HM Treasury
Fannie Mae chief executive appointed to US Treasury
Herbert Allison, who until recently was president and chief executive of Fannie Mae, has joined the US Treasury as assistant secretary for financial stability.
Isda chief addresses House on OTC derivatives
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Stress-test success masks bigger problem with banks
The US government's bank stress tests appear to have been successful in stabilising financial markets, but some market observers believe they are obscuring broader systemic problems and could hamper efforts to deal with toxic assets.
UK Treasury: "vital" to expand resolution powers for investment banks
The UK government needs to update its approach to resolving failed investment banks in the wake of the collapse of Lehman Brothers in September last year, according to a Treasury report published today.
US banks require $74.6 billion in additional capital, stress tests reveal
Ten US banks collectively require an additional $74.6 billion in additional capital to insulate against possible losses over the next two years, the results of US government stress tests show.
Accounting for concessions
International Container Terminal Services has expanded its operations across the globe. Treasurer Rafael Jose Consing tells Asia Risk how the company manages risks and discusses the impact of new accounting rules for concessions. By Georgina Lee
Government ownership of banks possible, asserts Tarp board
According to a report released today by the Financial Stability Oversight Board, the government has the potential to take a major ownership stake in banks via the Capital Assistance Program (Cap), which was designed to provide capital to ailing banks…
PPIP participants possibly exempt from compensation limits
Asset managers that participate in the Public Private Investment Program (PPIP) with the US Treasury will probably be exempt from executive compensation limits imposed on private entities that have accepted government bail-out funds, Treasury secretary…
US Treasury outlines framework for regulatory reform
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Geithner to announce illiquid asset repurchase programme
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Treasury launches Talf, drops compensation caps
The US Treasury and Federal Reserve Bank of New York launched the Term Asset-Backed Securities Loan Facility (Talf) yesterday, but opted to remove restrictions on executive remuneration for participating institutions.
UK Treasury announces review of board-level risk
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US props up Bank of America
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UK government creates £50 billion ABS fund
The UK government outlined further plans today to try to stabilise the economy and encourage banks to lend more.
Treasury called to account for Tarp
The US Treasury has failed to provide oversight of vital parts of its $700 billion Troubled Assets Relief Program (Tarp), according to a report issued today by the US Government Accountability Office (GAO).
US Treasury secretary Paulson speaks out on international regulatory overhaul
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Treasury and Fed help AIG lay-off CDO risk
AIG was shored up by a restructuring plan hammered out by the US Treasury and Federal Reserve Bank of New York today, which involved the creation of an off-balance-sheet vehicle to neutralise some of the insurer’s hefty collateralised debt obligation …
ABA president expresses banks’ anger in letter to US Treasury
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UK announces £500 billion bail-out plan
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US bailout halted in Congress
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Bradford & Bingley nationalised
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UK issues banking reform report
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Fannie and Freddie CDS to settle at October auction
The auction process to settle credit default swap (CDS) contracts written against Freddie Mac and Fannie Mae will take place in the first week of October, Risk has learned, although losses on the agreements are likely to be minor for most counterparties.
US nationalises Fannie and Freddie
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