Reporting/compliance

683 articles tagged with this keyword

/Reporting/compliance

European Commission confirms MiFID II delay

The European Commission has confirmed a one-year delay to the introduction of new trading rules for capital markets firms under the MiFID II regime.

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Banks reach tipping point in fight against financial crime - research

UK banks are reaching a tipping point in the fight against financial crime, with more than 60% agreeing that there is enough or too much regulation, but inadequate enforcement, according to research from LexisNexis Risk Solutions.

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Pressure builds to delay MiFID II reforms

Pressure is mounting on the European Commission to postpone the implementation of securities market reforms under MiFID II by a year, as banks and brokers struggle to adapt their IT systems to meet the 2017 timetable.

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Barclays appoints new CEO

UK bank Barclays has appointed veteran US banker Jes Staley as its new chief executive

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One-in-four P2P lenders withdraw from tougher regulatory regime

Over a quarter (26%) of applications from UK-based peer-to-peer lenders seeking FCA authorisation have been withdrawn, raising concerns over firms’ ability to meet new regulatory requirements, says consultancy Bovill.

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CFTC institutes first action against bitcoin options trader

In its first action against an unregistered bitcoin options trading platform, the Commodity Futures Trading Commission (CFTC) in the US has ruled that virtual currencies are a commodity and as such should come under the purview of the Commodity Exchange Act (CEA).

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Icap takes stake in regulatory reporting firm Abide Financial

Interdealer broker Icap has made a 'transformational' investment in regulatory reporting outfit Abide Financial.

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Asic extends Innovation Hub initiative

An 'Innovation Hub' established by Australian financial watchdog Asic to help fintech startups navigate the regulatory landscape is reporting strong demand for its services from budding businesses keen to break into financial services.

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Banks launch IM service to rival Bloomberg

A consortium of Wall Street banks has launched an instant messaging platform it hopes will loosen Bloomberg's vice-like grip on the market for real-time communication between traders.

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Top-tier financial firms consolidating reconciliation

With regulatory requirements driving reconciliation at top-tier financial institutions, many are consolidating through centres of excellence, according to a report from SunGard and Aite.

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Global fintech investment triples - Accenture

Global investment in financial technology tripled last year to hit $12.2 billion, with the US market dominating, according to a report from Accenture and the Partnership Fund for New York City.

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Swift extends KYC Registry to funds and custody

Banking co-operative Swift is is extending the reach of its KYC Registry utility beyond correspondent banking to support Know Your Customer compliance requirements for funds distribution and custody services.

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Finra backtracks as opposition to Cards projects mounts

In the face of fierce opposition from industry bodies, Wall Street watchdog Finra appears to be backtracking on proposals to introduce an automated data collection system designed to help identify risky and suspicious activities.

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US authorities throw the book at Ripple Labs

Ripple Labs has been fined $700,000 by the US Financial Crimes Enforcement Network (FinCEN) in the first successful civil enforcement action against a virtual currency exchange.

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Seed Alpha bids to become iTunes of equity research

Seed Alpha is hoping to shake up the way equity research is paid for by introducing an iTunes style one-stop-shop where users can pick and choose the reports they want to buy.

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Swift Business Forum London - Live blog

Returning for its fifth year, the SWIFT Business Forum London will bring together 800 plus financial services professionals to explore the theme of harnessing change in financial services.

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Merrill slapped with record fine for repeated transaction reporting failures

The Financial Conduct Authority has fined Merrill Lynch a record £13.3 million for repeated breaches of transaction reporting rules.

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Esma issues call for evidence on virtual currencies

The European Securities and Markets Authority (Esma) is to undertake an investigation into the use of virtual currency or distributed ledger technology in the capital markets.

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Canada's D+H agrees $1.25bn Fundtech acquisition

Canadian financial technology firm D+H is to buy transaction banking vendor Fundtech for $1.25 billion in cash, subject to regulatory approvals.

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FCA to probe investment and corporate banking competition

The Financial Conduct Authority (FCA) is to launch its first wholesale market study into investment and corporate banking to assess whether competition in the sector is working properly.