Tuesday, 23 September 2014
Last updated 3 hours ago
Jul 6 2011 | 9:50am ET
John M. Lane, formerly of the Federal Deposit Insurance Corporation, has signed on as a special advisor at Washington, D.C.-based Promontory Financial Group.
Lane, who was the founding head of the complex financial institutions branch at the FDIC, spent 34 years with that agency, most recently as the deputy director of the supervision and consumer protection division. In that role, he provided executive oversight of the agency’s national risk-management examination program, led its horizontal risk-assessment initiatives and was instrumental in its development of large-bank failure simulations.
“There are few people who have John’s institutional knowledge of the FDIC, its regulation, supervision and resolution operations,” said Eugene A. Ludwig, Promontory founder and chief executive officer. “We are fortunate to have such a distinguished adviser for our clients managing systemic risk and designing and implementing living wills.”
Promontory advises financial services companies worldwide on regulatory, risk, controls, compliance, governance, capital and liquidity issues.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.