Fraud is evolving, with influences spanning technical sophistication through to turmoil and crisis. Most recently, the Covid-19 pandemic has thrown an additional spanner in the works. As the drivers behind these activities are becoming more varied, the…
Specialists tout service for monitoring third parties amid tougher rules on outsourcing risk
Forty-eight lenders have more than three-quarters of sovereign risk allocated to home country
Italian banks saw the largest capital depletion, losing €9 billion (8.9%) of CET1 capital on the transition
Lack of commonality in rogue traders adds to the risk banks face from within
The SFO has begun its prosecution of Achilleas Kallakis and Alexander Williams, who are charged with defrauding and incurring losses of £60 million for Allied Irish Banks and Bank of Scotland
Subordinated bondholders in Allied Irish Bank are faced with an unappealing dilemma: accept a coercive exchange offer that could see some lose up to 90% of their investments or refuse, and take the matter to the courts. But with the Irish government…
Billing errors have caused Allied Irish Bank to rethink its ATM anti-fraud strategy
Debt protection costs continued to decline across most of Europe, but Ireland and Portugal are moving in the opposite direction
Debt protection costs on eurozone peripherals declined again, while fears of Egyptian unrest remain
The cost of swaps protecting against a state default of eurozone peripheral states continued to decline today.
Debt protection costs on eurozone sovereigns fall while Irish financials enjoy mixed day
Credit default swaps on the troubled Irish bank widen by four percentage points
Mixed fortunes in CDS market as Spain and Italy see successful bond auctions
In the wake of Portugal’s successful bond auction of almost €1.25 billion yesterday, credit default swaps (CDSs) on eurozone sovereigns continue to trade down
The cost of insuring against Irish and Belgian state defaults reaches unprecedented levels
Swiss National Bank excludes Irish sovereign debt and that of some Irish banks from list of collateral eligible for open market operations
The cost of insuring against a default by the Bank of Ireland rose today, as the Swiss central bank stopped accepting the bonds of Irish banks as collateral
CDS spreads for Irish banks widen over holiday period, while peripheral EU states remain steady
Threat to A1 credit rating of the Portuguese government raises cost of credit default swaps.
The cost of insuring against a default of Ireland's major banks went up today, despite yesterday's aid package agreed by parliament.
Risk perception of German debt continued a week-long rise, on fears of the country's exposure to fellow eurozone members with weaker finances.
The cost of insuring against an Irish government default rose today as Fitch lowered its Ireland rating to BBB+
Debt protection costs on peripheral eurozone nations dropped slightly today after the Irish government voted on austerity measures.