Bank watchdog Paul Fisher warns of risk from ETFs

Bank of England's financial policy committee voices concern about exchange traded funds A spending spree by international investors on commodities using exotic financial instruments could pose huge risks for the global financial system, according a senior Bank of England official. Financial regulators should be alert to the potential for destabilising asset bubbles posed by new financial ...

See Full Article

Source: Guardian Unlimited

Obama names US financial watchdog chief
US president Barack Obama has named the head of the country's new consumer finance watchdog.
Dow Jones watchdog eyes News scandal
Five member watchdog created in 2007. 18 Jul 2011 8:48 AM
Tharman warns of sluggish global economy
Singaporeans should brace themselves for the impact of a sluggish global economy in the coming months, said Deputy Prime Minister Tharman Shanmugaratnam yesterday. But the fundamentals of the local...
S&P warns of US downgrade
WASHINGTON - The United States' second debt downgrade warning in two days jacked up the stakes Thursday for the country's financial stability as politicians battled over how to cut the deficit.
Financial watchdog steps up board oversight
Office of the Superintendent of Financial Institutions says it wants to ensure directors aren’t shy about second-guessing top executives
Greece warned as €12 billion approved
Euro zone finance ministers approved a €12 billion instalment of Greece's bail-out at the weekend.
Retailers should warn customers of credit card surcharges
Both the banking ombudsman and Consumer New Zealand say they're getting more complaints about the credit card surcharges.