IOSCO and CPSS consult on regulators' access to OTC data in trade repositories
Global standard setters are consulting on the access regulators and other authorities should have to the over-the-counter derivatives transactions data sent to trade repositories (TRs). The Committee...
View ArticleAustria slams US, UK "tax havens" as EU turns up heat
Austria hit back at critics of its banking secrecy on Thursday by urging Britain and the United States to crack down on money laundering and tax havens in their own backyards, as EU ministers prepared...
View ArticleGlobal standard setters issue new intraday liquidity management monitoring tools
Global standard setters have issued fresh guidance on how banks should monitor their intraday liquidity management. The Basel Committee on Banking Supervision, in consultation with the Committee on...
View ArticleU.S. regulator FINRA: Brokerage sold sham notes to pro athletes
A Wall Street regulator said on Thursday it has charged a Washington-based online brokerage with civil fraud related to the sale of promissory notes to 58 investors, including current and former...
View ArticleU.S. charges ex-KPMG auditor in tips-for-cash scheme, public comments seen...
As investors Carl Icahn and William Ackman bickered loudly on TV earlier this year about their opposing bets on Herbalife, two other men were discussing the company in a different context: getting...
View ArticleSenate Democrats urge regulators to rethink how consultants are hired on...
Senate Democrats urged regulators to rethink the way they use outside consultants to help fix problems at banks, after such consultants reaped some $2 billion in fees for conducting botched reviews of...
View ArticleEU ban on naked sovereign credit default swaps unnecessary, says IMF
The International Monetary fund said the European Union was moving in the wrong direction by banning the use of a hedging strategy related to sovereign credit default swaps. In a report published on...
View ArticleBasel Committee urges Basel III laggards including U.S., UK, S. Korea to...
Eleven of the 27 countries belonging to the Basel Committee on Banking Supervision now have Basel III-compliant capital rules in place, the committee said in a report (PDF) to G20 finance ministers and...
View ArticleNasdaq slashes CEO Greifeld's bonus over botched Facebook IPO
Nasdaq OMX Group Inc said it slashed the 2012 annual bonus of Chief Executive Robert Greifeld by $542,100 over the botched handling of Facebook Inc's initial public offering last year. Nasdaq said in a...
View ArticleU.S. Fed anti-money-laundering concerns to delay M&T-Hudson deal
M&T Bank Corp's MTB.N proposed purchase of Hudson City Bancorp Inc HCBK.O will probably take more time to close than previously expected because of U.S. regulatory concerns over...
View ArticleAustria defies mounting pressure to end bank secrecy
Austria defied growing pressure to follow Luxembourg in ending bank secrecy, after a group led by Europe's six biggest countries pledged to work together to tackle tax havens. Late on Friday, the...
View ArticleFormer SEC adviser to Levitt eyed for markets regulator post - sources
U.S. Securities and Exchange Commission Chairman Mary Jo White is eyeing a former adviser to ex-SEC Chairman Arthur Levitt as a potential contender for a key post in the division that oversees...
View ArticleBlackBerry to ask regulators to probe disputed report on consumer returns of...
BlackBerry plans to ask securities regulators in Canada and the United States to probe what it said is a "false and misleading" report that consumer return rates for BlackBerry's new Z10 smartphone...
View ArticleEx-Credit Suisse trader pleads guilty in U.S. mortgage case
A former Credit Suisse Group AG trader pleaded guilty to a conspiracy charge on Friday in a U.S. criminal case relating to the alleged inflation of subprime mortgage bond prices. Kareem Serageldin, the...
View ArticleSEC seeks funds to hire IA examiners, according to its latest budget request
The SEC is looking to hire more examiners to look at investment advisers, according to its budget request to Congress. It comes as the agency revealed that it only examined 8 percent of registered...
View ArticleOnly 10 of the Financial Stability Board's 24 jurisdictions have OTC reforms...
Only 10 member jurisdictions of the Financial Stability Board have legislative and regulatory frameworks in place to implement the over-the-counter derivatives market reforms that G20 leaders agreed at...
View ArticleEXCLUSIVE: U.S. regulator to fault JPMorgan over Madoff accounts
U.S. regulators plan to fault JPMorgan Chase & Co, which served as Bernie Madoff's main bank for two decades, for failing to conduct adequate due diligence and report suspicious activity, according...
View ArticleAML audit of Cyprus is "impossible task," official says
Any firm attempting to evaluate the effectiveness of Cyprus's anti-money laundering capabilities faces an "impossible task" given the time frame, according to a senior official. This follows the...
View ArticleFormer NY Giants player and claims adjuster swindled insurance company,...
A federal grand jury in California has indicted a former National Football League player and an insurance company claims agent for allegedly cheating a Sacramento business out of nearly $1.5 million,...
View ArticleSEC charges businessman in Tracinda-linked insider-trading plan
U.S. securities regulators on Monday charged a Denver businessman with reaping “substantial” profits using inside information from the former chief executive of Delta Petroleum Corp about an impending...
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