FACTBOX: The 11 Russians and Ukrainians facing U.S. sanctions
U.S. President Barack Obama on Monday imposed sanctions on 11 Russian and Ukrainian officials blamed for Russian forces' seizure of Ukraine's Crimea region, which has voted to join Russia. Obama's...
View ArticleBig banks need an accountable point person for money-laundering lapses -U.S....
Big banks should designate senior managers to oversee efforts to police transactions for criminal activity and take responsibility when lapses occur, a top U.S. financial regulator said on Monday at an...
View ArticleAustralia will urge G20 to promote role of central banks in crisis prevention
Australia will use its presidency of the G20 this year as an opportunity to promote the role of central banks as a vital component in the quest for greater financial stability and more effective...
View ArticleInterview: U.S. regulator warns on auditors' marketing practices
A top U.S. audit regulator is sounding the alarm over what she fears may be a false stamp of approval that some accounting firms are using as they market themselves to potential clients. A growing...
View ArticleMen from Ukraine and New York indicted in U.S. cybercrime case
Federal prosecutors on Monday announced the indictment of three men they accuse of being members of an international cybercrime ring that tried to steal at least $15 million by hacking into U.S....
View ArticleMt. Gox updates website, allows customers to check bitcoin balances
Mt. Gox, a leading bitcoin exchange that late last month filed for bankruptcy protection, updated its website on Tuesday to allow customers to log in and verify their wallet, or account, balance. The...
View ArticleGE'S credit card unit says facing two federal investigations
Federal regulators are conducting two investigations into General Electric Co's credit card business for potential violations of consumer finance laws, according to a regulatory filing related to the...
View ArticleMSRB proposes testing municipal advisors
The Municipal Securities Rulemaking Board is considering establishing qualification requirements for municipal advisor professionals, and requiring them to take and pass a proficiency examination. The...
View ArticleBanks on frontline of U.S.-Russia sanctions row; retaliation threatened,...
The U.S. government's decision to blacklist several Russians and Ukrainians in response to Russia's takeover of Crimea may well spark a tit-for-tat sanctions exchange with Russia that will leave some...
View ArticleNew York official seeks curbs on high-frequency traders
New York's attorney general urged U.S. stock exchanges and other venues on Tuesday to limit services that he said provided unfair advantages to high-frequency traders and undermined confidence in the...
View ArticleThomson Reuters launches central registry for bank client data
Thomson Reuters Corp said it has launched a central register of information to help banks meet increasing compliance demands on who they deal with and cut their costs by reducing duplication. The news...
View ArticleSeparating investment and trading desks for Volcker is a compliance nightmare...
The separation of investment and trading desks for the purposes of the Dodd-Frank Act's much dreaded "Volcker Rule" is creating a compliance nightmare for foreign banking organisations (FBOs), said a...
View ArticleBritish Columbia securities regulator finds Nevada corporation, two local...
The British Columbia Securities Commission (BCSC) has found that two BC residents and a Nevada-based corporation illegally distributed securities and breached a cease-trade order (CTO). According to...
View ArticleCitigroup unit to pay $1.1 million to settle short-selling case with FINRA,...
A unit of Citigroup Inc will pay $1.1 million to settle civil charges it violated certain short-selling rules designed to reduce market manipulation risks, a Wall Street-funded regulator and BATS...
View ArticleSEC, FINRA to hold broker-dealer compliance outreach programs in six cities
The Securities and Exchange Commission and the Financial Industry Regulatory Authority will hold six regional compliance outreach programs for broker-dealers starting next month, the SEC and FINRA said...
View ArticleAsset managers reject uniform standards on risk management, say they're not...
Representatives of the asset management industry pushed back against efforts to force them to adopt industry-wide standards on risk management during a meeting at the Commodity Futures Trading...
View ArticleEx-JPMorgan 'Whale' supervisor files claim against UK regulator
A former JPMorgan Chase & Co JPM.N executive fighting U.S. extradition from Spain for allegedly helping to hide more than $6.2 billion in trading losses has filed a claim against Britain's...
View ArticleNY regulator says financial firms could face bans over money laundering
New York state's top financial regulator on Wednesday said his office, as part of efforts to crack down further on Wall Street misdeeds, is considering banning certain banks from specific businesses....
View ArticleBitcoin firms explore U.S. rules for derivative exchanges
Companies have inquired in the past month about regulations that would govern exchanges for bitcoin derivatives, a top U.S. regulator said on Wednesday, a sign such virtual currencies could become a...
View ArticleU.S. swaps regulator seeks help from markets to clean up data
The U.S. derivatives regulator on Wednesday asked market participants to answer a long list of questions it hopes will help it cope with a deluge of data on the $630 trillion market it newly regulates....
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