Commission Bancaire
Carlos Tavares replaces Eddy Wymeersch as chair of Cesr
Spanish regulator to succeed Eddy Wymeersch in August, but might only serve until January, when Cesr becomes Esma.
SG moves on from Kerviel
Société Générale was sent reeling after revelations of a EUR4.9 billion rogue trading loss in January. Glaring weaknesses in the control processes were identified in an internal report, and the bank has started to take steps to address the issues. Nick…
French securitisation ruling likely to be delayed further
The French banking regulator ruling to change the capital risk weighting system on securitisations continues to cause confusion, with market commentators stating that a final decision may be delayed until September.
French securitisation ruling likely to be delayed further
The French banking regulator ruling to change the capital risk weighting system on securitisations continues to cause confusion, with market commentators stating that a final decision may be delayed until September.
Running out of time
Will banking supervisors be able to implement Basel II in time? Even when they agree on what they want, the differences between the G-10’s regulatory regimes make a level playing field unlikely.