The UK regulator, the Financial Services Authority (FSA), has taken flak over its failure to anticipate the funding problems at the near collapsed life and pensions assurer Equitable Life. So Equitable Life policyholders will be less than pleased to learn
The Japan Securities Dealers Association (JSDA) is drafting rules to combat the "Sandy Weill writes my investment recommendations" problem in investment banking, which first surfaced in serious form at Citigroup in the United States. JSDA is reported to be revising
Barra has released BarraOne 1.4 for the Asian market. The latest version of its web based risk analysis tool is aimed at fund managers, risk managers and plan sponsors, providing what Barra calls "an intuitive, consistent analysis for domestic as
Change seems to occur at a glacial pace in Japan. In fact, it turns out that takeovers, restructurings and share buybacks for Japanese companies hit a record level in 2003. According to an analysis by RECOF, an independent M&A boutique
The UK Treasury has called in the Serious Fraud Office (SFO) to investigate the near collapse of life assurance and pensions provider Equitable Life. It follows allegations raised in the course of the composition of an official inquiry into the
EMXCo says BNP Paribas Securities Services went live on the EMX Message System, its electronic mutual fund dealing and valuation service, at the end of December. "We are delighted to welcome BNP Paribas on board the EMX Message System and
Current European Union plans to make the European capital markets more liquid and efficient could backfire, the chairman of the New York based Securities Industry Association (SIA) told a conference in Brussels this morning. Dick Thornburgh the Chief Risk Officer
The elimination or curtailment of the use of "soft dollars" will have deleterious effects on both the brokerage and the fund management industries, says Tower Group. The research consultancy says that the securities industry is currently so dependent on the
The Royal County of Berkshire Pension Fund has re appointed HSBC Global Investor Services (GIS) as custodian of approximately 800 million of assets. HSBCs re appointment follows an evaluation process by the client, prompted by the expiry of their fixed
BISYS has launched what it is calling the Rollover Solutions Network, which aims to automate the opening of IRA rollover accounts and facilitate paperless distributions. Wealth Management Systems (WMSI) developed the platform for BISYS. WMSI's Rollover Solutions Network, which will