July 18, 2012 - HSBC's head of compliance fell on his sword in front of a US Senate subcommittee Tuesday after the banking giant was excoriated for lax money laundering controls.
July 13, 2010 - B.I.S.S. Research and Globe Tax Services have formed a joint venture to launch Foreign Account Tax Compliance Act (FATCA) accreditation, which aims to assist financial companies and their treasury departments in achieving FATCA compliance across an enterprise by identifying strengths and weaknesses in their systems and procedures and establishing a corporate standard.
July 13, 2012 - The Securities and Exchange Commission's Office of the Chief Accountant today published its final staff report on the Work Plan related to global accounting standards.
July 11, 2012 - US financial services regulators have warned banks that they need to put in more robust controls if they plan to use third party cloud services.
July 11, 2012 - The Securities and Exchange Commission today voted to require the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) to establish a market-wide consolidated audit trail that will significantly enhance regulators' ability to monitor and analyze trading activity.
July 10, 2012 - The UK's House of Lords has urged the European Commission to call a halt to proposed changes to the Markets in Financial Instruments Directive (MiFID II), labelling the reforms as "ill-thought out" and potentially damaging to the City of London.
July 9, 2012 - The Securities and Exchange Commission late Friday took another step toward regulating the over-the-counter derivatives market by unanimously approving rules and interpretations for key definitions of certain derivative products.
July 9, 2012 - The Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO) have published a consultative paper on margin requirements for non-centrally-cleared derivatives, and have invited public feedback on the scope, feasibility and impact of its proposed measures.