ESMA publishes market abuse regulatory regime consultation paper
November 15, 2013 - The European Securities and Markets Authority (ESMA) has published a Discussion Paper (DP) setting out its initial views on the implementation measures it will develop for the new Market Abuse Regulation (MAR), covering the surveillance of European financial markets. It has invited capital market participants to respond by 27 January 2014.
ISACA: Big Data and Complex Compliance Requirements Make Information Governance More Critical Than Ever
November 14, 2013 - Only 4 percent of IT professionals say their enterprises are very prepared to ensure effective governance and privacy of Big Data, according to a global survey conducted by professional association ISACA. Yet information is currency, and enterprises must not only protect and manage it, but also use it to drive business value.
Finra fines TD Ameritrade and SG Americas $1.8 million for transaction reporting failures
November 6, 2013 - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined TD Ameritrade Clearing, Inc. $1,150,000 and SG Americas Securities, Inc. $675,000 for failing to report or accurately report certain large options positions and for related supervisory deficiencies.
Accuity launches Basel III whitepaper: Meeting the challenge of a new regulatory environment
November 5, 2013 - Accuity, the global standard for payment efficiency and compliance solutions, today outlined key findings from 'Basel III: Meeting the challenge of a new regulatory environment', a whitepaper looking at the impact of stricter capital requirements on trade finance and the necessary compliance approaches required to adhere to the impending reforms.
Asic fines ABN Amro $130K over DMA algo fail
October 30, 2013 - ABN AMRO Clearing Sydney Pty Ltd ("ABN AMRO") has paid a penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ("MDP").
Bank of England chief says bank reforms not enough
October 24, 2013 - More reforms are needed in the financial sector if Britain is to remain a global business hub, the governor of the Bank of England said Thursday in a wide-ranging speech in which he also offered banks greater access to emergency loans.
Sifma calls for better communication following cyber-attack simulation
October 22, 2013 - In the wake of a cyber-attack simulation, US financial services industry trade body Sifma has called on politicians to bring in legislation designed to improve communication between the government and private firms.
Knight Capital reaches $12m SEC settlement over IT meltdown
October 16, 2013 - The Securities and Exchange Commission today announced that Knight Capital Americas LLC has agreed to pay $12 million to settle charges that it violated the agency's market access rule in connection with the firm's Aug. 1, 2012 trading incident that disrupted the markets.
