Latest Reporting/compliance News: Finextra Research

More data needed to crack down on algo abuse - Finra

US regulatory body Finra is currently investigating 170 separate instances of potential market abuse by algorithmic trading firms.

22 May 2014

News/Reporting/compliance

Risk spending consuming bigger share of IT budgets - IDC

Spending on risk management by capital markets firms is expected to consume one-quarter of IT budgets by 2018, according to forecasts by IDC Financial Insights.

15 May 2014

News/Reporting/compliance

Swift launches tool to help banks manage financial crime risk

Swift continues to build up its compliance unit through the launch of a business intelligence tool that lets banks comb through their own Swift traffic data in search of financial crime risks.

29 April 2014

News/Reporting/compliance

Swift Business Forum - London 2014 - Live Blog

Welcome to Finextra's live blog from the Swift Business Forum, London 2014, which was held Monday at the Brewery venue in the City of London, UK. This fourth instalment of the financial services Forum in the UK capital is entitled 'Doing good business in an era of re-regulation'.

29 April 2014

News/Reporting/compliance

SEC to conduct market-wide cyber-security checks

The Securities and Exchange Commission is to conduct checks on more than 50 registered broker-dealers and investment advisors to assess their ability to counteract cyber-security threats.

16 April 2014

News/Reporting/compliance

MEPs vote to curb high-frequency trading

Members of the European Parliament have voted through new rules designed to clamp down on high-frequency trading 'Flash Boys'.

16 April 2014

News/Reporting/compliance

Sifma calls for US rulemakers to step up deployment of Legal Entity Identifiers

US securities trade body Sifma has called for broader uptake of Legal Entity Identifiers by the country's regulators, amid fears that the US is being left behind as other nations push ahead with mandatory implementation of the uniform trade reporting standard.

14 April 2014

News/Reporting/compliance

Avox to double workforce as demand for reference data grows

DTCC-owned clean data utility Avox has announced plans to hire 200 new staff over the next two-years, doubling its workforce in the face of increasing industry demand for accurate reference data.

11 April 2014

News/Reporting/compliance

Swift boosts compliance services portfolio with Omnicision acquisition

Swift has acquired financial crime prevention services firm Omnicision as it continues to build up its compliance unit. Financial terms of the deal were not disclosed.

27 March 2014

News/Reporting/compliance

Thomson Reuters joins KYC utility race

Thomson Reuters is taking on Swift and a host of other start-ups in the race to develop a central utility for Know Your Customer due diligence checking with the launch of Accelus Org ID.

19 March 2014

News/Reporting/compliance

Swift signs major banks to KYC Registry

Interbank messaging network Swift has recruited a group of major banks to help develop its centralised KYC utility for the collection and distribution of standard information required by banks as part of their due diligence processes.

04 March 2014

News/Reporting/compliance

Banks and capital markets firms to boost compliance spending by 10% - Accenture

Nearly two thirds of European and North American banking and capital markets firms expect to significantly increase their spending on compliance risk management over the next couple of years, according to research from Accenture.

03 March 2014

News/Reporting/compliance

Wall Street firms suspend participation in analyst surveys

Eighteen of Wall Street's top banks have agreed to suspend their participation in surveys of analyst sentiment amid concerns that the practice gives high-speed traders an unfair advantage over ordinary investors.

26 February 2014

News/Reporting/compliance

Compliance tech specialist Strevus raises $5.6m in series a funding

Strevus, a San Francisco-based startup providing data sharing risk and compliance management technology to financial service institutions, has raised $5.6 million in a series a funding round led by Blumberg Capital.

19 February 2014

News/Reporting/compliance

Money laundering shooting up agenda but banks raise concerns over systems

Bank boardroom focus on money laundering is at an all-time high, yet a third of executives think that their transaction monitoring systems are neither efficient nor effective, according to a survey from KPMG.

29 January 2014

News/Reporting/compliance

Europe reaches agreement on MiFID reforms

A comprehensive rewrite of rules governing trading in financial markets has been agreed by the European Parliament and the bloc's Council of Ministers.

15 January 2014

News/Reporting/compliance

Swift to move into compliance space with KYC Registry

Financial messaging network Swift has announced the creation of a global Know Your Customer (KYC) Registry to help banks to manage compliance challenges and reduce the high costs associated with implementing anti-money laundering regulations.

07 January 2014

News/Reporting/compliance

Barclays fined $3.75m for electronic record keeping failures

US regulator Finra has slapped Barclays Capital with a $3.75 million fine for a decade-long failure to properly preserve electronic records, e-mails and instant messages.

02 January 2014

News/Reporting/compliance

Investors express alarm over caps on dark pool trading

EU proposals to impose volume caps on transactions executed over dark pool trading venues are meeting stiff resistance from investors, according to research from Tabb Group.

28 November 2013

News/Reporting/compliance

Live Blog: Swift Nordics Regional Conference 2013

Compliance and beyond: navigating challenges and exploring opportunities in the Nordic financial landscape

21 November 2013