Obama’s reforms at a glance July 15, 2010 SYSTEMIC RISK A council of regulators chaired by the secretary of the Treasury would be created to monitor big-picture risks in the financial system. The Financial Stability Oversight Council could identify firms that threaten stability and subject them to tighter oversight by the Federal Reserve. The Fed and the council could break up firms that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 30, 2010 FINANCIAL TIMES ARCELORMITTAL FINED €276M FOR PRICE-FIXING ArcelorMittal, the world’s biggest steel producer, has been fined €267.5m ($339m) for the part that its companies played in one of the most wide-ranging and long-running cartels to come to light in Europe. In all, 17 steel manufacturers were involved, and were given fines totalling €518.5m yesterday, with [...]
Where safari meets heavenly white beaches June 27, 2010 TANZANIA combines the thrill of safari through the vast plains of the Serengeti with relaxation on the tropical beaches of the exotic Spice island of Zanzibar. Serengeti We draw the curtains of our room in Kempinski’s Bilila Lodge to find a welcome committee of seven elephants, obligingly gathered at a watering hole just steps away [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 2, 2009 FINANCIAL TIMES CIC IN €800M OFFER TO APAXChina Investment Corp, China’s sovereign wealth fund, is offering to invest as much as €800m (£723m) into Apax Partners’ €11.2bn private equity fund in a groundbreaking deal.The move, which would see CIC acquire a small stake in the management company of one of Europe’s biggest equity funds, shows [...]
EU regulators to call on King September 22, 2009 BANK of England governor Mervyn King could be handed a powerful role with a new pan-European regulator, in an effort by the European Commission (EC) to bring the UK on board with the plans. The EC will today publish its blueprint for a revamp of European financial supervision, which is set to create four new [...]
Bag a bargain and get some late summer holiday action August 16, 2009 THAILANDAnantara, on the north of the island of Mai Khao Beach, is wonderfully tucked away from the main tourist areas of Phuket and Kuoni is now offering seven nights for the price of five, a saving of £366 per person. Each of the 82 villas comes with its own 33 square metre pool, set either [...]
Hedgies meet to plot battle over reforms June 21, 2009 HEDGE fund luminaries will assemble this week to discuss ways to combat European Commission (EC) proposals to tighten up regulation of alternative investment firms, City A.M. can reveal. In the first of a series of regular meetings, the steering committee, led by industry body the Alternative Investment Management Association (Aima), will discuss aspects of the [...]
Advisers in all night Refco talks October 17, 2005 Refco held a second day of weekend meetings yesterday as a group of about 50 advisers gathered in New York in an effort to salvage the disgraced group’s regulated futures brokerage arm and determine the fate of its ailing operations. The advisers had begun emergency meetings on Saturday that stretched late into the night to [...]