Governance
Hawksford Group digitises information governance with OpenText
October 7, 2014 - OpenText™ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced that the international, award-winning and independent wealth-structuring company, Hawksford Group, has implemented its EIM strategy to create a seamless, digital process for improving information governance and compliance.
DTCC and FS-ISAC light a beacon in the fight against cyber-invaders
September 25, 2014 - The US Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Depository Trust and Clearing Company (DTCC) have developed a centalised utility for financial firms to post and share information related to cyber-attacks and security threats.
Deutsche Bank fined £4.7 million for transaction reporting failures
August 28, 2014 - Deutsche Bank AG London Branch (Deutsche) has been fined £ 4,718,800 by the Financial Conduct Authority (FCA) for incorrectly reporting transactions between November 2007 and April 2013.
ISACA Outlines Five Principles for Effective Information and Technology Governance
July 22, 2014 - In new guidance issued today, global IT association ISACA outlines five principles organizations can use to effectively govern and manage their information and technology.
Sanction against Credit Suisse Funds AG for breaching the rules on regular reporting obligations
September 24, 2014 - SIX Exchange Regulation, which is charged by SIX Swiss Exchange Ltd with the monitoring and enforcement of issuer obligations, has by means of a sanction notice imposed a fine of CHF 10'000 on Credit Suisse Funds AG, Zurich, for breaching the rules governing the regular reporting obligations. In January 2014, Credit Suisse Funds AG sent a notification regarding a distribution relating to certain Exchange Traded Funds (ETFS) too late.
KPMG Says EU Plans for Bank-Structure Overhaul Must Be Scrapped
August 21, 2014 - (Bloomberg) A European Commission plan to separate lenders' consumer and investment-banking arms must be halted, said KPMG LLP, auditor to some of Europe's largest banks.
Regulatory Drivers Predominant Force of Change in Next Phase of Hedge Fund Industry: Citi Investor Services Survey
June 30, 2014 - Regulation will be the key driver in the next phase of the rapidly evolving hedge fund industry, according to Part II of the Citi (NYSE:C) Investor Services' 5th Annual Industry Evolution survey.
BBA to develop financial crime alert system; EBF signs MoU with Interpol
September 23, 2014 - The British Banking Association is working with BAE Systems Applied Intelligence to develop a financial crime alert system that will see 12 government and law enforcement agencies warn banks of the latest threats to their integrity.
UK fintech industry bands together to push innovation agenda
August 6, 2014 - An industry body promising to be the 'voice of UK fintech' launched today, with more than 50 founding members onboard and the backing of government.
SEC Adopts Cross-Border Security-Based Swap Rules
June 25, 2014 - The Securities and Exchange Commission today adopted the first of a series of rules and guidance on cross-border security-based swap activities for market participants. The new rules will be key to finalizing the remaining proposals.
US trade lobbies call for review of regulatory burden
September 3, 2014 - The Financial Services Roundtable (FSR) and the Securities Industry and Financial Markets Association (SIFMA) submitted a comment letter to the federal banking regulators today requesting changes to a host of banking regulations that are outdated, unnecessary or unduly burdensome for financial services companies.
SEC rules benefit dark pools over lit markets - CMCRC
July 30, 2014 - The Capital Markets Cooperative Research Centre (CMCRC) have published a new paper finding that SEC trading rules may be providing dark venues a regulatory advantage over traditional stock exchanges.
Regulation and Margin Pressures Helping Drive Growth of Managed Services in Australian Financial Sector
June 24, 2014 - Increasing regulation and compliance costs are accelerating the adoption of managed services in Australia's financial services sector, according to analysis by SunGard.