Governance
Speech: FCA CEO Martin Wheatley on regulating HFT
June 6, 2014 - Thank you for that kind introduction. And my sincere thanks to everyone here for joining this lunchtime session. It's a great pleasure and privilege to return to New York. I want to offer a few reflections this afternoon on market innovation and, in particular, the on-going debate around high frequency trading (HFT), which has dominated global media over the last few months.
EBA publishes draft standards for systemically important institutions
June 6, 2014 - The European Banking Authority (EBA) published today final draft Regulatory Technical Standards (RTS) on the methodology for identifying Global Systemically Important Institutions (G-SIIs), final draft Implementing Technical Standards (ITS) on special disclosure rules applicable to G-SIIs, and final guidelines on special disclosure rules for large institutions.
SEC fines Nyse and affiliates $4.5 million multiple violations
May 1, 2014 - The Securities and Exchange Commission today announced an enforcement action against the New York Stock Exchange and two affiliated exchanges for their failure to comply with the responsibilities of self-regulatory organizations (SROs) to conduct their business operations in accordance with Commission-approved exchange rules and the federal securities laws.
Regulators warn US banks to take action over Heartbleed exploit
April 11, 2014 - US regulators have warned the nation's banks to undertake a complete overhaul of their security infrastructure to counteract the threat from the Heartbleed bug.
BMO Capital Markets deploys Fenergo tech for regulatory reporting
June 3, 2014 - Fenergo, a leading provider of Client Lifecycle Management solutions for investment banks and capital market firms, has today announced that BMO Capital Markets has selected its award-winning flagship solution for a regulatory and tax compliant client onboarding process.
GAO criticises SEC cybersecurity
April 22, 2014 - The Securities and Exchange Commission has been criticised by a US congressional watchdog over cybersecurity weaknesses, including the failure to authenticate users and encrypt sensitive data.
Survey Finds Industry Lagging Behind Market Regulation Deadlines as SEF Trading Begins to Take Off
April 9, 2014 - Survey Finds Industry Lagging Behind Market Regulation Deadlines as SEF Trading Begins to Take Off.
Esma consults on MiFID reforms
May 22, 2014 - The European Securities and Markets Authority (ESMA) has launched the consultation process for the implementation of the revised Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
SEC to conduct market-wide cyber-security checks
April 16, 2014 - The Securities and Exchange Commission is to conduct checks on more than 50 registered broker-dealers and investment advisors to assess their ability to counteract cyber-security threats.
Asia-Pacific Buyside Firms Need to Quickly Secure OTC Derivatives Clearing Brokers Ahead of Global Regulatory Changes
April 7, 2014 - Many Asia-Pacific institutional investors are unprepared for the introduction of regulatory reforms governing the US$600 trillion global OTC derivatives market, according to a new piece of research by GreySpark Partners - an international capital markets consulting firm.
Finra Trade-Surveillance System Will Be Redesigned
May 20, 2014 - The Financial Industry Regulatory Authority, Wall Street's self-regulator, is changing the design of a trading-surveillance system that has drawn opposition from brokers, Chief Executive Officer Rick Ketchum said in a speech.
Sifma calls for US rulemakers to step up deployment of Legal Entity Identifiers
April 14, 2014 - US securities trade body Sifma has called for broader uptake of Legal Entity Identifiers by the country's regulators, amid fears that the US is being left behind as other nations push ahead with mandatory implementation of the uniform trade reporting standard.
US Senators table Bill to limit consumer liability for fraud on debit cards
April 3, 2014 - U.S. Sens. Mark R. Warner (D-VA) and Mark Kirk (R-IL) today introduced the Consumer Debit Card Protection Act of 2014 (CDCPA), designed to increase consumer protections and reduce liability caps when debit cardholders are hit by fraud.