Reporting/compliance

1645 articles tagged with this keyword

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US agencies Fincen and FDIC rapped by US Government Accounting Office

The Federal Deposit Insurance Corporation has been rapped over the knuckles by the US Government Accounting Office (GAO) for failing to adequately secure its information systems. The Financial Crimes Enforcement Agency, meanwhile, has been taken to task for gaps in the rules on the criminal mis-use of stored value cards.

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'Per-user' real-time LSE data reporting now in use at UBS

UBS is reporting its netted exchange data usage direct to the London Stock Exchange as part of a new 'per-user' programme, which allows firms to directly report their global real-time terminal inventory to the LSE.

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Nyse Technologies to develop EU consolidated tape

The technology arm of Nyse Euronext has announced plans to launch a consolidated tape providing complete coverage of post-trade equities data from all European regulated exchanges, MTFs, and OTC markets beginning Q3 2011.

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Call for regulators to act on m-payments money laundering risks

With mobile person-to-person money transfer services gaining traction, regulators need to act to address associated risks such as money laundering, according to the Federal Reserve Bank of Atlanta.

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Financial markets IT spending set for return to growth - Ovum

After a flat 2010, global spending on IT vendors by the financial markets sector will return to growth next year, according to analyst Ovum.

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S&P attacked over Cusip fees

Three influential US trade bodies have called on the Securities and Exchange Commission to crack down on the fees charged for securities identifiers by Standard & Poor's.

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FSA to tap trader mobile calls despite bank protests over costs

The UK's Financial Services Authority is set to make investment banks record and store traders' mobile phone calls despite industry opposition to the move which could cost more than £10,000 a handset a year.

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European Parliament backs dark pool regulation

The European Parliament's economics committee has backed a report calling for tougher regulation of dark pools and high-frequency trading.

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Deutsche Börse to buy minority stake in ID's RFQ-hub

Deutsche Börse is buying a minority stake in Investors Derivatives solutions (ID's), a Paris-based technology provider that has developed a request for quotes (RFQ) hub.

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IT costs barrier to new UK banking players

With IT accounting for up to two thirds of start up costs, technology is proving a major barrier to new entrants in the UK retail banking sector, according to the Office of Fair Trading (OFT).

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Iosco sets out plans for dark pool transparency

Dark pool trading needs to be made more transparent to ease growing concerns about price discovery, fragmentation and potential risks to market integrity, according to the International Organization of Securities Commissions (Iosco).

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Swift plans sanctions screening outsourcing service for small banks

Financial messaging body Swift has pledged to improve the sanctions screening process designed to stop the flow of illegal money transfers by launching an outsourcing service for small banks.

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ECB issues price plan and revised timetable for T2S

The European Central Bank has published its latest pricing proposal for the Target 2 Securities initiative, which sets a tariff for a delivery versus payment (DvP) instruction at 15 cents.

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Russia's financial markets deal with and new regulations.

Ruben Aganbegyan of MICEX talks about the development of the Russian financial markets through new regulation and clearing and settlement arrangements.

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State of world

HSBC weigh in on OTC regulations and the impact of AIFMD.

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Standard Chartered unviells that there's an app for that

Standard Chartered unviells its mobile banking apps.

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European banks need better integrated risk management - survey

European financial services firms are not placing enough emphasis on risk management when it comes to decision-making and performance, while IT systems are struggling to cope with increased regulatory demand, according to research commissioned by Oracle.

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Lombard swings to H1 profit on new FSA liquidity regs

Lombard Risk Management swung to a first half net profit on strong revenue growth as the vendor cashed in on new Financial Services Authority (FSA) liquidity standards regulations.

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FIA to present alternative trade reporting system to CFTC

The Futures Industry Association has fired the latest salvo in its campaign to head off onerous new record-keeping rules by pressing ahead with plans for an ownership and control reporting system that it claims will form a 'practical and cost-effective' alternative to that proposed by industry watchdogs.

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FSA calls on banks to overhaul complaints handling as customer grievances soar

The Financial Services Authority (FSA) plans to shake up its complaints handling rules after revealing that more than 7000 gripes against high street banks are lodged every day, with Lloyds topping the league of shame.