10/18/2012

EIOPA’s QIS approach ‘not fit for purpose’, says Mercer

Not enough time has been given by the European Insurance and Occupational Pensions Authority (EIOPA) to consider the amendments needed to its approach to implementing Solvency II, to make it fit for the purpose of the IORP review, say Mercer.

10/14/2012

Esma rejects Aima/BVI challenge

The European Securities and Markets Authority has rejected last-ditch attempts by two trade associations representing fund managers to reconsider new guidelines aimed at strengthening investor protection and harmonising regulatory practices.

10/14/2012

RBS Said to Suspend European Rates Trading Head in Libor Probe

He was suspended on Oct. 12 after Bloomberg News reported he instructed colleagues to lower the British lender’s submission to the London interbank offered rate in 2007, said the people, who asked not to be identified because the matter is private.