The International Monetary Fund's International Working Group of Sovereign Wealth Funds (IWG) will convene its second working session in Singapore on 9 and 10 July 2008 to continue deliberations on a set of Generally Accepted Principles and Practices (GAPP) regarding
The Financial Services Authority (FSA) and the Institute of Chartered Secretaries and Administrators (ICSA) Registrars Group are urging UK listed companies to help protect their shareholders from boiler rooms by sending them warnings about the scam. 'Boiler rooms' are high
Northern Trust Introduces a New Suite of Minority Brokerage Reports Northern Trust has introduced five new reporting templates that can be used by U.S. public pension funds and other institutions to determine the use of minority and women owned firms
Securities and Exchange Commission Chairman Christopher Cox and Board of Governors of the Federal Reserve System Chairman Ben Bernanke have signed a memorandum of understanding (MoU) between the two agencies that will deepen their information sharing and cooperation. Under the
Chancellor of the Exchequer Alistair Darling wants European Union policy makers to curb their reliance on credit rating firms, joining his counterparts in calling for stricter industry oversight, Bloomberg reports. Darling, responding to record losses on subprime mortgage bonds, will
France's Banking Commission, a regulatory agency, has fined French bank Societe Generale 4 million (3.2 million) for allowing Jerome Kerviel to be able to operate as a rogue trader, the BBC reports. The Banking Commission blamed "grave deficiencies" in the
The chairman of Britain's Financial Services Authority (FSA) says the regulator is closely monitoring Bradford & Bingley, the UK bank whose shares have slumped on concern about its business plan, Reuters reports. Bradford & Bingley (B&B) increased its rights issue
Clearstream, a European supplier of of post trading services and a subsidiary of the Deutsch Boerse Group, has committed to the European Central Bank's TARGET2 Securities IT2SI project. Today is the deadline for Central Securities Depositories and International Central Securities
The Securities and Exchange Commission today published a final rule and new interpretive guidance to improve the rulemaking process for exchanges and other self regulatory organisations (SROs) that operate under SEC oversight. The Commission voted unanimously on 25 June 2008,
Norkom Technologies has outlined a battle plan for the fight against financial crime in an Independent Television News (ITN) film commissioned by the British Bankers' Association (BBA). In the film, Norkom CEO Paul Kerley and Managing Director of Global Solutions