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	<title>Global Risk News</title>
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	<description>News and information on risk associated with finance</description>
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		<title>Banking: Sector locks the stable door after the horse has bolted</title>
		<description><![CDATA[In the maelstrom of the financial upheaval, banks suffered a battering not just to their balance sheets but to reputations. The mix of accusations – of excessive risk-taking, inflated rewards and poor controls – added to government bail-out billions and hostile public opinion forced banks to take decisive action. At Freddie Mac and Fannie Mae, [...]]]></description>
		<link>http://globalrisknews.com/?p=161</link>
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		<title>Euro risk overstimated, ECB should do more</title>
		<description><![CDATA[The markets are exaggerating the euro zone&#8217;s risks, but the European Central Bank needs to do more to show its commitment to financial stability, Fitch&#8217;s head of sovereign ratings said on Saturday. &#8220;We think the concerns about fiscal solvency, with the exception of Greece, in Europe are overplayed,&#8221; David Riley told a panel on sovereign [...]]]></description>
		<link>http://globalrisknews.com/?p=159</link>
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		<title>FSA Scrapped, Bank Stress, UBS Accounts: Compliance</title>
		<description><![CDATA[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. Legislation to [...]]]></description>
		<link>http://globalrisknews.com/?p=158</link>
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		<title>NDIC slams universal banking, says inherent risks were not considered</title>
		<description><![CDATA[Nigeria Deposit Insurance Corporation (NDIC), at the weekend, slammed the universal banking system, saying that its introduction was not followed by serious thoughts of the risks inherent in the operations of financial supermarkets and the need to mitigate them appropriately. The Acting Managing Director of the corporation, Mallam Umaru Ibrahim, said this in Ogun State, [...]]]></description>
		<link>http://globalrisknews.com/?p=155</link>
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		<title>Funds struggle for control in China</title>
		<description><![CDATA[While there has been no let-up in the steady stream of western investment companies queuing to launch in China, firms considering the move have been warned that doing business in the country is far from simple. Companies operating there are being frustrated by an inability to control their local joint venture businesses, leading to strained [...]]]></description>
		<link>http://globalrisknews.com/?p=152</link>
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		<title>Future of Risk Management in Indian Banking Industry</title>
		<description><![CDATA[The Indian Economy is booming on the back of strong economic policies and a healthy regulatory regime. The effects of this are far-reaching and have the potential to ultimately achieve the high growth rates that the country is yearning for. The banking system lies at the nucleus of a country&#8217;s development robust reforms are needed [...]]]></description>
		<link>http://globalrisknews.com/?p=153</link>
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		<title>Best risk management practices with bankers stressed</title>
		<description><![CDATA[IFC, a member of the World Bank Group, is helping members of Bangladesh&#8217;s financial sector better manage risks by sharing industry best practices on risk management and non-performing loans. Sound management of risks and effective governance are critical to the success of banks. Source]]></description>
		<link>http://globalrisknews.com/?p=142</link>
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		<title>Fund managers focus on collateral</title>
		<description><![CDATA[Until recently, the risk of a counterparty failure was close to the last thing on fund managers’ minds. Instead, the complex investment risks in managing derivatives exposures were a far higher priority. That is now changing, as managers focus on what and how much they take as collateral, and how they manage it. Collateralisation, where [...]]]></description>
		<link>http://globalrisknews.com/?p=150</link>
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		<title>Banks Have Billions at Stake as Rulemaking Heads to Agencies</title>
		<description><![CDATA[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. If the bill passes in roughly the form being negotiated by House and Senate lawmakers, regulators will be directed to write hundreds of new rules, [...]]]></description>
		<link>http://globalrisknews.com/?p=141</link>
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		<title>Most big banks not even paying lip service to risk-based pay</title>
		<description><![CDATA[Last October the Federal Reserve issued proposed guidance to banks on the structure of bank pay. The reason for the guidance was the need for banks to change pay so it would no longer encourage the excessive risk taking that led to the financial crisis. In proposing the guidance, the Fed asked banks to immediately [...]]]></description>
		<link>http://globalrisknews.com/?p=143</link>
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