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BIS outlines 'narrow path ahead' in annual report
Daily news headlines
Madoff sentenced to 150 years as investigations into feeder funds continue
Bernard Madoff was sentenced to 150 years in prison in the Manhattan federal court yesterday.
Eurozone dips into deflation, but high inflation still a risk
Inflation in the eurozone turned negative in June for the first time since the single currency was set up in 1999, but rising commodity prices are likely to push inflation back up soon across the world, some analysts believe.
New chairman for BP
BP has announced that Carl-Henric Svanberg, the current chief executive officer of the Swedish telecommunications company Ericsson, will replace Peter Sutherland as the firm's chairman.
Fannie Mae chief executive appointed to US Treasury
Herbert Allison, who until recently was president and chief executive of Fannie Mae, has joined the US Treasury as assistant secretary for financial stability.
Neave leaves Keydata to lead new SP business at Arbuthnot
Adrian Neave, corporate development manager at Keydata has left the newly insolvent UK structured products distributor to join the Arbuthnot Banking Group, to lead the launch of a new structured products distribution business.
Q&A: Osfi chief champions Canada's regulatory framework
Julie Dickson, superintendent at the Office of the Superintendent of Financial Institutions (Osfi) in Canada, talks exclusively to Risk about how Canada's regulatory framework has helped institutions weather the financial crisis, and shares her views on…
US regulatory reforms will target the big players
The Obama administration’s proposals on regulatory reform make it clear that, in future, size will matter to the regulation of US financial firms.
New global head of structuring at Deutsche Bank
The former emerging markets head at Credit Suisse, Ram Nayak, has joined Deutsche Bank as global head of structuring.
Nayak takes up global structuring at Deutsche Bank
Ram Nayak has been appointed head of global markets structuring at Deutsche Bank, taking responsibility for Deutsche's multi-asset class structuring capabilities across product and coverage businesses. Nayak will take over some of the responsibilities of…
Obama reform plans show no progress on OTC derivatives clearing
The Obama administration's much-hyped regulatory reform proposals disappointed over-the-counter derivatives dealers and end users yesterday by again failing to provide new details on how OTC markets with mandatory central clearing would operate.
Lukken leaves CFTC for NYSE Euronext
Walter Lukken, a commissioner and former chairman of the US Commodity Futures Trading Commission (CFTC), will leave the regulator on July 10.
Waxman-Markey early action provisions criticized as unclear
Industry commentators have spoken out about the provisions for early adoption of carbon emission reduction strategies in the cap-and-trade legislation currently going through the US House of Representatives.
Deutsche hires new equity derivatives head
Deutsche Bank Securities has appointed Dushyant Chadha as head of equity derivatives in North America, within the bank's global markets division.
US Fed's director of banking supervision to retire
Roger Cole, the director of banking supervision and regulation at the Federal Reserve Board of Governors, will retire on August 1 after 30 years at the regulator.
Basel Committee extends membership to G-20
Daily news headlines
Peter Bernstein dies aged 90
US economist and financial historian Peter Bernstein, a well-known promulgator of the efficient market theory, died on June 5.
US banks keep a close eye on compliance
Daily news headlines
Essent Trading CEO resigns
Paymon Aliabadi, managing director and chief executive of Essent Trading, has resigned.