US Mortgage Investors Push For Banks to Write Down Second Liens
A group of investors in mortgage-backed bonds dubbed the Mortgage Investors Coalition (MIC) recently submitted to Congress a plan to overhaul the refinancing of underwater borrowers by writing down the principal balances of both first and second mortgages.
mortgage;second lien;refinance
March 10th,2010
EFG International Selects FRSGlobal's RegPro for Multi-country Regulatory Reporting
FRSGlobal, the only global provider of risk and regulatory compliance solutions on a unified platform with coverage for over 40 countries, today announced that global private banking group, EFG International has selected FRSGlobal's regulatory reporting tool, RegPro for regulatory reporting in its France, Spain, Luxembourg, Monaco, Hong Kong and Singapore branches.
regulatory compliance,FRSGlobal's RegPro
September 7th,2009
China's Fat Banking Years Are Fading, And Risks Are Rising
Regulator's statistics show that in less than a year and a half, the debt of the government financing platform has increased by 3.5 trillion yuan, of which nearly 85% comes from bank loans. Analysts worry that banks' credit risks are supported by the state, and many projects relying on their own cash flow are unable to repay without that state support.
September 5th,2009
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