Governance
Tradehill suspends bitcoin trading in face of regulatory heat
August 30, 2013 - Bitcoin exchange Tradehill has temporarily shut down trading, citing "banking and regulatory" issues related to its credit union partner. In a statement on its Web site, the firm says the "decision has not been made lightly and we regret having to take such action".
New York regulator opens investigation into virtual currencies
August 14, 2013 - Having sent out subpoenas to 22 bitcoin-related firms, the New York State Department of Financial Services (DFS) has confirmed that it is pondering new rules for virtual currencies.
US and EU reach agreement on derivatives regulation
July 12, 2013 - A year of complex negotiations between European Union (EU) and US regulators have at last reached agreement on how best to police global derivatives trading. The breakthrough divides up responsibilities and avoids a dispute that could have disrupted global markets and trading.
Financial sector reforms failing to address tech frailty of banks - Intellect
June 20, 2013 - Tech trade body Intellect has criticised the recommendations from the Parliamentary Commission into Banking Standards for failing to address the technological frailties underpinning the UK banking sector.
Key Dodd Frank Provision Places Greater Pressure on Banks to Maximize Payment Workflow
August 9, 2013 - Accuity, a part of BankersAccuity, the leading provider of global payment routing data and anti-money laundering (AML) screening software and services, today released a new industry perspective examining potential challenges banks face in light of Section 1073 of the Dodd Frank Act.
US banks could be hit by tougher capital rules
July 10, 2013 - Eight of the largest banks in the US could face much tougher financial ratios required under the international standards set by the Basel III global agreement as the nation's banking regulators consider breaking from the arrangement.
Jeannie Shanahan named Omgeo's Managing Director of Governance, Risk Management and Compliance
June 19, 2013 - Omgeo, the global standard for post-trade efficiency, today announced that Jeannie Shanahan has been named its new managing director of governance, risk management and compliance (GRC). In this role, Ms. Shanahan will focus on developing and implementing risk-based compliance programs that support Omgeo's ongoing commitment to providing services that reduce operational and counterparty risk and promote regulatory compliance.
Sifma calls for exchange regulatory reform
August 2, 2013 - SIFMA today sent a letter to the Securities and Exchange Commission to request a review of the regulatory structure of broker-dealers, exchanges, and the self-regulatory model.
Iosco board focuses on behavioral economics and social media
July 1, 2013 - The two day meeting on 18 - 19 June highlighted IOSCO's commitment to identifying emerging risks and new market trends in a proactive and forward-looking way. The meeting was the first chaired by new Board Chairman Greg Medcraft of the Australian Securities and Investments Commission.
EU cybersecurity agency granted new mandate
June 18 , 2013 - European Union (EU) cybersecurity agency, Enisa has today (18 June) received a new Regulation, granting it a seven year mandate with an expanded set of duties.
North American banks to spend $73.8bn next year - survey
August 2, 2013 - Large North American financial institutions will spend $73.8 billion on IT improvements across software, hardware and professional services next year, a two per cent rise on 2013, according to a Technology Business Research report.
EU to establish European Retail Payments Board to improve Sepa governance
June 26, 2013 - The EU is poised to revise the Single Euro Payments Area (Sepa) governance arrangements by replacing the informal Sepa Council with a European Retail Payments Board and by adjusting the role of the bank-backed European Payments Council.
DST Study Finds 42% of Asian Wealth Managers See Regulatory Restrictions as Biggest Challenge to Managing Customer Data
May 29, 2013 - DST Global Solutions, a leading provider of technology and data management solutions for the investment management industry, today released the results of a study aimed at the condition of the wealth management industry in Asia.