EFT liquidity risks concern global regulators, Canada's Basel representative...
The international Financial Stability Board is looking at whether exchange-traded funds could pose a risk to the world's financial system when interest rates eventually start to go up, a top Bank of...
View ArticleU.S. Fed warns that risky leveraged loans may affect bank stress tests - report
The U.S. Federal Reserve is warning banks that lending for deals that load up companies with too much debt could impact its assessment of banks' loan loss rates in the next stress test, the Financial...
View ArticleArab Bank liability verdict in Hamas case could fuel erosion of...
A U.S. court verdict finding that Arab Bank Plc had provided material support to Hamas could backfire against efforts to fight militant networks through their financial support, by forcing U.S. banks...
View ArticleBREAKINGVIEWS: Banks' next big risk: IT
It may be a market myth that one UK bank still operates an information technology system recording payments in shillings, a unit of currency abolished in 1971. But almost all established lenders...
View ArticleSFO lacks the investigation tools of U.S. counterparts to bring bribery...
The Serious Fraud Office lacks the investigatory tools of its American counterparts to investigate properly cases of bribery and corruption, according to a former prosecutor at the Department of...
View ArticleU.S. probe into Pimco's ETF separate from wider disclosure scrutiny -report
A probe by the U.S. Securities and Exchange Commision into Pimco's Total Return Exchange-Traded Fund is separate from a wider scrutiny of disclosures in the ETF industry, Bloomberg said on Wednesday,...
View ArticleAirline employees face money-laundering charges for alleged cash smuggling in...
Five commercial airline employees on Wednesday were charged with money laundering for allegedly conspiring to smuggle hundreds of thousands of dollars in drug-trafficking proceeds past security...
View ArticleEx-investor relations exec pleads guilty in NY to insider trading
A former executive at a New York investor relations firm, whose barefoot dash from news photographers last month caught the attention of Comedy Central's The Daily Show, pleaded guilty on Wednesday to...
View ArticleU.S. imposes financial sanctions on Islamist fighters
The United States designated two dozen individuals and groups as foreign terrorists or terrorist facilitators on Wednesday, enabling it to freeze assets and block financial transactions as it stepped...
View ArticleUK talking to six banks about settling foreign exchange probe — sources
Britain's financial regulator has intensified talks with six major banks over allegations of collusion and manipulation in the foreign exchange market, setting the stage for a group settlement that...
View ArticleSEC's strategic plan says agency needs bigger budget to meet its goals
The U.S. Securities and Exchange Commission needs a bigger budget to be effective in meeting the responsibilities it inherited after the financial crisis, according to its strategic plan for 2014-2018....
View ArticleUS Bank to pay $57 million over 'add-on' products
U.S. financial regulators said on Thursday that US Bank will pay about $57 million to resolve allegations it charged consumers for services they did not actually receive. The U.S. Office of the...
View ArticleUK regulator FCA in talks with 6 banks over FX settlement -sources
Britain's Financial Conduct Authority held talks this week with six banks over a coordinated settlement after its investigation into allegations of collusion and manipulation in the global currency...
View ArticleU.S. SEC wins hundreds of millions in Wyly fraud case
Texas tycoon Sam Wyly and his late brother Charles' estate must pay hundreds of millions of dollars to the U.S. Securities and Exchange Commission for a fraudulent offshore scheme, a U.S. judge said on...
View ArticleGoldman tightens conflics rules; senator seeks hearings after secret tapes of...
Goldman Sachs Group Inc has tightened rules on investments its bankers can make in individual stocks and bonds, a company spokesman said on Friday. Goldman's decision, announced internally on Friday,...
View ArticleSwiss bank UBS warns of penalties as foreign exchange settlement talks begin
Switzerland's largest bank UBS warned it faced new fines after confirming it was holding talks to settle allegations it was involved in rigging foreign exchange rates. Authorities from around the world...
View ArticleLloyds Bank dismisses eight staff after rate rigging probe
Lloyds Banking Group said on Monday it had dismissed eight staff following an investigation into the submission of benchmark interest rates after it was fined in July by American and British...
View ArticleU.S. regulators probe bank maneuver to cut hedge funds' taxes
A trading strategy employed by large banks to help hedge funds and other clients cut taxes has drawn criticism from U.S. authorities, the Wall Street Journal reported. The trading strategy, known as...
View ArticleCFTC fines Barclays' African subsidiary over unlawful trades on CBOT
The U.S. Commodity Futures Trading Commission fined a South Africa based subsidiary of Barclays bank $150,000 for making fictitious trades with another bank on the Chicago Board of Trade exchange. The...
View ArticleExchanges to meet deadline to for U.S. audit trail plan
U.S. exchange officials said on Friday they will withdraw a request for more time to submit a plan for building a massive depository of all equity and options transactions, a project designed to better...
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