709 articles tagged with this keyword
News/Reporting/compliance
European financial services firms are not placing enough emphasis on risk management when it comes to decision-making and performance, while IT systems are struggling to cope with increased regulatory demand, according to research commissioned by Oracle.
22 October 2010
Lombard Risk Management swung to a first half net profit on strong revenue growth as the vendor cashed in on new Financial Services Authority (FSA) liquidity standards regulations.
18 October 2010
The Futures Industry Association has fired the latest salvo in its campaign to head off onerous new record-keeping rules by pressing ahead with plans for an ownership and control reporting system that it claims will form a 'practical and cost-effective' alternative to that proposed by industry watchdogs.
12 October 2010
The Financial Services Authority (FSA) plans to shake up its complaints handling rules after revealing that more than 7000 gripes against high street banks are lodged every day, with Lloyds topping the league of shame.
30 September 2010
US futures regulators have upbraided the Chicago Mercantile Exchange and Chicago Board of Trade for cutting compliance staff levels in the wake of their 2007 merger.
16 September 2010
The European Commission is proposing new regulations aimed at improving transparency and safety in over-the-counter (OTC) derivatives markets and tougher controls on short selling and credit default swaps.
15 September 2010
PayPal has created a new post of chief compliance officer as it seeks to expand its payments business internationally.
Global IT spending on reconciliation exception management will hit $700 million this year, with around half of this making its way to third party software vendors, according to research house Celent.
A small US high frequency trading firm and several of its employees have been fined a total of $2.26 million for manipulating stock prices through a technique called "layering".
13 September 2010
Société Générale has been fined £1.575 million by the UK's Financial Services Authority (FSA) for failing to hand over accurate transaction reports.
25 August 2010
Zurich Insurance's UK arm has been hit with a record £2.275 million fine from the Financial Services Authority (FSA) over the loss of a backup data tape containing the details of 46,000 customers.
24 August 2010
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.
18 August 2010
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.
16 August 2010
French banking giant Societe Generale has gone live with compliance risk assessment and management technology from MetricStream.
11 August 2010
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.
03 August 2010
Government-owned Commercial Bank of Ethiopia (CBE) has selected technology from Swiss vendor Temenos for an overhaul of its operational infrastructure.
02 August 2010
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.
29 July 2010
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.
22 July 2010
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".
01 July 2010
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.
29 June 2010
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