News
Sifma members lose confidence in risk capabilities
A declining number, falling below 5%, of Sifma member firms are comfortable with their risk management capabilities, according to an updated survey of 240 Wall Street participants conducted by IBM, issued at the Sifma Financial Services Technology Expo…
BIS steps up pressure to end financial sector support
Emergency measures brought in during the crisis are now doing more harm than good, annual report says
McKinnon & Clarke’s purchase of Encore signals M&A trend
The takeover of the risk management firm signals a potential trend for further consolidation in the energy services sector
Concerns grow on correlation of derivatives collateral
Sovereign debt crisis raises fears about correlation of derivative collateral denominated in domestic currencies
Central banks’ holdings of US agency debt rise on dollar demand
Fed data show official-sector holdings of US agency securities rose for a 12th straight week; auction for seven-year US Treasury bills displayed growing demand for dollar denominated assets
$19 billion risk levy will fund US financial reform
Risk-based charge will cover cost of reform bill passed today
FDIC will apply lower deposit limits to products in circulation
If the US congress votes to lower the deposit insurance limit to $100,000, then that figure will count for products currently in circulation, says the FDIC
FDIC plans to continue proposals linking pay structures to banks’ deposit insurance
The Federal Deposit Insurance Corp says its plan to link banks’ compensation arrangements with premiums is “complementary” to supervisory guidance issued jointly by regulators
