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Firms risk breaking Mifid outsourcing requirements
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Yukos lawyers granted Chevron order
Lawyers for Mikhail Khodorkovsky, former CEO of Russian oil company Yukos, have announced that a US magistrate has granted them access to Yukos-related due diligence documents held by US oil company Chevron.
Big business responds to Australia’s carbon proposals
A report launched today by the Australian Business and Climate Group (ABCG) has highlighted that plans for an Australian emissions trading scheme (ETS) will not, on their own, be a sufficient response to meet future emissions targets.
Subprime crisis forces carry trade unwinds
Recent turmoil in the credit markets caused by US subprime mortgage woes has spread to the foreign exchange market, with abrupt adjustments in the values of currencies indicating that some investors have been unwinding carry trade positions over the past…
S&P president departs as criticism of rating agencies continues
Kathleen Corbet, the president of rating agency Standard & Poor's, has resigned.
RBS adds Nordea trio in financing and risk solutions
Royal Bank of Scotland (RBS) has added three staff from Stockholm-based Nordea to its financing and risk solutions team.
Judge overturns Enron distressed debt ruling
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UK pensions still exposed to volatile equities
Many UK pension schemes still face pension deficit volatility as a result of mismatches between assets and liabilities, according to a report by Mercer Human Resource Consulting.
Subprime crisis "worse than 1998", says S&P
The continuing crisis in US subprime mortgages could be worse for the market than the 1998 Russian default, according to rating agency Standard & Poor's.
Layoffs at RBS herald tough times for CDO bankers
Royal Bank of Scotland has laid off a quarter of its New York collateralised debt obligation team, following the departure of Rick Caplan, the bank's co-head of CDOs, earlier this month, in what could be the first of a wave of cuts in the structured…
Rating agencies assess money markets
In two conference calls last week, Fitch Ratings and Moody’s sought to capture the effect of the commercial paper (CP) market's lack of liquidity on the wider banking outlook.
Patriot Act due diligence rules finalised
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