41 articles found within the last year.
Displaying results 1 - 20
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Swedes rewrite directive to remove hedge fund leverage cap
The Swedish Government, holder of the European Union's ... A copy of the Swedes' proposed redrafting, submitted ... Instead, it would empower competent authorities - which ... The Swede's proposal has deleted the passage in ... A source in the hedge fund industry close ... Poul Nyrup Rasmussen, president of the Party of...
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Alternative investors lose locust image
Hedge funds based in Germany look set to ... It is still early days for the new ... Frank Dornseifer, head of legal and policy issues ... Despite their negativity, the Social Democrats jointly sponsored ... Hedge fund certificates – a structured investment wrapper ... The value of alternative investment strategies is underlined...
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Big banks face change in the UK
The UK Financial Services Authority said it will ... Breakups would mean that banks that have retail ... King's views on the issue carry weight because ... Asked about King's comments in Parliament Wednesday, Prime ... The FSA's paper comes partly in response to ... "The cause of the problem is that banks...
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Church Commission urges EU rethink on hedge funds
The Church of England, one of whose commissioners ... A group of six of the UK’s largest ... In a written deputation to the House of ... The House of Lords committee took submissions on ... The Church Commissioners include the Archbishop of York, ... While supporting the EU’s aim to shine a...
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Lessons can be learnt, but banks cannot predict the next crisis
On the day after US President Barack Obama ... In a session that started late because of ... In a speech in New York to mark ... Young said the financial industry was pretty good ... Young said: “Memories fade and companies need to ... Kelly Mathieson, a managing director at JP Morgan,...
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Comment: Why letting Lehman fail was, unfortunately, right
It is one year this weekend since the ... There have been thousands of job losses in ... On Monday Financial News published a counterfactual history ... The problems caused by the Lehman debacle are ... So letting Lehman fail was a move that ... Well, possibly not. There are several reasons why...
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French banks 'likely winners' from regulatory clampdown
A new report has identified French banks as ... BNP Paribas and Société Générale are likely to ... The relatively low exposure of the two banks ... JP Morgan’s report comes weeks after analysts at ... The pressures on French investment banking businesses have ... However JP Morgan wrote in the research that...
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Smithers castigates central bankers
Independent economist Andrew Smithers can always be relied ... He is dismissive of central bankers’ calibre, up ... As a result of their mistakes, the International ... In his newly published book, Wall Street Revalued, ... He said capital requirements should be highest at...
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Comment: Adair Turner wields the tax axe - again
If anyone in authority was ever going to ... Back in the days when he was UK ... To achieve semi-enforced savings, Turner fostered the creation ... In later years, when in charge of a ... Turner has made it crystal clear that over-large ... In a discussion forum hosted by Prospect magazine,...
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UK regulator backs tax on banks
The head of the UK's financial watchdog said ... Adair Turner, chairman of the Financial Services Authority, ... Excessive risk-taking has been blamed for helping spark ... Turner also Wednesday criticised some activities of London's ... "If you want to stop excessive pay in...
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Bonuses become a wedge issue in the G20
Bankers' pay has become one of the most ... UK Chancellor Alistair Darling earlier this month pledged ... Even before Tuesday's deal with banks, the French ... "The problem with guidelines is that you apply ... Germany has mostly agreed with France at G20 ... But Merkel has allied herself with French President...
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Sarkozy, banks set new limits on bonuses
French banks agreed to penalise traders who lose ... The remuneration rules were unveiled after a meeting ... To ensure banks stick to the new criteria, ... "It can't be a game where you always ... He said he would lobby the US and ... He would likely face strong resistance in the...
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Bank remuneration code sparks fears over UK competitiveness
The chief executive of the UK’s banking trade ... She was reacting to the Financial Services Authority's ... Angela Knight, chief executive of the British Bankers’ ... Knight said of the final code applying to ... While welcoming the code, Knight warned: “Our concerns...
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Walker review sets out UK banking reforms
Bankers should expect their large pay packages to ... Walker has proposed that the board-level remuneration committees ... He said there should also be a formal ... The review makes clear bonuses should be explicitly ... In a statement accompanying the publication this morning,...
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Mayor of London to lobby for hedge funds
London Mayor and influential Conservative politician Boris Johnson ... Speaking this morning at an event at the ... The European Commission proposed the directive in April ... Boris Johnson said this morning: "I support strong ... He added: "No other European city's financial services...
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Comment: Will regulators go the way of Mr Orange?
Putting aside its violence, Quentin Tarantino’s 1992 film ... Mr White is a criminal who doesn’t hesitate ... Mr Orange, an undercover police officer, spends most ... Mr Pink tells everyone to be true to ... Mr Blonde is a psychopath who infuriates Messrs ... Fast forward to 2009, and politicians across the...
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Bank staff fall short on regulatory know-how
Nearly half of investment banks are concerned about ... First Finance, an external provider of financial training ... Of those interviewed 45% said their own teams ... Peter Niklewicz, head of UK operations at First ... “The wide-ranging nature of the proposed regulation coming...
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SFO freezes Stanford assets at London banks
The UK Serious Fraud Office has obtained a ... According to a statement released today, the SFO ... The statement said that the funds were allegedly ... Richard Alderman, director general at the SFO, said: ... The freezing of assets follows news that Stanford ... US District Judge David Hittner listened to new...
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News Analysis: So who has the world's best pension system?
There was a blizzard of dire warnings this ... Despite the meltdown of its banks and domestic ... For a start, the amount that Icelandic pension ... The savings do not appear to have come ... Iceland's citizens are also among the most thrifty ... As in the UK, the state pension forms...
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The British investment bank is back
It is one of the ironies of the ... As with the Wimbledon tennis championships, which start ... But that could soon change. Just when Britain ... Barclays Capital, HSBC and Standard Chartered are all ... The past 10 years have seen a rapid, ... Fast-forward to the end of last year and...
