Recent developments

Bank complaints have dropped dramatically
Complaints to the Banking Ombudsman in the first five months of this year are down 20 per cent from the equivalent period last year.

After Enron – statement on sound practices related to structured finance activities
In response to the involvement of financial institutions in recent corporate scandals, the main United States financial regulators have proposed a joint statement on complex structured finance activities of financial institutions under their jurisdiction.

Enquiries and information

For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.