Reporting/compliance

711 articles tagged with this keyword

/Reporting/compliance

Nasdaq OMX suspends plans for competitive clearing

Nasdaq OMX has postponed plans to introduce interoperable clearing in the Nordic cash equity markets in April, citing regulatory uncertainties.

/Reporting/compliance

FSA fines Coutts £8.75m over AML failings

Coutts, the private bank owned by RBS, has been fined £8.75 million by the Financial Services Authority (FSA) for anti-money laundering systems and controls failings.

/Reporting/compliance

Getco fined $450k over lax HFT supervision

The broker-dealer unit of Getco has been fined $450,000 for failing to properly supervise its high-frequency trading.

/Reporting/compliance

Isitc members to boost IT spending

Financial industry association Isitc says that nearly two thirds of its members plan to increase their information technology spending over the next two years as regulatory compliance continues to dominate the agenda.

/Reporting/compliance

Thomson Reuters fails RIC licensing market test

Thomson Reuters has failed to appease EU antitrust bodies over proposed concessions in the way it licenses the proprietary Reuters Instrument Codes.

/Reporting/compliance

Commission proposes EU-wide settlement overhaul

The European Commission is promising to shake up cross-border securities settlement in the EU by cutting settlement timeframes and establishing a common regulatory framework for the region's 30+ central securities depositories.

/Reporting/compliance

European authorities get two months to affirm HFT governance plans

The European Securities and Markets Authority (Esma) has given national securities watchdogs two months to declare their plans for enforcing new rules on scrutinising high frequency trading activities.

/Reporting/compliance

UK and Swiss watchdogs launch formal investigations into UBS over trading scandal

UK and Swiss regulators have launched formal proceedings against UBS over the £2.3 billion unauthorised trading loss made at the bank last year.

/Reporting/compliance

Regulators demand action on Legal Entity Identifiers

International regulatory authorities have called for the urgent creation of a universal Legal Entity Identifier (LEI) in their final report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories (TRs).

/Reporting/compliance

Global retail banking IT spending on the rise - Ovum

Despite ongoing economic turmoil, global spending on retail banking technology will increase by $3.6 billion - 3.2% - in 2012, and will hit $135 billion over the next five years, according to analyst house Ovum.

/Reporting/compliance

SEC charges adviser over LinkedIn scam; steps up guidance on social media

The Securities and Exchange Commission has charged an investment adviser with trying to sell $500 billion-worth of fictitious securities on LinkedIn and other social networking sites.

/Reporting/compliance

Lombard Risk buys Sofgen regulatory reporting business

Lombard Risk Management has acquired the regulatory reporting business of Sofgen for $4.25 million in cash, loan notes and equity.

/Reporting/compliance

Cinnober releases hosted OTF package

Swedish technology supplier Cinnober has released a subscription-based hosted service for banks and brokerages looking to create an Organised Trading Facility in line with new European marketplace regulations.

/Reporting/compliance

Horlick and Winterflood join Post-Trade Forum debate

Nicola 'Superwoman' Horlick and Brian Winterflood will lead a high-powered panel of City executives debating the future of European securities markets at Finextra's final Post-Trade Forum event of the year, which takes place at the London Stock Exchange later this month.

/Reporting/compliance

SEC puts Longtop under the cosh

The Securities and Exchange Commission has charged Longtop Financial Technologies with failing to file accurate reports, paving the way for a ban on broker-dealers trading in the Chinese fintech vendor.

/Reporting/compliance

SEC rebukes Finra over altered documents

US watchdog Finra has been given a taste of its own medicine, scolded by the Securities and Exchange Commission (SEC) for allegedly doctoring documents before passing them on.

/Reporting/compliance

UBS comes up short; fined $12 million by Finra for 'systemic supervisory failure'

The Financial Industry Regulatory Authority (Finra) has fined UBS Securities $12 million for failing to properly supervise short sales of securities.

/Reporting/compliance

Dark pool operator Pipeline pays $1m to settle SEC case

Pipeline Trading Systems will pay $1 million to settle SEC charges that it failed to tell users of its dark pool that the vast majority of orders were filed by an affiliated operation.

/Reporting/compliance

UBS admits to breakdown in risk control systems

In the wake of its recent $2.3 billion loss through unauthorised trading, Swiss bank UBS has admitted that internal controls were "not effective".

/Reporting/compliance

EC plans criminal sanctions for market abuse

The European Commission has vowed to get tough on insider dealing and market manipulation, proposing EU-wide rules on minimum criminal sanctions.