Financial Regulatory Forum

IMF approves Iceland review, to disburse $167.5 mln

October 29, 2009

By Lesley Wroughton
WASHINGTON, Oct 28 (Reuters) – The International Monetary Fund on Wednesday approved a long-delayed review of Iceland’s economic performance under an IMF loan program and said the crisis-hit economy could begin to turn the corner by the middle of next year.

Thomson restructuring auction puts credit derivatives in spotlight

October 7, 2009

A man walks past a billboard promoting French consumer electronics maker Thomson in Beijing November 4, 2003. By Jane Merriman
LONDON, Oct 7 (Reuters) – The opaque world of credit derivatives is in the spotlight ahead of an auction to settle contracts on a debt restructuring at French electronics company Thomson that could expose flaws in the process.

Kazakhstan sets Dec.7 deadline for BTA debt talks

October 1, 2009

The logo of the BTA bank is seen on the top of its office in Almaty February 2, 2009. Kazakhstan effectively nationalised its top bank BTA and sacked an ex-opposition leader as its key manager on Monday as a deepening financial crisis acquired political undertones in Central Asia's biggest economy.   REUTERS/Shamil Zhumatov  (KAZAKHSTAN)   ASTANA, Oct 1 (Reuters) – Kazakh state-run bank BTA <BTAS.KZ> has until December 7 to finalise its $10 billion debt restructuring deal, the banking regulator said on Thursday. (more…)