EU pressures Goldman for tougher derivatives rules
The European Commission signaled tighter regulation after U.S. fraud charges against Goldman Sachs. EU officials cite complex mortgage backed securities and call for an end to risky products while Britain probes Goldman Sachs International and U S regulators pursue civil fraud charges.
MENTIONED IN THIS ARTICLE
Brussels
European Commission
Goldman Sachs
Michel Ramnier
Chantal Hughes
Barnier
Britain
Goldman Sachs International
U.S
U.S. Securities and Exchange Commission
Goldman
Banks face SEC probe link to CDO market collapse
European banks active in buying and selling collateralized debt obligations may come under SEC scrutiny as authorities assess pre crash investments. Merrill Lynch Citigroup UBS and Deutsche Bank were leading CDO sellers, per an anonymous banker. Swiss regulator FINMA found no evidence UBS or Credit Suisse acted incorrectly in the subprime era.
MENTIONED IN THIS ARTICLE
SEC
Europe
Merrill Lynch & Co
Bank of America Corp
Citigroup Inc
UBS
Deutsche Bank
Switzerland
FINMA
UBS AG
Credit Suisse Group
Tobias Lux
Associated Press
Lux
Goldman Sachs
U.S
Credit Suisse
SEC probes Lehman style Repo 105 at 19 big banks
The SEC is examining whether any of 19 large U S banks used Repo 105 like Lehman Brothers did to mask debt before its 2008 collapse. Chair Mary Schapiro told Congress letters were sent requesting information on such transactions while lawmakers sparred over regulatory reform.
MENTIONED IN THIS ARTICLE
Washington, D.C
Securities and Exchange Commission
U.S
Lehman Brothers
SEC
Mary Schapiro
Schapiro
Lehman
Obama
Richard Fuld
Fuld
Anton Valukas
Valukas
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