Archive for the ‘Regulation and compliance’ Category

FSA Scrapped, Bank Stress, UBS Accounts: Compliance

U.K. Chancellor of the Exchequer George Osborne said he will abolish the Financial Services Authority and give most of its power to the Bank of England, undoing the regulatory system set up by Gordon Brown in 1997, which Osborne blamed for failing to prevent the financial crisis that plunged the nation into recession.

June 21, 2010   Posted in: Banking, Finance, Regulation and compliance  No Comments

Best risk management practices with bankers stressed

IFC, a member of the World Bank Group, is helping members of Bangladesh’s financial sector better manage risks by sharing industry best practices on risk management and non-performing loans.

June 21, 2010   Posted in: Regulation and compliance, Trends  No Comments

Banks Have Billions at Stake as Rulemaking Heads to Agencies

While Congress puts finishing touches on its financial-regulatory overhaul, Wall Street lobbyists are preparing for a new battle out of the public spotlight and inside nearly a dozen federal agencies.

June 21, 2010   Posted in: Banking, Market, Regulation and compliance  No Comments

G20 to discuss proposal on financial risk

Leaders at the G20 summit next week will study a recommendation that they adopt policies to address risk in the global financial system, a Canadian official said on Friday.

March 29, 2009   Posted in: Finance, Regulation and compliance  No Comments

Geithner calls for new risk watchdog

Treasury Secretary Tim Geithner called for new rules Thursday that would allow regulators to police the darkest corners of the financial markets, including big hedge funds and derivatives trading.

March 29, 2009   Posted in: Derivatives, Finance, Regulation and compliance  No Comments

EU executive proposes raft of new financial rules

The European Union’s executive arm proposed a raft of measures on Wednesday to make financial markets and institutions safer for investors.

March 5, 2009   Posted in: Finance, Regulation and compliance  No Comments

US experts clash on who can monitor financial risk

The U.S. Congress needs to create a systemic risk regulator to monitor the safety and soundness of the nation’s entire financial system, corporate governance experts told lawmakers on Wednesday, but they disagreed on who should be given that responsibility.

March 5, 2009   Posted in: Americas, General News, Regulation and compliance  No Comments

A global framework for cooperation among CDS CCP regulators

Representatives from regulatory agencies with direct authority over one or more of the existing or proposed credit-default swap central counterparties (CDS CCP) discussed yesterday possible information sharing arrangements and other methods of cooperation within the regulatory community.

February 20, 2009   Posted in: Regulation and compliance  No Comments

The Global Recession Deepens But Risk Appetite May Hold Out For The US Stimulus Plan

Through the end of this past week, there was a notable rally in the Aussie and Kiwi dollars, a surge in equities and a plunge in the Japanese yen. Is such a broad-based move a sign that risk appetite is returning?

February 7, 2009   Posted in: Finance, General News, Regulation and compliance  No Comments

EU pushes for more control of risky trades

A top European official sent a tough signal Tuesday on financial market regulation, calling for binding rules on trading in certain risky instruments and requirements to settle such transactions through an organization based in Europe.

February 4, 2009   Posted in: General News, Regulation and compliance  No Comments