News
Monolines - the nuclear option
XL Capital Assurance and Financial Guaranty Insurance Company (FGIC) face legal action by three banks after cancelling insurance contracts they had written on asset-backed securities transactions.
Europe’s op risk regulators to address current climate
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Iosco proposes changes to rating agencies’ code of conduct
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Banks sued over ARS lockdown
Morgan Stanley, UBS, Merrill Lynch and Deutsche Bank have been named as defendants in the first wave of legal action by investors left holding illiquid auction rate securities (ARS).
Icap expands property derivatives business into Asia-Pacific
Icap has expanded its property derivatives business into the Asia-Pacific region. The new office will be headed by George Dranganoudis in Singapore, who has held senior roles at the UK-based interdealer broker in Asia and Europe in the past decade.
Lord Eatwell to speak on risk and regulation
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FSA admits Northern Rock failures and launches reforms
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Insurers show mixed reaction towards ERM
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Bank of Russia and ECB announce joint banking supervision initiative
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City bonus system: an operational risk?
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Business continuity planning booklet released by FFIEC
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HSBC names new Singapore head of global markets
HSBC has promoted Amit Gupta to head of global markets in Singapore from his previous role as head of sales for global markets, with effect from April 1. He succeeds John McGowan, who will retire in June.
JP Morgan raises Bear Stearns offer to $1.18 billion after shareholder unrest
JP Morgan has raised its proposed purchase offer for Bear Stearns to $10 a share in a move designed to assuage the anger of Bear shareholders incensed by JP’s initial offer of just $2 a share.
FSA releases discussion paper on transparency
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Briault leaves FSA
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FSA’s stern warning to rogue traders
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