United Kingdom (UK)
UK announces £500 billion bail-out plan
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UK government unveils £50 billion bank recapitalisation plan
The UK government this morning announced a jumbo rescue package to recapitalise the country’s ailing banking sector.
Legal advice
Legal & General is enjoying success in the retail UK market with its capital-guaranteed bond series. However, as signs emerge that customers are looking beyond the FTSE to emerging markets, the company's product offering could diversify away from vanilla…
Linklaters and Wolters Kluwer release new regulatory tool
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Fraud in the UK hits twelve year high
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UK card fraud on the rise
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Batting for British banks
Angela Knight, chairperson of the British Bankers' Association, talks to Nick Kochan about her hard-earned reputation as the scourge of the international regulatory community
Friendly persuasion
Georgina Philippou, one of the heads of the UK Financial Services Authority's enforcement division, tells Nick Kochan that treating customers fairly is at the forefront of principles-based regulation
Basel II will trim riskier mortgages in UK
UK mortgage lenders bracing for Basel II
A call to compliance
Mifid, Basel II, SOX - the pace of regulatory change has increased substantially over the past few years, which has led to the large-scale expansion of compliance departments for financial services firms. But the recruitment market is finding it hard to…
MiFID Connect releases draft guidelines
MiFID Connect guides you through UK thinking on five MiFID issues.
New York Fed picks up on confirmation issue
The New York Federal Reserve Bank will meet regulators and leading banks next month in an attempt to deal with backlogs of unconfirmed credit derivatives trades.
Can research reinvent itself?
The provision of credit research to clients is undergoing sweeping reform, as regulatory concerns grow over potential conflicts of interest and banks reassess the value of giving out freebies. Philip Moore examines what this all adds up to for investors
UK banks unprepared
Many UK banks are still unprepared for the implementation of the new Basel Accord for risk-based capital allocations, according to Chase Cooper, a London-based operational risk and corporate governance solutions provider.
In need of reassurance
The knock-on effects of the crisis in equities has hit the insurance sector particularly hard – so much so that UK regulatory body the FSA has been forced to step in and allow certain insurers to breach mimimum solvency ratios.
Tiner defends insurance margin changes
In a speech today to the Westminster & City Twentieth Anniversary life insurance conference, the Financial Services Authority's John Tiner sought to clarify a letter, released last Friday, that relaxed the solvency regime for UK life assurers.
Regulator urges UK banks to look hard at EU capital proposals
LONDON – UK banks should look hard at a draft text of European Union (EU) capital rules that the European Commission plans to issue around the end of October, the UK’s senior financial regulator said today.
Unresolved Basel II issues include total capital and economic impact, says UK central banker
OXFORD, ENGLAND - The question of what should be the appropriate overall level of protective capital in the world’s banking system remains one of the unresolved issues of the Basel II banking accord, said deputy Bank of England governor David Clementi…