News
Goldman goes for Green
Investment bank Goldman Sachs has joined the Green Exchange as a "founding member," the exchange announced today.
UK financial sector feels pain of credit crisis
The UK financial industry will shed more jobs in the months ahead as the economic crisis deepens, and its effects have already cut bonuses and salaries sharply.
UBS to write down $5.9bn auction rate securities book
UBS plans to mark down more than 85% of its auction rate securities (ARS) paper, as the paralysis of the market continues into a third month.
Wheels fall off LiquidityHub
London-based liquidity aggregation platform LiquidityHub stopped operating last week, having endured a lack of market interest in the face of the credit crunch.
US reforms mean more bailouts and centralised power
Plans to reform US financial services oversight will open the way for more bailouts of financial companies and more centralised regulation.
HKEx names new head of risk management
Hong Kong Exchanges and Clearing (HKEx) has appointed Kevin King as head of risk management, effective today. He replaces Stewart Shing, who was previously acting head of risk management and head of clearing, a position he retains.
Isda submits industry goals to New York Fed
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FSA to have new market abuse powers
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Huey Evans joins Barclays
Gay Huey Evans has been appointed Barclays’ new vice-chairman of investment banking and investment management (IBIM). She takes up this newly created role in mid-April, and will focus on developing and managing relationships with sovereign funds.
Iosco blames widespread credulity for credit crisis
Investors trusted credit ratings agencies too much, and the agencies themselves were too trusting of their clients, according to a white paper out this week from the International Organisation of Securities Commissions (Iosco).
Monolines - the nuclear option
XL Capital Assurance and Financial Guaranty Insurance Company (FGIC) face legal action by three banks after cancelling insurance contracts they had written on asset-backed securities transactions.
Europe’s op risk regulators to address current climate
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Iosco proposes changes to rating agencies’ code of conduct
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Banks sued over ARS lockdown
Morgan Stanley, UBS, Merrill Lynch and Deutsche Bank have been named as defendants in the first wave of legal action by investors left holding illiquid auction rate securities (ARS).
Icap expands property derivatives business into Asia-Pacific
Icap has expanded its property derivatives business into the Asia-Pacific region. The new office will be headed by George Dranganoudis in Singapore, who has held senior roles at the UK-based interdealer broker in Asia and Europe in the past decade.
Lord Eatwell to speak on risk and regulation
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FSA admits Northern Rock failures and launches reforms
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Insurers show mixed reaction towards ERM
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Bank of Russia and ECB announce joint banking supervision initiative
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City bonus system: an operational risk?
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