PwC
A matter of trust
More than a year on from the collapse of Lehman Brothers, administrators are still trawling through the estate of Lehman Brothers International (Europe). A scheme of arrangement designed to speed up the return of trust assets to clients failed to win…
The KIS of life?
Keydata Investment Services was placed into a speedy administration by the UK's Financial Services Authority on June 8 on the grounds of insolvency. All new business was suspended and a temporary suspension of payments on policies was imposed by the UK…
Irregularities mean that Keydata will not be sold as going concern, PwC
Keydata Investment Services Ltd (KIS) will not be sold as a going concern due to irregularities uncovered by insolvency administrator Pricewaterhouse Coopers (PwC).
EU overhaul of financial supervision raises questions
Ambitious plans laid out by the European Commission to revamp the supervisory framework of the European financial markets have raised concerns about the possible implications of creating new supervisory bodies.
PWG committees release hedge fund best practices
US group publishes final best practice guidelines for hedge funds and asset managers
Prime broker rage
The collapse of Lehman Brothers swallowed $40 billion in hedge fund collateral, with rehypothecated assets appearing to be all but irrecoverable. What are the prospects for those hedge funds with assets trapped within the defunct dealer? Peter Madigan…
Op risk for hedge funds focus of PwC white paper
Report stresses transparency, tax and operational controls for the hedge fund industry
Lehman unwind could take years, says PWC
Unwinding the hundreds of billions of dollars worth of assets and liabilities held by Lehman Brothers could take years, according to Tony Lomas, a partner at PricewaterhouseCoopers (PWC), which has been appointed administrator to Lehman Brothers…
UK financial sector feels pain of credit crisis
The UK financial industry will shed more jobs in the months ahead as the economic crisis deepens, and its effects have already cut bonuses and salaries sharply.
CBI/PwC survey “one of the gloomiest ever”
The 73rd CBI/PwC quarterly financial services survey showed an industry-wide fall in optimism across sectors
Cross-border confusion
Europe's internationally active banks have until the end of this year to be fully compliant with the new Basel capital Accord, but a lack of clarity on cross-border implementation continues to cause major problems
Confusion reigns
Exactly what the role of home and host regulators will be for the regulation of branches under the Markets in Financial Instruments Directive (Mifid) remains an elusive issue. The industry is clear that firms should have to follow only one set…
PwC report pans limits in risk management
Corporate risk managers are too focused on complying with regulations at the expense of helping their companies operate, according to a new report.
PwC report pans limits in risk management
Corporate risk managers are too focused on complying with regulations at the expense of helping their companies operate, according to a new report.
PWG recommends principles based guidance for hedge funds and private equity
PWG recommends principles-based guidance for hedge funds
No need for more hedge fund regulation, US group says
Despite its growth over the last seven years, there is no need to improve regulation of the private investment industry, a US government working group reported yesterday.
2007 compliance costs a major worry says survey
Nearly two-thirds of respondents to CBI/PWC questionnaire fear increased spending