘Dear CEO’ letter on valuation and product control
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SEPA clarification welcomed
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