Cultural change in regulation looms

Few fund groups have grasped implications of new risk agenda

Editor’s choice

British Chancellor of the Exchequer, George Osborne, poses with his budget box in Downing street this morning ahead of the budget today. ©Charlie Bibby/FT
The UK’s abolition of forced annuitisation is likely to have a large impact on fixed income
A Stradivarius violin is pictured at the restoration and research laboratory of the Musee de la Musique in Paris, on December 3, 2009. For centuries, historians of music, instrument makers and chemists have been trying to decipher how Antonio Stradivari, working in the small Italian town of Cremona three centuries ago, was able to make violins whose acoustic qualities have never been surpassed. According to a French-German study published on December 4, 2009, on five violins stored at the Musee de la Musique (Cité de la Musique), the varnish applied on the violins had red pigments added. AFP PHOTO PATRICK KOVARIK (Photo credit should read PATRICK KOVARIK/AFP/Getty Images) ©AFP
Hedge funds are struggling to return assets locked into illiquid ‘side pockets’ during the crisis

Penalties for rogue directors toughened

Reckless executives face disqualification and compensation awards

The financial tide cannot be held back

We must address excessive bank leverage or face another storm, writes Robert Jenkins

Six ways to mend Europe’s financial sector

A legislative ‘Super Tuesday’ passes seven files of regulation

Tech groups transform how finance is done in China

The internet is making the country a much fairer place

Duke board targeted over ash spill

Calpers and New York fund critical of utility’s environment record

Firm partners rush to beat tax crackdown

Banks face loan requests from juniors needing to stump up equity

Indices plan for Chinese shares panned

Adding A-shares to indices would be unworkable, says Mark Wiedman

Julius Baer fears Swiss immigration move

Bank denounces vote restricting the number of EU immigrants

Asset managers miss out on €1bn of profit

Ucits IV legislation creates regulatory opportunity in EU

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