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21% of UK mortgage holders have borrowed more than 90% LTV 'at risk of negative equity'
Tuesday, 10 February 2009

Research from has found that 21 per cent of UK mortgage holders borrowed a mortgage Loan to Value (LTV) of 90 per cent or more – potentially putting them at risk of negative equity.

Data breaches reported to ICO
Monday, 09 February 2009

New figures show a significant increase in the number of data breaches reported to the Information Commissioner's Office (ICO). Nearly 100 breaches have been reported to the ICO in the last three months (376 to end January 2009, compared with 277 as at end of October 2008).

Independent review of corporate governance of UK banking industry
Monday, 09 February 2009

The Chancellor of the Exchequer, the Secretary of State for Business, Enterprise and Regulatory Reform and the Financial Services Secretary to the Treasury today announced a review to recommend measures to improve the corporate governance of UK banks, particularly with regard to risk management.

Creditsafe Country expands into Northern and Eastern Europe
Monday, 09 February 2009

Creditsafe, the business information experts, has announced the expansion of Creditsafe Country, its international credit referencing solution.  In addition to the company’s instant access to its own home markets offline reports are now available for businesses through much of Northern and Eastern Europe.

FSA publishes Financial Risk Outlook
Monday, 09 February 2009

The Financial Services Authority (FSA) today published its Financial Risk Outlook (FRO) outlining the main risks facing firms, consumers and the regulatory system in the economic downturn, in particular the challenges created by banking sector and real economy deleveraging.

The British unit of Icelandic investment group Baugur placed into administration.
Friday, 06 February 2009

The British unit of Icelandic investment group Baugur, which owns stakes in a large number of high street retailers, was on Friday placed into administration. Baugur said it did not oppose the High Court petition from BG Holding's main creditor, Landsbanki, appointing PricewaterhouseCoopers (PwC) as administrators.

ICO response to the House of Lords Constitution Committee Surveillance Society report
Friday, 06 February 2009

Jonathan Bamford, Assistant Commissioner at the ICO, said: “Several years ago we warned about the dangers of sleepwalking into a surveillance society.

Experian publishes UK business insolvency statistics for 2008
Thursday, 05 February 2009

Experian®, the global information services company, today published its insolvency data for 2008.  Its analysis shows that there were 23,879 business failures over the 12 months to the end of December 2008, representing a 30% increase on 2007.

Central and Eastern European companies upbeat about longer-term outlook
Wednesday, 04 February 2009

A November 2008 survey, undertaken by the Economist Intelligence Unit on behalf of leading global credit insurer Atradius shows that despite concerns about the regional economy, companies do not expect a significant deterioration of their business in Central and Eastern Europe (CEE) in the next three years.

Iceland bank seeks protection from creditors
Wednesday, 04 February 2009

The Icelandic retail investor Baugur, which owns stakes in Hamleys, House of Fraser and the Iceland frozen food chain, has asked for protection from creditors.

Secure data sharing an oxymoron?
Tuesday, 03 February 2009

Public service delivery relies on the right information being available to the right people without compromising security. Regulatory compliance, such as the Freedom of Information Act, also requires that data be shared.  But, as soon as it is, the risk of data leakage increases. 

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