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.
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.
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.
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.
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.
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.
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.
