July 27, 2015 - The Financial Industry Regulatory Authority (Finra) announced today that it has fined Goldman Sachs Execution & Clearing, L.P. $1.8 million for systemic Order Audit Trail System (Oats) reporting violations spanning a period of more than eight years, failure to accurately submit required trade reports to the appropriate Finra Trade Reporting Facility (TRF), and related supervisory failures.
July 21, 2015 - The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, N.A. and its subsidiaries to provide an estimated $700 million in relief to eligible consumers harmed by illegal practices related to credit card add-on products and services.
June 25, 2015 - Over a third of corporate treasurers already feel that the pricing and service they get from their banks has been negatively affected by bank regulations. A further 48% expect them to deteriorate in future. That was the key finding of the EuroFinance Basel III Index©.
June 10, 2015 - SIFMA today released the following statement from president and CEO Kenneth E. Bentsen, Jr., after Senator Richard Burr offered the Cybersecurity Information Sharing Act (CISA) as an amendment to the National Defense Authorization Act (NDAA):
July 14, 2015 - The year 2014 saw the launch of the corporate actions reform in Russia which was initiated by the Russian central securities depository and backed by securities market participants.
June 23, 2015 - The CISO, Cardinal Health, Chief Data Officer & Head of Business Intelligence, Toyota Financial Services, CISO, AmerisourceBergen and MD, Knowledge Strategy Solutions have put their heads together to give you their top tips in information governance and the solutions they care about most in this exclusive free infographic.
June 2, 2015 - The legal fallout from Home Depot's data breach continues, with the retail giant asking a court to dismiss a consolidated class action lawsuit filed by consumers just as a collection of financial institutions launch their own suit.
July 3, 2015 - American banking regulators are sending staffers with "little or no" tech training to carry out IT examinations at smaller institutions, according to a report from the US Government Accountability Office (GAO).
June 17, 2015 - Increasing interactions with government officials and regulators in order to unlock deeper regulatory insight, FIS (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, has announced the opening of its Center of Regulatory Intelligence in Washington, D.C.
May 20, 2015 - Financial messaging network Swift is working with a host of market infrastructure providers and banks to develop a framework for harmonisation of the ISO20022 standard, amid concerns that a proliferation of different flavours of the protocol will lead to fragmentation.
July 1, 2015 - EBA Clearing has published a blueprint document spelling out high-level business requirements for a pan-European instant payment infrastructure solution.
May 14, 2015 - SWIFT held its annual Business Forum London on 23 April 2015, where more than 1,100 industry leaders gathered to discuss the latest trends and innovations in financial services. The theme of this year's forum was 'Harnessing change in financial services', and the programme explored how the industry can channel innovation to address challenges such as regulation, the technology revolution, new entrants and changing customer behaviour.