Greek Finance Minister urged the legislative body to pass the reform measures required as a precondition to the release of the Eur2.8 billion tranche of bailout funds for the country.
Legal & Regulatory
Dodd Frank Now Becomes Brown Vitter Legislation
Brown Vitter seeks to remove the issues created in the banking world that Dodd Frank started. How the tides have turned. A year ago, the big US banks lobby was focused on the amendment and/or total repeal of the Dodd-Frank financial reform law.
Bafin Finds German Bank Directors Not Involved in Interest Rate Manipulation
Bafin, the German financial markets watchdog, clears German Bank directors of any wrongdoing. Bafin, the German financial market regulator, have not come up with any proof that the directors of the German Bank are behind the manipulation of the standard interest rates, according to a top official of Bafin that the Wall Street Journal Deutschland had spoken with over the weekend.
Telecom Italia to Float its Fixed Line Network
According to an anonymous source relayed to an Italian newspaper reported by Reuters, Telecom Italia would retain its stock on the fixed line network to prevent any takeover by Hutchison Whampoa.
Judge Orders Lifting of Seizure Order for Monte dei Paschi Investigation
Judge Ugo Bellini finds no evidence of fraud nor urgency to deem the issuance of a seizure order. An Italian magistrate has thrown out a request to issue an order to seize nearly Eur1.
Latest News
With the proposed US$400 billion asset ceiling and 10% equity retention limit, banks may be forced into complicated situations.
Renault-Nissan CEO Carlos Ghosn expects approval for the China plant for the carmaker to be approved by the end of the year.
Austria is now in the midst of forging an agreement to provide other EU countries data swaps to crack down on tax evaders.
MBIA engages the law firm of Weil, Gotshal and Manges on ways to avoid rehabilitation of its structured finance business unit.
SEC Chair Jo White is caught between a promise made during her confirmation hearings and the ire of consumer advocates she has sworn to protect.
The SEC is seeking to find ways to ease requirements to allow less complex ETFs to be registered with the bourse.
MRI International Inc is now under investigation for false information and misleading clients not only in Japan but in the US as well.
Due to the lack of promised reforms, many investors are moving their investments from Russia to other countries.
The increase in the required pension fees for CalPERS is a good move according to Moody's Investor Services.
