Reporting/compliance

1638 articles tagged with this keyword

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Religare Technova takes major equity stake in Chase Cooper

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.

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Bats gets SEC green light for second US exchange

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.

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SocGen live with MetricStream for compliance risk programme

French banking giant Societe Generale has gone live with compliance risk assessment and management technology from MetricStream.

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RBS hit with £5.6m fine for sanctions screening failings

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.

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Commercial Bank of Ethiopia signs for Temenos T24

Government-owned Commercial Bank of Ethiopia (CBE) has selected technology from Swiss vendor Temenos for an overhaul of its operational infrastructure.

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CESR signals MiFID overhaul

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.

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BME/Clearstream OTC repository enters pilot phase with BBVA and Banco Sabadell

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.

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DTCC buys reference data firm Avox; plans European trade reporting repository

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".

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Cantor to drop movie exchange in face of looming government ban

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.

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UK finance sector IT spending to remain flat - survey

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.

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Wall Street steps up analytics spending

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.

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US regulators turn attention to pre-paid money laundering threat

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.

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China moves to regulate non-bank online payment providers

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.

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FSA warns on social media financial promotions

The FSA says financial firms must ensure they provide appropriate risk warnings when using new media such as social networking sites, blogs and forums to promote products and services.

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CFTC proposes co-location rule

The US Commodity Futures Trading Commission (CFTC) is calling for a new rule governing co-location in a bid to level the playing field for traders.

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Thomson Reuters to acquire Complinet

Thomson Reuters is to acquire compliance information resource Complinet. Terms of the deal, expected to close in the second quarter, were not disclosed.

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EU Parliament bids to stifle derivatives trading

The influential EU Economic and Monetary Affairs Committee has called for an outright ban on speculative trading in certain derivatives contracts and the imposition of higher capital requirements for firms handling contracts that are not cleared centrally.

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Diebold pays $25m over accounting fraud charges

ATM manufacturer Diebold has agreed to pay $25 million to settle Securities and Exchange Commission charges of fraudulent accounting designed to inflate earnings.