711 articles tagged with this keyword
News/Reporting/compliance
A former Goldman Sachs trader has been charged by US regulators with bypassing internal systems to conceal an $8.3 billion position from the bank and defraud it of $118 million.
09 November 2012
The growth of virtual currency schemes such as Bitcoin and Second Life's Linden Dollars, could have a negative reputational impact on central banks due to their inherent instability, warns the European Central Bank.
30 October 2012
The feasibility of US government plans that would require travellers to add pre-paid card balances to declaration reports when they cross borders have been called into question.
More than half of financial institutions have not yet embarked on real-time reconciliation for any of their asset classes and do not expect to be in a position to move to do so by the end of 2013, according to a survey conducted by Gresham Computing
29 October 2012
A quarter of financial institutions around the world are exiting businesses because of the impact of increased capital requirements, according to a survey by the Professional Risk Managers' International Association (Prmia).
09 October 2012
Market data firms and index compilers are set to go to tender for the right to administer a souped-up version of the tainted London Interbank Offered Rate (Libor).
28 September 2012
High-frequency traders operating in European markets will be forced to keep orders open for at least half-a-second under tough new trading rules voted through by the European Parliament's Economic and Monetary Affairs Committee late on Wednesday.
27 September 2012
The German cabinet is set to approve a draft law curbing high-frequency trading, according to Reuters.
26 September 2012
Discover Financial Services has been ordered by US authorities to refund around $200 million to more than 3.5 million cardholders that it mislead into buying unnecessary add-on products.
25 September 2012
Exchange operator Nasdaq OMX has teamed up with e-commerce giant Amazon on a cloud computing platform for financial services firms to store data on.
The Securities and Exchange Commission has fined the New York Stock Exchange $5 million for giving proprietary customers a head-start by sending them market data before it went out to the public.
14 September 2012
BlackRock Investment Management (UK) (BIM) has been fined £9.53 million by the FSA after errors caused by systems changes put client money at risk.
11 September 2012
The UK's Financial Services Authority (FSA) has signed for Nasdaq OMX's Smarts Integrity market surveillance system to help monitor transaction reports.
10 September 2012
A senior Bank of England executive has called for a rethink of the Basel Capital Accord, suggesting instead that regulatory bodies rip up the rule-books and adopt a simpler judgement-based supervisory approach.
03 September 2012
A UK-government commissioned working paper on the economic impact of MiFID II has hit out at several key computer trading rule proposals, warning that they could damage economic growth.
The Bank for International Settlement has issued fresh guidance on the management of foreign exchange settlement risk, amid concerns that bank back offices are being overwhelmed by massive growth in FX dealing volumes.
21 August 2012
Australian and UK watchdogs have both warned of the potential financial and regulatory risks for participants involved in the fast-growing crowdfunding sector.
14 August 2012
Shares in Standard Chartered fell more than 20% in morning trading after a US regulator accused the bank of falsifying thousands of Swift wire payment directions to help hide $250 billion in transactions linked to Iran.
07 August 2012
HSBC's head of compliance fell on his sword in front of a US Senate subcommittee Tuesday after the banking giant was excoriated for lax money laundering controls.
18 July 2012
US tech firm Wolters Kluwer is extending its interest in the financial risk and reporting arena with the acquisition of Belgium's FinArch.
16 July 2012
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.