277 Results
Gary Wright Analyst at BISS Research
According to the FSA the recent HBOS share plunge was caused by traders depressing the share price and selling short with the opportunity to buy back once the rumour becomes unfounded and the market realizes the real share price. This is serious market manipulation and comes directly under the market abuse directive. Its worth looking at the recor...
28 March 2008
The recent stories about HBOS share price manipulation stated that stock borrowing and lending was misused to assist in the lowering of the share price. Rumors were created and circulated around the market about HBOS, which created an artificial situation where traders took large short positions hoping to buy back as the share priced dropped makin...
26 March 2008
Over the last two years I have been researching the technology requirements to support primary market transaction and other activities in the Corporate Finance department. As an ex City professional I often worked closely with Corporate Finance to organise settlement in the primary market and had the privilege of working on some of the most innova...
19 March 2008
How deep is the credit crisis? That must be the question on everyone's mind at the moment. Pundits have been trying to answer this question ever since the term credit crunch was first heard in the USA and is now being heard loud and clear in Europe. The Northern Rock saga accelerated attention beyond the finance industry into the view of a now very...
The reaction by the FSA to the Soc Gen disaster is just not enough! The recommendation for banks to tighten up systems and controls are laughable! I can guarantee you that the minute the news broke every bank had already instigated a review of its systems, controls and procedures. I know because this happens after every Soc Gen like situation. It'...
12 March 2008
The recent announcement that the European Commission has been so perturbed by the FSA interpretation of the MiFID Best Execution definition, that it has brought it back for redefinition, could be an indication that Brussels has the intention of becoming a central hub for EU market regulation. As Europe becomes a single financial market, many marke...
10 March 2008
Finextra have been advertising the whitepaper relating to the need for financial services companies to record mobile phones for some weeks now and the response from the finance industry has been over whelming. There is clearly a high degree of interest in this topic and one that has been recognised in this weeks FT with the news that the FSA in th...
06 March 2008
The recent report from Tower Group expressing deep concern about the impact of the Payments Services Directive (PSD) between banks and their corporate customer's, makes very interesting reading. It appears to substantiate the underlying messages found within the white paper "SEPA moving against the tide". With both documents coming from ...
06 March 2008 /payments /retail
"For my own part it's Greek to me" What is a corporate actions system and how can a business case be made to invest in one? There are plenty of software vendors who purport to have cracked the STP nut in the corporate actions department but how real are they? Equally what constitutes a corporate action for the financial services firm? Re...
04 March 2008
As the financial markets veer reluctantly towards reconstruction (mainly because of political objectives) the major obstacle the industry has of "identity standards" looms like an ogre. The lack of standard industry identifiers at fund account client level has been a long standing problem. It has been debated for decades within all marke...
26 February 2008
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.