Exclusive: U.S. regulator CFTC close to deal with Europe on swaps rules
A trans-Atlantic rift over derivatives could be ended by an offer from the U.S. swaps regulator that would spare foreign banks from some tough U.S. rules, according to two people briefed on the matter....
View ArticleUpdated: NYSE Euronext to take over scandal-hit Libor
The U.S. owner of the New York Stock Exchange (NYSE) will take over the running of Libor in an attempt to restore credibility to the benchmark interest rate rocked last year by a global rigging...
View ArticleChina ready to hand over audit documents to U.S. regulators
China's securities watchdog said it is ready to turn over audit documents of a Chinese company listed in the United States to U.S. regulators, signalling a second breakthrough in a two-year...
View ArticleINTERVIEW: Singapore finance minister urges U.S. and Europe to harmonise...
The United States and Europe need to stop acting unilaterally on financial regulation and align their rules more closely or else they risk undermining the global economy, Singapore's Finance Minister...
View ArticleU.S. retirement-investment trade group urges caution over fiduciary standard
A trade group representing the retirement investment industry is urging the Securities and Exchange Commission to consider the different business models of investment advisers and broker dealers before...
View ArticleU.S. SEC says audit firms hinder accounting fraud probes
U.S. federal regulators tried to persuade a judge on Monday to sanction the Chinese arms of the world's top five accounting firms, saying their refusal to hand over audit work papers has hindered...
View ArticleRenteria withdraws candidacy for U.S. CFTC chair
Amanda Renteria, mooted as a candidate to succeed Commodity Futures Trading Commission Chairman Gary Gensler, on Monday said she had withdrawn her name from the race to head the top U.S. derivatives...
View ArticleU.S. risk council designates AIG, GE Capital for tougher oversight
The U.S. financial risk council on Tuesday said it has designated American International Group and GE Capital as systemically risky, bringing them under stricter regulatory oversight. The Financial...
View ArticleRegulators propose tougher leverage ratio for systemically important U.S. banks
U.S. regulators proposed on Tuesday a rule to increase leverage ratio standards for the largest, most systemically significant U.S. banking organizations. Under the proposed rule by the Federal Reserve...
View ArticleSEC uses "Buckets of Money" case to show need to document back-testing claims...
Investment advisers and other financial intermediaries that promote investment strategies they claim to have carefully back-tested should have procedures to govern and document their methodology and...
View ArticleNew York fund manager pleads guilty to Ponzi scheme
A former New York fund manager pleaded guilty on Wednesday to stealing $2.9 million from investors as part of a Ponzi scheme from 2011 to 2012. Jason Konior, 39, defrauded clients by vowing to provide...
View ArticleBP becomes first oil major to register U.S. unit as swap dealer with...
Britain's BP Plc on Wednesday filed to register its U.S. unit as a swap dealer with U.S. authorities, a company spokesman said, becoming the first oil company to face tough oversight of its derivatives...
View ArticleNewedge fined $9.5 million for failing to police high-speed clients
Brokerage Newedge USA LLC has agreed to pay a $9.5 million fine to settle allegations by FINRA and U.S. stock exchanges that it failed to adequately monitor and prevent "potentially manipulative and...
View ArticleMassachusetts subpoenas Wall St. majors in probe of marketing to seniors
Massachusetts’ chief securities regulator has hit top Wall Street firms with subpoenas, saying he fears elderly people are being targeted for high-risk, alternative investment products. Massachusetts...
View ArticleSEC lifts advertising ban, defers investor protections
Hedge funds and other private issuers will be able to advertise and widely solicit for investors, under rules issued today by U.S. securities regulators. The rules were mandated by the 2012 JOBS Act,...
View ArticleExclusive: U.S. CFTC within reach of internal deal on cross-border swaps...
The top U.S. derivatives regulator is within reach of a compromise over how its rules apply to foreign companies dealing with U.S. banks, a source close to the negotiations told Reuters. Friday is the...
View ArticleCFTC says reaches deal with EU on swaps regulation
The U.S. futures regulatory CFTC and the European Union said on Wednesday they had reached agreement on the regulation of cross-border derivatives transactions. The agreement comes before a deferred...
View ArticleU.S. Treasury Secretary says China to hand audit work to SEC
Chinese regulators will hand over some audit documents of U.S.-listed Chinese companies to U.S. securities regulators, U.S. Treasury Secretary Jack Lew said on Thursday, a move that may thaw a dispute...
View ArticleU.S. SEC's Gallagher takes aim at proxy advisory firms
The U.S. Securities and Exchange Commission has allowed proxy advisory firms to wield too much influence in the corporate election process and should take steps to mitigate potential conflicts, a top...
View ArticleTarullo says Fed should release more enforcement details
A U.S. Federal Reserve official said on Thursday that the agency should consider releasing more information to the public when it takes enforcement actions against big banks for hurting consumers. Fed...
View Article
