The price of crude oil fell Tuesday after the head of the European Central Bank described the economic outlookof the 17 countries that use the euro as weak in the near term. Benchmark crude for March delivery was down 53 cents to $95.33 per barrel at late afternoon Bangkok time […]
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IOSCO Chief Urge Africa, Middle East to Improve Risk Based Supervision
By Our Correspondent Lagos (INVESTADVOCATE)-Arunma Oteh, the Chairperson, Africa and Middle East Region of the International Organisation of Securities Commissions (IOSCO) has advised the Region to improve its Risk Based Supervision. This is contained in a Statement Monday by Yakubu Olaleye, Head, Media Nigeria’s Securities and Exchange Commission (SEC) and […]
UK’s Lloyds fined $6.7 million for mis-sold insurance
Britain’s financial regulator on Tuesday fined Lloyds Banking Group 4.3 million pounds ($6.7 million) for failing to handle complaints relating to insurance sold on loans and mortgages properly. The Financial Services Authority (FSA) said failings in the bank’s systems and controls resulted in up to 140,000 customers experiencing delays in […]
