1645 articles tagged with this keyword
News/Reporting/compliance
US futures regulators have upbraided the Chicago Mercantile Exchange and Chicago Board of Trade for cutting compliance staff levels in the wake of their 2007 merger.
16 September 2010
The European Commission is proposing new regulations aimed at improving transparency and safety in over-the-counter (OTC) derivatives markets and tougher controls on short selling and credit default swaps.
15 September 2010
PayPal has created a new post of chief compliance officer as it seeks to expand its payments business internationally.
Global IT spending on reconciliation exception management will hit $700 million this year, with around half of this making its way to third party software vendors, according to research house Celent.
A small US high frequency trading firm and several of its employees have been fined a total of $2.26 million for manipulating stock prices through a technique called "layering".
13 September 2010
Société Générale has been fined £1.575 million by the UK's Financial Services Authority (FSA) for failing to hand over accurate transaction reports.
25 August 2010
Zurich Insurance's UK arm has been hit with a record £2.275 million fine from the Financial Services Authority (FSA) over the loss of a backup data tape containing the details of 46,000 customers.
24 August 2010
Indian IT firm Religare Technova has moved to gain a foothold in the risk management sector by buying a stake in the parent company of specialist Chase Cooper and forming a strategic partnership. Financial terms were not disclosed.
18 August 2010
Bats Global Markets says it will launch its second US equities exchange in the next couple of months after receiving regulatory approval from the SEC.
16 August 2010
French banking giant Societe Generale has gone live with compliance risk assessment and management technology from MetricStream.
11 August 2010
Royal Bank of Scotland (RBS) has been fined £5.6 million by the Financial Services Authority (FSA) for IT systems failures that could have resulted in terrorist financing.
03 August 2010
Government-owned Commercial Bank of Ethiopia (CBE) has selected technology from Swiss vendor Temenos for an overhaul of its operational infrastructure.
02 August 2010
The introduction of a European consolidated tape for EU market data is a "necessity" says the Committee of European Securities Regulators (CESR) in a report to the European Commission which calls for wide-ranging reforms to the structure of trading under a revised MiFID rulebook.
29 July 2010
Spanish bourse Bolsas y Mercados Españoles (BME) and Clearstream have begun testing their planned European OTC trade repository with the support of local banks BBVA and Banco Sabadell.
22 July 2010
The Depository Trust & Clearing Corporation (DTCC) has acquired Avox, a UK-based reference data firm majority-owned by Deutsche Börse in a cash deal valuing the business at a "low double digit million GBP figure".
01 July 2010
Despite receiving regulatory approval, Cantor Fitzgerald appears set to abandon plans to launch an exchange for trading movie box office receipt contracts after lawmakers moved to ban the practice.
29 June 2010
Spending on IT by UK financial services firms is set to remain flat over the next year, while employment in the sector could be set for a modest rise, according to a survey from the CBI and PwC which also reveals industry growth in the last quarter has been lower than expected.
28 June 2010
Over 90% of Wall Street firms expect to increase spending on analytics over the next year, with risk and compliance the areas most likely to see greater investment, according to a survey from IBM and Sifma.
24 June 2010
In a bid to tackle money laundering and terrorist financing, the US Financial Crimes Enforcement Network (FinCEN) has proposed new rules to tighten regulatory control of non-bank pre-paid devices.
23 June 2010
The People's Bank of China (PBoC) is set to take over supervision of non-financial institution payment service providers, creating a regulatory framework for the fast-growing market.
22 June 2010
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