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EU members reach understanding on cross-border stability
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Bear bankers face charges over hedge fund losses
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CEBS out with liquidity risk CP part two
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Basel Committee consults on liquidity risk management and supervision
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Basel Committee drafts liquidity risk principles
The Basel Committee on Banking Supervision today issued for public comment enhanced global Principles for Sound Liquidity Risk Management and Supervision , with a July 29 deadline for responses.
AIG replaces CEO after subprime losses mount
US insurance firm American International Group (AIG) has replaced its chief executive officer, Martin Sullivan, after reporting billions in losses caused by turbulent credit market conditions.
Axa Asia Life names regional chief actuary and risk head
Axa Asia Life has promoted Mark Stamper to the position of regional chief actuary and head of regional strategic finance, a Hong Kong-based role incorporating the duties of regional chief risk officer.
FSA introduces short seller disclosure regime
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SEC formally proposes credit rating agency conduct rule reforms
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Centre of excellence on financial regulation to be launched
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Trayport to offer Nymex access
Trading software company Trayport is to offer access to New York Mercantile Exchange products through its Trading Gateway System from July
Lehman removes president and CFO as share plunge continues
Troubled Wall Street firm Lehman Brothers, still reeling from the announcement that it expects to report a $2.8 billion loss for the second quarter, its first quarterly loss since going public 14 years ago, has relieved two senior managers of their…
BBA favours colleges of supervisors
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FSA chairman gets tough on liquidity issues
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Analysts see oil prices topping around $145/bbl
After rising an unprecedented $11 a barrel on Friday to reach a record high of $139.12/bbl, New York crude futures were seen to consolidate before rising again. However some analysts believe a cap on prices exists around the $145/bbl level
EDF Trading’s Nordic office commences business
EDF Trading, the subsidiary of EDF responsible for wholesale energy market activity, announces the opening of its Nordic office in Oslo, Norway
New Iosco chief confirmed
Michel Prada, president of the Autorité des Marchés Financiers - the French regulator - has stepped down from his additional role as chairman of the technical committee for the Madrid-based International Organisation of Securities Commissions (Iosco).