709 articles tagged with this keyword
News/Reporting/compliance
The Financial Services Authority is ready to launch a crack-down on bank anti-money laundering practices after finding serious weaknesses in banks' systems and controls and a willingness to turn a blind eye to profitable business relationships with high-risk customers and regimes.
23 June 2011
Pay scales for IT contractors in the City have begun to bounce back after the recession, as a Europe-wide shortage of skills for Solvency II and Basel III compliance coupled with renewed financial services investment drives up rates.
10 June 2011
The UK government is planning to scrap a raft of criminal penalties for firms that fail to use proper systems and controls for fighting money laundering.
09 June 2011
A group of proprietary trading firms have set up a European lobby group as they prepare for greater regulatory scrutiny of high-frequency trading.
08 June 2011
Actiance has released an upgrade to its social media monitoring platform that allows financial services firms to keep track of changes made to employee LinkedIn profiles.
US and UK banks are already making changes to their capital markets operations to help meet new regulations, even though these rules are still clouded in uncertainty, according to research commissioned by Capco.
03 June 2011
The world's biggest sell-side banks have formed a working group to push the adoption of FIX connectivity for fixed income trading.
01 June 2011
Japan's Financial Services Agency has ordered Mizuho Bank to review its group-wide IT systems and contingency planning strategy and rectify defects in its corporate culture following a major technology failure in March.
Morgan Stanley Smith Barney is set to become the first big American wealth manager to let its brokers use Twitter, although each message will have to be pre-approved by the firms.
26 May 2011
A European Parliament committee has given its backing to legislation that will see more derivative trades settled through clearing houses. Meanwhile, on the other side of the Atlantic, US lawmakers have moved to delay the implementation of their own new derivatives rules.
25 May 2011
The first quarter of 2010 may have been a high watermark in the investment banking IT recruitment market which is unlikely to be surpassed in the foreseeable future, according to research by City recruitment firm McGregor Boyall.
More than three quarters of financial services industry technology executives expect to increase their IT spending over the next year, according to a Bloomberg survey which also suggests a shift to greater use of hosted services.
23 May 2011
Thomson Reuters has acquired London-based financial crime and corruption prevention specialist World-Check. Financial terms of the deal were not disclosed.
17 May 2011
Teleware has launched a 'clientless' mobile call recording system designed to help financial services firms meet FSA rules set to come into effect later this year.
11 May 2011
Technology spending in the foreign exchange market is on the rise thanks to the growth of algorithmic trading and 'electronification' of the business, according to a report from Celent.
05 May 2011
Plans to create a new legal entity identifier (LEI) system to help regulators and industry participants monitor systemic risk are gathering momentum, with Swift winning a vote to act as the registration authority for the ISO standard and a group of trade associations setting out their framework.
Financial messaging body Swift has selected technology from Sword FircoSoft to support a new centralised sanctions screening service aimed at small banks.
04 May 2011
The Financial Services Authority is bombarding member firms with so much written material that it is hampering compliance activities, according to a survey conducted by the Chartered Institute for Securities & Investment (CISI).
03 May 2011
The world's biggest investment banks are being investigated in two European Commission antitrust probes into the credit default swaps (CDS) market.
HSBC's UK insurance business has selected IBM to help it develop and roll out a business analytics system ahead of upcoming European Solvency II legislation.
27 April 2011
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