News
Neglecting financial stability was Bank’s biggest mistake: FSA’s Sants
UK Financial Services Authority chief and future Bank of England deputy Hector Sants says neglect of financial stability was Bank's gravest policy error
Lord Turner: FSA break-up unnecessary
Financial Services Authority chairman Adair Turner supports Twin Peaks approach “in theory” but argues benefits could have been achieved without breaking up regulator
Ghost brokers busted by UK Fraud Bureau
UK trio charged with insurance and tax fraud as well as money laundering
Two former Madoff employees arrested and charged with fraud
Madoff employees charged with creating false documents and trades, and misleading investors
IRS drops lawsuit against UBS on US tax evasion
UBS evades prosecution for tax evasion as US IRS drops charges
Hong Kong's SFC hands lifetime ban to jailed asset manager
Hong Kong managing director of Crown Asset Management banned from industry for life
Former Société Générale trader found guilty of HFT code theft
Samarth Agrawal on trial in Manhattan for theft of proprietary computer code from French bank
South Korea regulator to investigate potential 'unfair selling' by Deutsche
Deutsche Bank under scrutiny by the Financial Supervisory Service for alleged unfair selling
Buckingham settles with SEC over charges of information misuse
Capital management firms settle with SEC over failing to prevent misuse of non-public information
Irish CDS up as bailout fails to reassure
CDS spreads on Ireland's sovereign and bank debt remain at elevated levels
Regulatory reform may not be enough to prevent second crisis
A new study warns reform might only be enough to mitigate, not prevent, damage from a new crisis
BarCap's El-Asmar takes on Asia-Pacific distribution as Burke switches to investor solutions
Philippe El-Asmar is taking on a new role at Barclays Capital in Hong Kong, while Kevin Burke is moving to London to fill his shoes.
Karetsos moves to Vanguard for ERM
Global co-head of op risk departs Goldman Sachs for ERM role at Vanguard
UK FSA’s new standardised approach paper not just for TSA firms
New paper from the UK FSA sets out guidelines for TSA operational risk frameworks
FSA defends mobile-taping proposals, continues plans to enforce recording
UK regulator denies planned regulation is unenforceable or prohibitively expensive
FSA consults on remuneration disclosure requirements
New consultancy paper from the UK FSA requires all firms to disclose their remuneration methodology under CRDIII.
Standard Chartered wraps up Korea Air ticket receivables securitisation deal
The ¥40 billion Korean Air Lines securitisation is the largest asset-backed security deal in Asia so far this year.
Sophis acquisition to bring Asian buy-side benefits for Misys
Misys' acquisition of Sophis may create synergies in the Asia region
CFTC commisioners express misgivings over Dodd-Frank rule-making
Senior regulators reveal "concern" over segregation of margin and swap data repositories
Fears about California budget "valid", says state treasurer
Lockyer warns California may miss budget revenue targets
Merkel's EU bailout plan threatens Basel’s sovereign zero risk weights
Discussions are already under way behind closed doors, knock-on effects for bank capital could be substantial
ECB could offer governance concession on T2S
European Central Bank could modify governance arrangements of its settlement platform in a bid to entice sterling to join
Turquoise eyes SOLA power for derivatives
LSE officials say they plan to create and list new derivative products, as well as challenge market share in existing contracts on other exchanges
Irish bailout fails to restore faith in PIIGS debt
CDS spreads on peripheral eurozone debt widen despite €90 billion in aid