Governance
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.
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a comment letter to the federal banking regulators today requesting changes to a host of banking regulations that are outdated, unnecessary or unduly burdensome for financial services companies.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.
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.
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.
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.
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.
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.
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.