NSA snooped on Visa/Swift networks - Der Spiegel
September 16, 2013 - The US National Security Agency allegedly tapped in to credit card and bank-to-bank transactions crossing the Visa and Swift networks as part of its global intelligence gathering operations, according to documents passed to Der Spiegel by whistleblower Edward Snowden.
Compliance departments baffled by new regulations - IPC
September 16, 2013 - Less than half of compliance departments fully understand the requirements of new trading regulations according to a survey examining compliance in trading conducted by IPC.
ISITC North America Poll Highlights Financial Industry Challenges Posed by Regulatory Change
September 16, 2013 - ISITC (The International Securities Association for Institutional Trade Communication), the industry trade group focused on standards in transaction processing and related communications, today announced poll results addressing the most pressing challenges that regulatory change present to the financial industry. Findings reveal mixed feelings regarding the benefits that increased regulatory oversight will yield.
12 arrested over multi-million pound Santander cyber-heist plot
September 13, 2013 - UK police have arrested 12 men accused of plotting to take control of a Santander bank branch computer and use it to steal millions of pounds.
FBI warns banks of 9/11 cyber-attack threat
September 11, 2013 - US banks could face a wave of distributed-denial-of-service (DDoS) hits today to mark the anniversary of the 11 September 2001 terrorist attacks, warns the FBI.
China extends probe into brokerage IT after Everbright reports $85.5 million loss due to glitch
September 9, 2013 - China Everbright Securities lost $85.5 million due to a technical glitch in its order management system which flooded the market with erroneous buy orders and seriously disrupted trading in China last month.
Nasdaq moves to strengthen SIP after second outage
September 5, 2013 - Nasdaq has outlined a series of steps to improve the resilience of the Securities Information Processor following a second brief outage just weeks after a malfunction in the market data feed forced the exchange to shut down for three hours.
ICAP files SEF Application with CFTC
September 3, 2013 - ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that its subsidiary ICAP SEF (US) LLC has filed its application to be a Swap Execution Facility (SEF) with the Commodity Futures Trading Commission (CFTC) in compliance with the Dodd-Frank Act.
