News
APRA releases risk requirements for general insurers
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FSA urges firms to meet December deadline for TCF
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Ex-Goldman Sachs vice-chairman to lead hedge funds standards group
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BIS chief points to central banks and warns of inflation risk
As the Bank for International Settlements released its annual report today, general manager Malcolm Knight warned that central banks faced a difficult struggle to deal with rising inflation.
Chinese regulator slams banks over leveraged products
China could clamp down still further on its derivatives markets unless banks start selling more cautiously, a senior regulator has warned.
Wilson takes over as Dresdner's risk chief
Thomas Wilson has succeeded Otto Steinmetz as chief risk officer of Dresdner Bank in Frankfurt, after Steinmetz retired earlier this month.
Bankers' incentives blamed for crisis
In the wake of the credit crisis, senior bankers and regulators are considering changes to incentive programmes, which might have encouraged traders to make short-term bets without considering long-term risks.
Investors caught short by auction rate meltdown
Investors badly misjudged the risks posed by auction rate securities (ARS), and the willingness of dealers to keep supporting the market in the event of a liquidity drought, a new report has shown.
CEBS consults on diversification benefits of internal models
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US Fed issues standardised approaches NPR
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Barclays launches carbon investor note
Barclays Bank has launched an exchange traded note offering investors exposure to the global carbon price.
Fitch pulls coverage of monolines
New York credit rating agency Fitch Ratings has withdrawn coverage of the troubled monoline insurers Ambac and MBIA after they refused to continue co-operating with its analysts.
FDIC approves Basel II standardised approach
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Draft report outlines future EU regulatory structure
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BIS chief executive will quit in September
Malcolm Knight, general manager and chief executive of the Bank for International Settlements (BIS), will step down at the end of September, ahead of his planned departure in June 2009.
Small US banks free to pursue Basel II standardised approaches
The Federal Reserve has announced it will permit smaller US financial institutions to implement the standardised approach for Basel II compliance, acknowledging misgivings raised by banks over previous proposals.
Carbon credit rating services launched
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“Operation Malicious Mortgage” needed to protect Americans
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Mifid a failure say some traders
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Hong Kong to launch new commodities exchange
Hong Kong is to launch a new exchange offering energy and commodity products in a bid to capitalize on the boom in Chinese demand for raw materials.
globalCOAL futures set for September launch
Electronic coal marketplace provider globalCOAL will launch its financially settled Newcastle coal futures contracts on ICE Futures Europe on September 5.