German lawmakers seek Deutsche Bank whistleblower probe
German politicians called for regulators to investigate claims by a former employee alleging Deutsche Bank AG had failed to recognise billions of euros in unrealised losses. Law firm Labaton Sucharow...
View ArticleCFTC no-action letter gives relief on forex pre-trade mid-market mark
The Commodity Futures Trading Commission on Thursday issued a no-action letter that provides swap dealers and major swap participants with relief from the requirement to disclose the pre-trade...
View ArticleWashington state woman heads to prison for pumping drug money through bank...
A Washington State woman on Thursday was sentenced to five years in prison for laundering the proceeds of a drug trafficking conspiracy she and her husband ran out of their Puget Sound home, federal...
View ArticleU.S. power regulator not trying to push Wall Street out of markets, agency...
The federal electricity regulator has turned heads with recent manipulation cases against large banks that trade power, but its chairman said on Thursday the agency is not aiming to push Wall Street...
View ArticleNew Iran sanctions measure to 'lock up' oil earnings
The United States has aggressively ramped up its use of financial sanctions this year to pressure Iran to stop pursuing nuclear weapons, but a measure that takes effect in February could have the most...
View ArticleSEC partially lifts moratorium on actively managed ETFs
The U.S. Securities and Exchange Commission is partially lifting an almost three-year-old moratorium on applications for actively managed, exchange-traded funds, creating an opportunity for fund...
View ArticleUniform fiduciary standard for brokers and advisers on track, but slow –SEC...
Securities and Exchange Commission staffers are recommending that the agency consider harmonizing broker-dealer and investment adviser regulation if it would meaningfully add to investor protection,...
View ArticleInvestor advocates press U.S. SEC to finish 'bad actor' rule
It would not seem difficult for regulators to block felons and other law-breakers from pitching private investment deals to unsophisticated customers, but nearly 20 months after proposing its "bad...
View ArticleNetflix says CEO's Facebook post triggered SEC notice over disclosure
Netflix Inc said on Thursday securities regulators warned they may bring civil action against the company and its chief executive for violating public disclosure rules with a Facebook post, in a case...
View ArticleStandard Chartered settlement to come Monday, sources say
Standard Chartered, a British bank, is expected to announce on Monday a $330 million settlement with U.S. law-enforcement agencies, a deal that would conclude an investigation that examined whether the...
View ArticleScrap risk-weighted capital requirements, and rely solely on leverage ratio,...
The vice-chair of the European Banking Authority's banking stakeholder group has called for the scrapping of the risk-weighted assets (RWA) system in Basel III and its replacement with a simple...
View ArticleBIS adviser says easier money won't solve underlying problems
Looser monetary policy has pushed up stock and bond prices despite a weaker economic outlook and company profit warnings, creating a disconnect, with fundamental problems unresolved, the Bank for...
View ArticleBank of England and FDIC release joint paper on resolving G-SIFIs
The U.S. Federal Deposit Insurance Corporation and the Bank of England have released a joint paper (PDF) outlining resolution strategies for globally active, systemically important financial...
View ArticleAfter MF Global, insurance weighed to protect futures customers
Long-derided as unsuitable for sophisticated futures markets, insurance is getting a surge of attention heading into the new year as the industry works to patch itself up after the stunning collapse of...
View ArticleU.S., UK regulators see progress in bank-seizure plans, urge more work in UK
Both the United States and United Kingdom have developed viable approaches to seizing and unwinding failing global financial institutions, but more work is needed on the UK side to ensure that losses...
View ArticleMerrill sweetens settlement for ex-brokers in deferred pay cases
Merrill Lynch may be one step closer to ending its battle with former brokers who say the firm denied them deferred compensation when they left after the brokerage was bought by Bank of America Corp....
View ArticleSEC's Aguilar says could support money-market proposal
A key member of the U.S. Securities and Exchange Commission now says he is open to further reform of the money market fund industry, but it is unclear if his support will be enough to get a divided SEC...
View ArticleEXCLUSIVE: U.S. authorities probe SAC Capital for Weight Watchers trading -...
U.S. authorities are investigating Steven A. Cohen's SAC Capital Advisors hedge fund for alleged insider trading in the shares of the popular diet company Weight Watchers International Inc, according...
View ArticleFINRA seeks broker recruiting bonus disclosure
Wall Street's self-imposed watchdog is pushing ahead with a possible rule that would bring more transparency to the incentives offered to brokers who make a move to a new firm. Such a rule would shed...
View ArticleCFTC fines Goldman Sachs over supervisory, reporting violations
The Commodity Futures Trading Commission fined Goldman Sachs & Company $1.5 million on Friday for failing to diligently supervise a suspected rogue trader and for not fully and timely reporting the...
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