{"id":11176,"date":"2009-08-04T00:00:00","date_gmt":"2009-08-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"uk-fraud-authority-investigation-into-bvi-company-prompts-wider-probe-of-structured-finance-swaps","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/uk-fraud-authority-investigation-into-bvi-company-prompts-wider-probe-of-structured-finance-swaps.html","title":{"rendered":"UK fraud authority investigation into BVI company prompts wider probe of structured finance, swaps"},"content":{"rendered":"

Caribbean Net News – The UK Serious Fraud Office is investigating sales of credit-default swaps and structured-finance products, including collateralized debt obligations, prior to the credit crisis, following up an earlier investigation into a hedge fund and a related British Virgin Islands-registered company. <\/p>\n

The SFO is looking into whether banks sold such products with flawed valuations, said Sam Jaffa, a spokesman for the government agency in London. No specific companies or credit rating agencies have been targeted under the investigation, he said. <\/p>\n

“We’re looking generically at what might give us a cause for concern or a possible lead for finding out more,” Jaffa said in an e-mail Monday. “There’s no suggesting that across- the-board valuations were flawed. However, how valuations are arrived at, what is bundled into the funds and how they were sold are areas of interest.”<\/a><\/p>\n

Read Complete Article<\/a><\/strong><\/p>\n

<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Caribbean Net News – The UK Serious Fraud Office is investigating sales of credit-default swaps and structured-finance products, including collateralized debt obligations, prior to the credit crisis, following up an earlier investigation into a hedge fund and a related British Virgin […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4306,7217,7588,1391,5024,6290,1479,11140,3584,2937,11148,3364,11183,14863,11818,11985,14864,4545,5032,6543],"class_list":["post-11176","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-banks","tag-british-virgin-islands","tag-caribbean","tag-collateralized-debt-obligations","tag-credit-default-swaps","tag-credit-rating-agencies","tag-credit-crisis","tag-e-mail","tag-finance-products","tag-government-agency","tag-hedge-fund","tag-london","tag-rsquo","tag-sam-jaffa","tag-serious-fraud-office","tag-sfo","tag-specific-companies","tag-spokesman","tag-structured-finance","tag-valuations"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11176"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11176\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}