Asic fines ABN Amro $130K over DMA algo fail
October 30, 2013 - ABN AMRO Clearing Sydney Pty Ltd ("ABN AMRO") has paid a penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ("MDP").
Bank of England chief says bank reforms not enough
October 24, 2013 - More reforms are needed in the financial sector if Britain is to remain a global business hub, the governor of the Bank of England said Thursday in a wide-ranging speech in which he also offered banks greater access to emergency loans.
Sifma calls for better communication following cyber-attack simulation
October 22, 2013 - In the wake of a cyber-attack simulation, US financial services industry trade body Sifma has called on politicians to bring in legislation designed to improve communication between the government and private firms.
Knight Capital reaches $12m SEC settlement over IT meltdown
October 16, 2013 - The Securities and Exchange Commission today announced that Knight Capital Americas LLC has agreed to pay $12 million to settle charges that it violated the agency's market access rule in connection with the firm's Aug. 1, 2012 trading incident that disrupted the markets.
Regulators consult on risk reporting standard for CCPs
October 15, 2013 - The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative document on the Public quantitative disclosure standards for central counterparties.
Wolters Kluwer Financial Services Ready to Help Institutions Meet CCAR and Dodd-Frank Stress Testing Requirements
October 10, 2013 - Wolters Kluwer Financial Services announced today that it can help financial institutions meet the Comprehensive Capital Analysis and Review and Dodd-Frank Act Stress Testing reporting requirements that are effective Jan. 5, 2014. In preparation for the CCAR and DFAST requirements, many bank executives find their time dominated by difficult data compilation, disparate calculation processes, and manual report generation and submissions.
FTI Consulting appoints Christine Moran as MD of financial services governance group
October 2, 2013 - FTI Consulting, Inc. (FCN), the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value, today announced the appointment of Christine Moran as a Managing Director in the company's Financial Services Governance, Risk and Regulation practice. Ms. Moran will be based in London.
DTCC partners banks on global utility for client reference data
September 30, 2013 - The Depository Trust & Clearing Corporation (DTCC) has teamed up with a group of major global banks in a bid to develop a global service to collect and manage the client entity reference data necessary to meet regulatory requirements.
