The incoming chief executive of the Financial Services Authority has warned a number of banks and other financial institutions operating in the UK that they may not have done enough to protect themselves and their investors from an inevitable downturn in the credit markets, the Times reports.
Hector Sants, who takes over from outgoing FSA chief John Tiner today, said a number of institutions need to take steps to improve their internal risk systems. THE US SECURITIES AND EXCHANGE COMMISSION...
First of a number of acquisitions
The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.
West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.
Employers need to do more to inform employees unaware of auto-enrolment Scottish Widows research shows.
Naomi Osinnowo asks what needs to be done to get people to engage with retirement planning.
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CETV could be delayed too
4% said ESG mattered "a lot"
Costly DB scheme regulations can result in abuses of equitable relations among stakeholders, say Iain Clacher and Con Keating.
Enhances portfolio valuations