US Department of the Treasury
West must not repeat Japan’s fiscal mistakes, says Nomura economist
Nomura chief economist Richard Koo warns the US and European economies face double-dip recession and a prolonged period of economic stagnation if stimulus is cut too soon.
RBS Group fined £5.6m for sanctions control failings
UK regulator issues large fine after banks fail to implement monitoring systems
Economists fear 'global bond trap'
Economists warn fiscal belt-tightening in Europe may exacerbate imbalances in the global economy, leading to sluggish growth and excess liquidity in government bonds.
Sparks fly on regulation during Isda's annual general meeting
Heated debate over financial regulatory reform going through the US Congress was at the forefront of the International Swaps and Derivatives Association’s annual general meeting in San Francisco last month.
A granular approach to data
The drive for regulatory reform in the US has focused on the availabilty of data, and a bill being discussed in Washington, DC proposes the establishment of national data and research centres.
Proprietary raiding
US President Obama in January unveiled a proposal to prevent banks from owning, investing in or sponsoring hedge funds, private equity funds or proprietary trading operations for their own profit. What do authorities mean by ‘prop trading’ and how…
Paying by the rules
As the US Treasury’s special master for executive compensation, Kenneth Feinberg has the task of overseeing pay for the top 100 employees at firms receiving exceptional government aid. In an exclusive interview, he discusses progress on pay reform,…
