The financial crisis has cast light on some very complex structures that are difficult to understand – and few more so than the board of directors of Citigroup.
One of last year's best-performing hedge funds has suffered so badly from falling securities prices that it has wiped out all of its gains since launch, as falling securities prices expose asset managers who were relying only on rising markets to make money.
Europe has made absurd demands on its supra-national regulatory bodies in the wake of the credit crisis and should create a single structure to manage financial oversight, according to a new report from the Centre for European Policy Studies.