News
Mortage company chair convicted on 14 counts of fraud
Sigtarp says: "This is the most significant criminal prosecution to date rising out of the financial crisis"
Sentences handed down in Omni fraud case
Delroy Davy convicted of bank fraud, sentenced to 14 years in prison
SEC charges three execs in California with boiler room fraud
mUrgent Corporation and three of its executives charged with $10 million fraud
UBS ordered to pay $160 million in fines by SEC
Swiss bank charged with undermining the competitive bid process of municipal securities
British banks ring-fence more than £5 billion for PPI compensation payouts
Banks will not appeal decision of judicial review regarding complaints against them and have set money aside for settlements
Worry about Greek CDS misguided, dealers suggest
Dealers believe fears about Greek sovereign CDS trigger event are overplayed
Dodd questions restricting collateral to cash
Co-author of the Dodd-Frank Act shares concerns of energy companies that wish to post non-cash collateral to meet new requirements
SEC appoints director for national broker-dealer examination programme
Will oversee a staff of about 300 responsible for the inspections of US-based broker-dealers
Poulos joins Citi as global head of business continuity
Says crisis management is 'vital' part of new role
Surprise choice for Dutch central bank chief
De Nederlandsche Bank announces Klaas Knot as next president, while previous favourite Lex Hoogduin decides to leave central bank
CFTC rule-making narrows field in repository race
CLS decides not to pitch to become a foreign exchange repository provider after CFTC rule-making demands extra granularity and timeliness in data reporting
SEC appoints new RiskFin director
Craig Lewis to lead the SEC’s risk ‘think tank’
MAS confirms finance minister as new chairman
The Monetary Authority of Singapore names Shanmugaratnam as part of ongoing management reshuffle
Firms could face Bribery Act prosecution over FCPA compliance
UK regulators could use documentation provided to US counterparts as evidence of facilitation payments
Hong Kong seeks to create ‘fixing’ rate for offshore renminbi; move will bolster derivatives market
Hong Kong's efforts to create an offshore renminbi fixing rate are viewed as strategically important for the development of the offshore renminbi, with such a benchmark essential for the growth of CNH derivatives, say market experts
HKEx secondary market facility needs to withstand extreme offshore CNY liquidity crunch
HKEx says its proposed renminbi secondary market liquidity support mechanism for renminbi listed stocks is undergoing stress tests to ensure the facility is sizeable enough to support the healthy development of an offshore renminbi equities market in…
First-quarter dip in gold ETFs, World Gold Council
Exchange-traded funds and similar products that track the price of gold saw net outflows of 56 tonnes ($2.5bn) during the first quarter of the year, according to a World Gold Council report
ETF players plan association to counter regulatory concerns
Lyxor and Deutsche Bank invite other European ETF providers to join a conference call next week to discuss the setting up of a new industry body
AIB refunds €8 million to ATM customers
Billing errors have caused Allied Irish Bank to rethink its ATM anti-fraud strategy
EU support for naked CDS sets up collision with Parliament
Draft text would allow uncovered CDS but sketches out new reporting regime that could spook hedge funds
FTSE launches sharia index that is physically backed by industrial metals
Providing the security and reassurance of physical asset ownership, FTSE's Physical Industrial Metals index series allows investors to hedge against future supply constraints
Senegal $500m 10-year bond spread tightening shows appeal of Africa debt
Yield on new 2021 Senegal bond tightens over 100bp after issue; investors suggest there is room for further tightening
Renaissance Capital hires new equity derivatives head
Leonard Ellis to lead firm’s effort in US equity derivatives market
Rajaratnam: 'The Wire' meets Wall Street
OR&R speaks to lawyers on both sides of the Atlantic to divine the implications of the largest insider-trading conviction of all time