United Kingdom (UK)
UK Banking Commission chief makes case for ring-fencing retail operations
Independent Commission on Banking chief John Vickers rules out “radical narrow banking” but says some separation between investment and retail banks could help
Market snapshot
Market Snapshot
Barclays’ Diamond argues case for universal banking
Barclays' chief executive Bob Diamond adamant bank’s model funds cheaper lending and is less risky
Stability objective should drive financial policy, says BoE’s Bailey
Bank's Bailey says stability goal must not be swayed by “murky compromises with other objectives”
Unrealistic pricing expectations impede development of longevity swap market
Price expectations have played a crucial role for the relatively small number of longevity swap deals that have so far been completed
Dutch pension funds take lead in LDI implementation
Survey indicates Dutch pension funds have all opted for LDI
Sants details new regulator’s approach
UK FSA’s Hector Sants says primary objective of new banking regulator will be to resolve failed institutions without disrupting financial system; outlines new risk model
Regulations rocked: UK industry argues for realistic labelling
Label with care
Market snapshot
Market snapshot
SG to start secondary marketing for exchange-traded autocalls
Societe Generale is about to start the sale in secondary of three exchange-traded autocallables listed on the London Stock Exchange in November.
UK government responds to industry criticism of regulatory restructure
HM Treasury issues consultation summary on proposed changes to financial oversight in UK
UK economic growth bodes well for equities, says Schroders
Schroders outlook for next year is positive, with the UK avoiding a double dip recession and equity markets rising. However, the eurozone problems are not over and interest rates remain low.
Custody Risk European Awards 2010 - European Pension Fund Custodian of the Year: J.P. Morgan
European Pension Fund Custodian of the Year: J.P. Morgan
Lord Turner: FSA break-up unnecessary
Financial Services Authority chairman Adair Turner supports Twin Peaks approach “in theory” but argues benefits could have been achieved without breaking up regulator
Regulatory reform may not be enough to prevent second crisis
A new study warns reform might only be enough to mitigate, not prevent, damage from a new crisis
FSA defends mobile-taping proposals, continues plans to enforce recording
UK regulator denies planned regulation is unenforceable or prohibitively expensive
ECB could offer governance concession on T2S
European Central Bank could modify governance arrangements of its settlement platform in a bid to entice sterling to join
Irish bailout fails to restore faith in PIIGS debt
CDS spreads on peripheral eurozone debt widen despite €90 billion in aid
Pensions In-Depth: Video interview with Geoffrey Staines
In an interview with GP's sister title Professional Pensions, Daily Mail & General Trust pensions director Geoffrey Staines talks to Jonathan Stapleton about communications, risk management and in-scheme resource.
LM Investment offers access to the Australian economy
LM Investment offers access to the Australian economy
Lifemark investors low down in pecking order for payouts
Lifemark investors low down in pecking order for payouts
UK Wrap: Plan managers diversify away from FTSE
The products this fortnight offered an exciting variety of commodities, emerging markets, the Eurostoxx index, S&P index and the FTSE index
EU prepares to go the direct route on structured products law implementation
The introduction of several new European Union laws covering financial investments could prohibit sales of some products and push up costs
Lookback: Asia-Pacific drives wealth expansion
Lookback: Asia-Pacific drives wealth