Financial Regulatory Forum

Singapore punishes 10 firms over Lehman notes sale

Monetary Authority of Singapore   SINGAPORE, July 7 (Reuters) – Singapore’s central bank banned 10 financial institutions on Tuesday from selling structured notes, saying they sold investment products linked to Lehman Brothers without adequately highlighting the risks. (more…)

EU derivatives plans focus on clearing

 Charlie McCreevy    By Huw Jones
   LONDON, July 1 (Reuters) – Centrally clearing the bulk of off-exchange derivatives contracts will be the core of Europe’s efforts to cut risk in the sector as further study is needed before forcing any trades onto exchanges, an EU document said.