SEC's Aguilar, staffers call for better ways to meet technology and...
Trading venues should be required to have mechanisms to halt activity when technology breakdowns can potentially cause massive disruptions to the market, Commissioner Luis Aguilar of the Securities and...
View ArticleSymantec wins dismissal of 'say-on-pay' lawsuit
Symantec Corp has won the dismissal of a lawsuit accusing it of not disclosing enough information about its compensation practices before a "say-on-pay" vote, in what marked the first ruling of its...
View ArticleExtraterritorial legislation offers glimpse into the future, conference told
The extraterritorial push by some countries on financial regulation, notably the United States, is generally a force for good, a straw poll of regulators and compliance professionals has found. The...
View ArticleInvestors face two sets of rules for banks' loan losses
Investors will have to grapple with two sets of rules for how banks recognise losses on loans after the world's two main accounting regulators failed to agree a common approach. At the height of the...
View ArticleU.S. offered seat on new global accounting panel
The United States has been offered a seat on a new global accounting panel, in a move that the body behind the initiative hopes will help persuade the world's biggest capital market to adopt its rules....
View ArticleCanada's Carney says more work needed to rebuild trust in banks
Banks and regulators must do much more to rebuild the trust in the financial system that was shattered in the recent crisis, Bank of Canada Governor Mark Carney, head of the G20's Financial Stability...
View ArticleFATF names and shames jurisdictions with unaddressed anti-laundering weaknesses
The global anti-money laundering standard-setter has identified 15 countries it says have failed to take adequate steps to combat money laundering and terrorist financing. At the top of the Financial...
View ArticleSenior regulator emphasizes importance of quality of supervision
Firms will see a "palpable" shift from regulation to supervision if they have not already noticed it, said William Coen, deputy secretary general of the Basel Committee on Banking Supervision. His...
View ArticleBipartisan group lays out plan to shutter Fannie Mae, Freddie Mac
A bipartisan panel called on Monday for winding down government-controlled mortgage finance firms Fannie Mae and Freddie Mac as part of an effort to have private lenders take on more of the risk of...
View ArticleVIA MAT to stop storing private U.S. gold outside United States
Precious metals company VIA MAT will stop holding gold owned by private U.S. taxpayers in its vaults outside the United States from mid-2013, it said in a statement on Monday. The decision affects only...
View ArticlePREVIEW: New York State to release Wall Street bonuses report
New York State's top financial officer will release estimates of Wall Street 2012 cash bonuses on Tuesday as public scrutiny of bankers' pay continues unabated. New York State Comptroller Thomas...
View ArticleCFTC levels $600,000 fine against commodity trading advisor in $3 million...
The Commodity Futures Trading Commission has secured a $600,000 fine against a commodity trading advisor who defrauded investors in a $3 million foreign exchange trading scheme. A court order from...
View ArticleU.S. Senators urge EU to plug ECB loophole in Iran sanctions
U.S. senators on Monday urged European Union leaders to do more to stop the Iranian government from using the European Central Bank, saying the bank's payment system may inadvertently be aiding Tehran...
View ArticleBarclays loses 'confidential' treatment of regulatory fight
Details of Barclays' fight with the U.S. energy regulator over alleged power market manipulation will be made public now that officials have rejected the investment bank's claim the probe is a...
View ArticleWife killer admits defrauding customers of insurance business and laundering...
A Tennessee man who last year was convicted of killing his wife has pleaded guilty to federal fraud and money laundering charges, admitting he used an investment and insurance business to swindle...
View ArticleU.S. consumer watchdog meeting with states on offshore lenders
The U.S. Consumer Financial Protection Bureau is working with the states to crack down on payday lenders that are located offshore and operating online, the agency's director Richard Cordray said on...
View ArticleCanada regulators to propose extended poison pills
Canadian securities regulators want to change the rules on takeover defenses to make it more difficult for hostile bidders to buy Canadian companies, according to officials and lawyers briefed on the...
View ArticleCanadian investment regulator proposes new debt security reporting rules
The Investment Industry Regulatory Organisation of Canada (IIROC) has proposed new transaction reporting rules for debt securities. The new rules would require dealer members to report all debt market...
View ArticleConnecticut hedge fund managers arrested on fraud charges
Three senior executives of New Stream Capital, a Connecticut hedge fund, were arrested and charged on Tuesday for allegedly lying about the fund's structure and financial condition in 2008 before it...
View ArticleCanadian securities enforcement report highlights fraud as emerging issue
The Canadian Securities Administrators (CSA), which oversees Canada's provincial securities regulators, have published enforcement statistics for 2012. The results show an increased focus on fraud, as...
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