U.S. Fed clarifies swaps push-out rule for uninsured U.S. branches and...
The Federal Reserve approved on June 5 an interim final rule clarifying the treatment of uninsured U.S. branches and agencies of foreign banks under the so-called swaps push-out provision of the...
View ArticleSEC moves to tighten regulations on money market funds, focuses on prime funds
A portion of the $2.6 trillion money market fund industry would be required to fundamentally change how it prices its shares under proposals issued by U.S. regulators on Wednesday to reduce the risk of...
View ArticleU.S. Justice Department chooses former prosecutor to be HSBC compliance monitor
The U.S. Justice Department on Wednesday said it has chosen a former New York County prosecutor who is known for his innovative pursuit of criminals to police HSBC's efforts to clean up its anti-money...
View ArticleEU's Libor supervision plan seen as "intrusive"
European Union plans to wrest from London the supervision of Libor and other benchmarks, such as those covering oil and commodities, are "intrusive" and likely to be changed, a top EU lawmaker said on...
View ArticleU.S. swaps regulator urges closing 'tropical island' loophole
The top U.S. derivatives regulator urged closing a legal loophole for offshore hedge funds, warning it threatened to undo a deep overhaul of Wall Street after the credit meltdown. The Commodity Futures...
View ArticleU.S. regulators clamp down on Cyprus betting exchange
U.S. regulators on Thursday charged a Cyprus-based company with illegally selling financial contracts to U.S. clients, the latest crackdown on online betting after Dublin-based Intrade was forced to...
View ArticleBitcoin exchange Mt. Gox limits Technocash dealings after U.S. digital...
Sydney funds' transfer company Technocash has found one of its key counterparties is wary of continued dealings with the firm less than a week after U.S. authorities listed some Technocash bank...
View ArticleChina Natural Gas, chairman settle SEC fraud lawsuit
China Natural Gas Inc and its chairman have agreed to settle a lawsuit by the U.S. Securities and Exchange Commission accusing them of hiding loans intended to benefit the chairman's family. A federal...
View ArticleCanadian bank regulator issues advisory on foreign exchange settlement risk
Canada's banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), has issued an advisory on settlement risk in foreign exchange transactions (PDF). The basis for the...
View ArticleCanadian investment regulator fines two advisors over due diligence,...
The investment Industry Regulatory Organisation of Canada (IIROC) has fined two investment advisors over their failure to conduct proper due diligence in determining investment suitability for clients....
View ArticleThai trader's assets frozen by U.S. court after Smithfield deal
U.S. regulators have obtained a court order freezing the assets of a Thailand-based trader, saying he reaped $3.2 million in illegal profits after getting a tip ahead of the announcement that a Chinese...
View ArticleSUMMIT: U.S. SEC mulls streamlining launch of exchange-traded funds
The U.S. Securities and Exchange Commission will consider a proposal this year that would sweep away regulatory barriers to launching certain types of exchange-traded funds, a senior official said....
View ArticleJudge limits SEC penalty claims in fraud case against Wyly brothers
The wealthy Texas investor Samuel Wyly persuaded a federal judge to curb potential civil fines in a U.S. Securities and Exchange Commission lawsuit accusing him and his late brother, Charles, of...
View ArticleGroups urge CFTC to extend deadline for implementing cross-border rules
Trade groups representing the financial services industry have asked Commodity Futures Trading Commission Chairman Gary Gensler to postpone the application of the agency's rules on cross-border...
View ArticleSEC sanctions trust company, fund manager over insider trading schemes
The Securities and Exchange Commission on Friday sanctioned Whittier Trust Company and Vincent Dosti, a former fund manager, over insider trading on material nonpublic information about the technology...
View ArticleGensler defends cross-border application of CFTC swaps market rules
As it works to develop final guidance on the cross-border application of swaps market rules required by the Dodd-Frank act, the U.S. Commodity Futures Trading Commission will be guided by the principle...
View ArticleLatin American development bank CAF gets exemption from U.S. swaps clearing...
The CorporaciĆ³n Andina de Fomento - Latin American development bank was granted an exemption by the Commodity Futures Trading Commission from its mandated central clearing of swaps trades. The CFTC...
View ArticleCFTC gives small financial institutions temporary relief on clearing swaps...
The Commodity Futures Trading Commission is giving small financial institutions more time to get board approval before they can use an "end-user clearing exception" for their swaps trades. Under the...
View ArticleCFTC says provides for mutual acceptance of approved Legal Entity Identifiers
The Commodity Futures Trading Commission said it has expanded, through mutual acceptance by international regulators, the list of Legal Entity Identifiers (LEIs) that can be used by registered entities...
View ArticleJury convicts Maryland man on sanctions-violation, laundering charges in Iran...
A Maryland man on Monday was convicted of conspiracy, international money laundering, sanctions violations and other charges for helping a Russian aerospace company get a contract to build and launch a...
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