Financial Sector Technology A leading business title for IT decision makers in the UK and European financial services sector http://www.fstech.co.uk FSA Turner Review to change regulations The Financial Services Authority has published the Turner Review of global banking regulation. http://www.fstech.co.uk/breaking-news-april09/breaking-news1_NewRegs-TurnerG20.html Retail banks lose jobs, profits and IT spending power The full extent of the downturn on the retail banking sector is becoming evident with the publication of a Datamonitor report entitled the Impact of Financial Crisis on Technology Spending in Banking, which predicts a two per cent decline in the global banking technology market in 2009, with the UK suffering the biggest fall at seven per cent. http://www.fstech.co.uk/breaking-news-april09/breaking-news2_RetailBankingRoundup.htm CFS takes action, as latest Apacs figures show that fraud is up The Co-operative Financial Services is taking action to improve its financial crime management capabilities by installing Norkom Technologies' enterprise-wide multi-channel fraud solution. http://www.fstech.co.uk/breaking-news-april09/breaking-news3_ApacsFigs-CFS.htm Clearing structures for Credit Default Swaps begin to take shape The current financial crisis, and the collapse of Lehman Brothers in particular, highlighted the previously murky world of credit default swaps, with Dollars64 trillion worth of trades at one point in the ether. http://www.fstech.co.uk/breaking-news-april09/breaking-news4_CDSclearing.html