CFTC targets bitcoin cyber-currency for regulation
May 7, 2013 - The US Commodity Futures Trading Commission (CFTC) has said it may need to regulate the cyber-currency.
New UK regulator attacks EU proposed rules for insurers
May 1, 2013 - One of the UK's top regulators, Andrew Bailey, has criticised forthcoming European Union (EU) rules for the insurance industry as overly expensive, delayed and unsuitable for many UK businesses.
SEC Names Jennifer Marietta-Westberg as Deputy Director of the Division of Risk, Strategy, and Financial Innovation
April 11, 2013 - The Securities and Exchange Commission today announced that Jennifer Marietta-Westberg has been named Deputy Director of its Division of Risk, Strategy, and Financial Innovation (RSFI).
Bernanke: Stress tests have strengthened US financial system
April 9, 2013 - Banking stress tests have made the US financial system more resistant to potential future shocks.
Most Basel members 'failed to meet January deadline for new regulations'
April 5, 2013 - The majority of financiers involved in the Basel Committee on Banking Supervision (BCBS) failed to meet the deadline of January to begin implementing new capital rules.
Basel Committee demands crackdown on banks exploiting CDS loophole
March 26, 2013 - Banks' ability to exploit a regulatory loophole in the Basel III capital adequacy regime by purchasing credits default swaps (CDS) and other instruments to lower the amount of risk on their books, and thereby reduce their capital requirements, will be curbed under new proposals released by the Basel Committee on Banking Supervision.
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.
