This, from the UK’s Financial Services Authority, landed in FT Alphaville’s inbox on Tuesday morning:
FSA statement on Goldman Sachs International
Following preliminary investigations the Financial Services Authority (FSA) has decided to commence a formal enforcement investigation into Goldman Sachs International in relation to recent SEC allegations. The FSA will be liaising closely with the SEC in this review.
Although note, RBS was left to pick up an $841m tab, as guarantor of ACA’s involvement in the Abacus transaction.
Article Series - Abacus
- SEC charges Goldman Sachs with subprime fraud
- The case involving ABACUS 2007-AC1
- Markets Live transcript - Goldman/SEC special - 16 Apr 2010
- Formerly The Greatest Trade Ever
- Paulson: 'It's our money now'
- SEC/Goldman linkfest
- Introducing Fabrice "fabulous Fab" Tourre
- 'Goldman Sachs is disappointed...'
- This CDO is a Democrat
- ACA's rather disastrous CDO forays
- The analysts react
- A Goldman blogger round-up
- A CDO litigation risk league table
- Fisking Goldman's latest rebuttal
- The Goldman defence documents
- Fabrice Tourre scores an indefinite paid holiday
- Der Abakus
- Is this the sound of a bandwagon?
- The experience of Laura Schwartz
- Fabrice Tourre goes underground
- The exemplary Magnetar CDOs
- Dear Paulson investor...
- Appearing soon in the Senate - fabulous Fab (updated)
- In defence of Goldman Sachs
- For RBS, a routine deal became an $840m mistake
- The prospectus
- More Goldman voyeurism
- Tail risk in the Rhineland
- The running order in Room 106
- 'My name is Fabrice Tourre'
- Live, from Room 106
- Goldman in DC: A blogger round-up
- Call the cops
- Understated Research Headline of the Year, Part II
- Goldman TV
- Fitch revises Goldman to outlook negative
- The many legal risks of Goldman
- Goldman faces new CDO case
- Goldman's shares hit 52-week low