In a statement issued this morning, the FSA says it will be liaising closely with the SEC in this review. The announcement follows yesterday’s call by Gordon Brown, the prime minister, for the regulator to start an inquiry in co-operation with the SEC into the bank. It is a charge that Goldmans denies.
Meanwhile, following yesterday’s falls, Asian stocks rebounded today after American regulators seemed split on suing Goldmans.
According to Bloomberg, at 4.15pm in Tokyo the MSCI Asia Pacific index rose 0.5 per cent to 126.51, following yesterday’s decline of 2.1 per cent. This represented the biggest slump in the index for two months.
Bloomberg reports that banking shares in both America and Asia rose following a news report in which it was revealed that the SEC voted three-to-two to sue Goldmans for fraud.
Hong Kong’s Hang Seng index rose 0.9 per cent following a fall of 2.4 per cent yesterday, while South Korea’s Kospi index increased 0.8 per cent after yesterday’s fall of 1.7 per cent. For both indices today’s gain was the first time they had risen for three days.