Legacy infrastructure will fail to meet regulatory compliance objectives
March 14, 2012 - INTERXION HOLDING NV (NYSE: INXN), a leading European provider of carrier-neutral colocation data centre services, today announced the results of an independent study and whitepaper by financial industry think-tank, JWG. The research is focused on the impact of anticipated regulation of the financial services industry on the ICT infrastructure requirements of banking and insurance firms across Europe.
U.S. regulators seeking balance on Volcker rule and ways to cut compliance costs
January 19, 2012 - U.S. regulators said on Wednesday they believe their agencies could implement a ban on proprietary trading without crushing banks' ability to buy and sell securities on behalf of customers, and one official said he was seeking ways that banks could reduce costs of complying with the rule.
Wolters Kluwer Financial Services Unveils Top 10 Corporate Actions of 2011
January 9, 2012 - List Raises Concerns About Issuer Compliance With Cost Basis Reporting Law Requirements and Unexpected Capital Gains
Wolters Kluwer Financial Services has released its annual Top 10 Corporate Actions, a list of the most challenging corporate actions from the past year.
Wolters Kluwer Financial Services Acquires PRINGLE Compliance Polices & Procedures Content
December 14, 2011 - Wolters Kluwer Financial Services, a leading worldwide provider of comprehensive compliance, risk management and audit solutions for the financial services industry, announced today that it has acquired the regulatory compliance content of PRINGLE® Policy and Procedure Solutions (PRINGLE) from PRINGLE Publications Corporation.
SEC Announces National Seminar for Compliance Officers and Senior Personnel
December 8, 2011 - The Securities and Exchange Commission today announced the opening of registration for its national seminar to help chief compliance officers (CCOs) and other senior personnel at investment management firms enhance their compliance programs for the protection of investors.
Regulators 'need more power over banks'
November 4, 2011 - Regulators should be granted significantly more powers when overseeing the activities of banks following the global economic downturn. That is according to Mervyn King, governor of the Bank of England (BoE), who has called for the government to respond to the issues that contributed to the recession in the banking industry by creating fresh rules.
SEC Orders FINRA to Improve Internal Compliance Policies and Procedures
October 27, 2011 - The Securities and Exchange Commission today ordered the Financial Industry Regulatory Authority (FINRA) to hire an independent consultant and undertake other remedial measures to improve its policies, procedures, and training for producing documents during SEC inspections.
MiFID reforms published; compliance bill to hit EUR732m in year one and EUR586m per annum thereafter
October 20, 2011 - Financial markets in Europe are set to undergo a fundamental overhaul, as the European Commission rolls out new rules and regulations covering every aspect of the trade lifecycle, from pre-and post-trade transparency, through to execution and clearing and settlement.
