|
|
Posted on May 13th, 2012
The capital markets and investment banking (CMIB) industry faces unprecedented challenges. The lingering effects of the 2008–2009 financial crisis and liquidity crunch, fears over European sovereign debt, and a high level of overall economic uncertainty are casting a long shadow over the business. Trading volumes are suffering as many investors take a cautious, [...]
Posted on April 22nd, 2012
This year’s annual Oliver Wyman and Morgan Stanley Wholesale and Investment Banking Outlook report, Decision Time for Wholesale Banks, anticipates imminent changes in industry structure as banks rationalize their portfolios and market shares shift. A confluence of factors now seems likely to trigger significant structural changes over the next 12-24 months. The findings [...]
Posted on April 1st, 2012
The Financial Services Authority (FSA) has published the findings of its thematic review into anti-bribery and corruption (ABC) systems and controls in investment banks.
In response to those findings, the FSA will consult on proposed amendments to the FSA’s regulatory guidance, ‘Financial crime: a guide for firms’. This proposed new guidance applies [...]
Posted on January 26th, 2012
SIFMA called for significant changes in the Volcker Rule before a joint hearing of the House Financial Services Subcommittees on Capital Markets and Government Sponsored Enterprises, Financial Institutions and Consumer Credit that was examining the impact of the Rule.
In testimony on behalf of SIFMA’s Asset Managers Group (AMG), Douglas Peebles, chief [...]
Posted on January 17th, 2012
In 2003 and 2004, the Securities and Exchange Commission (SEC), self-regulatory organizations (SRO), and others settled with 12 broker-dealers to address conflicts of interest between the firms’ research and investment banking personnel. The regulators alleged that the firms allowed their investment bankers to pressure equity research analysts in ways that could cause them [...]
6 pages
|
|
