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Under Ambac's plan, one part of the company would guarantee relatively safe municipal bonds, while the other would insure more complex securities backed by mortgages and other debt.
The backup fund will not accept subprime and Alt-A mortgage bonds or the most risky types of more complex securities.
WASHINGTON (AP) — The Securities and Exchange Commission proposed new rules on Wednesday intended to stem conflicts of interest, expand disclosure for Wall Street's credit rating industry and flag the ratings of more complex securities.
Japanese banks, weakened by a financial crisis of their own in the late 1990s, were largely left behind in the push by Wall Street banks to create and deal in ever more complex securities.
However, because CDOs are more complex securities than corporate bonds, they are designed to pay slightly higher interest rates than correspondingly rated corporate bonds.
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These contribute to more complex security region in transmission system.
Mr Arbuthnot said: "We shall increasingly need a more complex security strategy".
More complex security systems go beyond asking what you know your username and password to looking at who you are.
Apple isn't likely to build this system into any devices in the near future, since it skirts too closely to drawing comparisons to Android, but it does show the Mac maker thinking in-depth about what comes after the alphanumeric password, since conceivably future systems will need much more complex security measures to frustrate hacking attempts.
Our solutions are competitively priced, easier to implement, provide faster performance, and more complex security platforms.
In order to effectively enter the biometrics market, products must also deliver faster performance, more complex security algorithms, and better privacy solutions.
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