US govt clarifies virtual currency regulatory position
March 19, 2013 - The US government has moved to clarify its regulatory stance on virtual currencies such as bitcoin, confirming that while users are not classified as money services businesses (MSBs) subject to its rules, exchanges and administrators are.
SEC Issues Guidance Update on Social Media Filings by Investment Companies
March 15, 2013 - The Securities and Exchange Commission today published a guidance update from its staff to clarify the obligations of mutual funds and other investment companies to seek review of materials posted on their social media sites.
Global regulators 'to consider Basel III amendments'
March 13, 2013 - Global regulators are considering the possibility of simplifying the incoming Basel III regulations following protestations from several institutions around the world, it has emerged.
Benchmarks: EDHEC-Risk Institute warns against the false promises of governance
March 11, 2013 - In the context of the ongoing regulatory debate on financial benchmarks and the recent consultations by the International Organisation of Securities Commissions (IOSCO) and the European Securities and Markets Authority (ESMA)/European Banking Authority (EBA), EDHEC-Risk Institute wishes to underline that transparency is both crucial to allowing users to assess the risks, relevance and suitability of indices and the most powerful tool to mitigate conflicts of interests existing across the indexing industry.
SEC sets out new tech rules
March 8, 2013 - The Securities and Exchange Commission has approved new rules governing IT policies and procedures at 'key market participants', in an effort to better insulate the markets from vulnerabilities posed by systems technology issues.
Chartis Research Report Highlights Wolters Kluwer Financial Services’ EGRC Solutions
March 5, 2013 - Chartis Research has issued a new Vendor Highlights report focused on Wolters Kluwer Financial Services and its comprehensive Enterprise Governance, Risk and Compliance (EGRC) platform ARC Logics. Chartis recently ranked Wolters Kluwer Financial Services as a Category Leader and one of the strongest providers serving the financial services industry in its most recent Enterprise GRC Technology Solutions report.
Basel Committee 'considering capital requirement reforms' and issues FX guidance
February 18, 2013 - Major banks could be forced to markedly increase the amount of capital they hold against their trading assets, it has emerged.
GAO: Financial Crisis Losses and Potential Impacts of the Dodd- Frank Act
February 14, 2013 - The 2007-2009 financial crisis has been associated with large economic losses and increased fiscal challenges. Studies estimating the losses of financial crises based on lost output (value of goods and services not produced) suggest losses associated with the recent crisis could range from a few trillion dollars to over $10 trillion.
