Operational risk
S&P looks at PD estimation in a Basel II environment
New S&P report states that there is a negative relationship between probability of default and speculative-grade post-default recovery values.
Celent publishes new Mifid impact study
Post-trade reporting and market data provisions will be the first areas affected by Mifid, says Celent.
FSA out with final transposition of Mifid
The FSA has published a Policy Statement and Handbook text that finalises its transposition of Mifid for FSA-regulated firms
FSA’s Waters points to confusion over Mifid and UCITS interplay
Mifid and the UCITS Directive create uncertainty as to their interplay in practice.
JWG-IT and Eukleia Training announce Mifid training initiative
JWG-IT Group and Eukleia Training partner up for new Mifid training initiative.
Microsoft and partners to offer “Mix and Match” Mifid solutions
Microsoft and its partners have launched a new package of solutions to help firms comply with the main challenges of the Markets in Financial Instruments Directive (Mifid).
Quadrant announces S2 Initiative for Solvency II
UK Risk Management House Quadrant Risk Management has announced that it is building S2
Project Boat selects business and technology partners
Project Boat selects Cinnober Financial Technology as technology provider and Markit Group Limited as business partner.
Emerging market debt more 'manageable', according to IIF
New types of securities, particularly derivatives, have contributed to making emerging market debt more “manageable” than ever before, according to the Washington-based Institute of International Finance.
Italian regulator to use CDS data
Interdealer broker GFI has started providing credit default swap (CDS) data to the Commissione Nazionale per le Società e la Borsa, the Italian securities market regulator (Consob)- possibly for market surveillance purposes.
AMF publishes Mifid consultation paper
AMFpublishes consultation document setting out a draft amended Book III of its General Regulation in relation to Investment Service Providers.
FSA warns Mifid could increase market abuse and announces new financial crime division
The UK Financial Services Authority warns that Mifid could make it more difficult to monitor market abuse.
FSA chief to step down
John Tiner, chief executive of the Financial Services Authority (FSA), has announced he will be stepping down this year after six years at the regulator, more than three of them as chief executive.
MiFID Connect releases draft guidelines
MiFID Connect guides you through UK thinking on five MiFID issues.
2007 compliance costs a major worry says survey
Nearly two-thirds of respondents to CBI/PWC questionnaire fear increased spending
Ucits III: a retail challenge or opportunity?
tete à tete: ucits iii
With a bang or a fizzle?
Basel II
Gateway to Europe
Turkey has ambitious plans to open its rapidly-growing gas market up to competition. Yesim Akcollu looks at how realistic these plans are
IIF launches strategic regulatory dialogue
COVER STORY
Debating RCSAs
Four of the industry's top op risk executives debated risk control self-assessments at a recent briefing in London, moderated by Ellen Davis and sponsored by software vendor Reveleus
Banks slam "overly prescriptive" CESR
REGULATORY UPDATE
S&P to set up hedge fund evaluation service
MEASUREMENT