Kevin Lomax, who has stepped down as chief executive of Misys, could still be a potential bidder for the group, says the Daily Telegraph .
Misys announced Lomax's departure as it warned annual earnings would fall this year.
Misys ended the takeover process on Friday after it became clear no offer was forthcoming from Lomax's backers, Permira and General Atlantic.
But insiders suggest yesterday's share price fall could encourage venture capitalists to return and Lomax would be willing to team up with them, reports the paper.
An associate of Lomax said: "He's still got 7.4m shares so he is as interested as anyone else in creating shareholder value."
THE CITY watchdog yesterday threatened to force insurance brokers to disclose their commissions after accusing them of failing to find a solution to conflicts of interest, reports the Times.
John Tiner, the chief executive of the Financial Services Authority, said the regulator would take a “more objective and forensic look at the possibility of mandating commission disclosure”.
He said the investigation would start next year, adding: “Because of the diametrically opposed incentives of both sides, it is increasingly apparent that an industry-led solution is light years away.”
THE JAILED former chief financial officer of Enron was yesterday reported to have told plaintiffs' lawyers verbal assurances he gave to the group's banks, including Royal Bank of Scotland, "were considered guarantees that the banks' equity investments would be repaid", says the Scotsman.
The claim of comments made by Andrew Fastow to lawyers was made in the New York Times against a backdrop of lawyers having already won settlements for $7.3bn (£3.9bn) of the $40bn investors claim they lost in Enron's collapse.
An RBS spokesman said: "We have a strong legal and factual case against the claims and will continue to robustly defend against them."
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