SEC reaches dark pool settlements with Barclays and Credit Suisse
February 1, 2016 - The Securities and Exchange Commission yesterday announced that Barclays Capital Inc. and Credit Suisse Securities (USA) LLC have agreed to settle separate cases finding that they violated federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse's Light Pool.
MPs round on banks following IT failures
January 25, 2016 - Following a string of high profile technical blackouts, Britain's biggest banks have been urged by the UK's influential Treasury Select Committee to invest more resources to improve their technology infrastructure and to appoint board directors with knowledge of IT.
Regulatory overhaul needed to make the Netherlands a fintech hub - report
January 22, 2016 - The Netherlands has the potential to become a fintech hub, but only if the country's regulatory framework is overhauled and banks, startups and government improve cooperation, according to a new report.
Job Opportunity: GRC Sales
January 19, 2016 - Virtusa’s Governance, Risk & Compliance consulting practice (“GRC”) advises top-tier companies across the full spectrum of industry verticals. We assist organizations in maintaining both efficiency and compliance in increasingly complex regulatory environments. Virtusa’s GRC practice deploys industry professionals who are experienced in various areas of Risk and Compliance, to provide a hands-on approach to program management, operational efficiency, remediation and delivery.
SFC reprimands and fines three JP Morgan entities a sum of HK$30 million for regulatory breaches
December 15, 2015 - The Securities and Futures Commission (SFC) has reprimanded J.P. Morgan Broking (Hong Kong) Limited (JPMBHK), J.P. Morgan Securities (Asia Pacific) Limited (JPMSAP) and J.P. Morgan Securities (Far East) Limited (JPMSFE) (collectively "JP Morgan"), and fined them $15 million, $12 million and $3 million respectively for various regulatory breaches and/or internal control failings.
Courion acquires Core Security
December 11, 2015 - Courion, a leading intelligent Identity Governance and Administration (IGA) solutions provider, announced today the acquisition of Core Security, a leader in the vulnerability management and attack intelligence space.
Analysts Expect Regulatory Pressures on Global Banks to Increase Over the Next Five Years
December 9, 2015 - Nearly two-thirds of equity analysts (61 percent) who cover global capital markets institutions expect regulatory pressures on banks to intensify further through 2020, with potential new capital rules, informally known as "Basel IV," likely to have the greatest effect on their operations, according to a global survey of nearly 150 buy-side and sell-side analysts.
Target reaches $39.4m data breach settlement
December 3, 2015 - Target has reached a $39.4 million settlement with banks and credit unions over expenses accrued following the massive 2013 data breach at the US retail chain.
