Financial Regulation

Some Compliance Chiefs Left Out of Strategic Planning: PwC

June 26, 2015

Global CEOs, though concerned about what they perceive as over-regulation and its impact on their business goals, tend not to involve chief compliance officers in planning corporate strategy, a PricewaterhouseCoopers LLC report said. Half of CEOs reported entering or considering entry into a new sector, the survey, which included responses from 1,102

SEC to Scrutinize Complex Exchange-Traded Products

June 19, 2015

By Ben Eisen The U.S. Securities and Exchange Commission is seeking input on the increasing complexity of exchange-traded products as interest balloons in the investments. The regulator opened a 60-day comment period about how exchange-traded notes (ETNs) and funds are being sold and used, according to a request released June

Dual U.S. Bribery Law Enforcers Take Time on FCPA So Far in 2015

June 5, 2015

BY MELISSA KARSH AND HEMA PARMAR, BLOOMBERG BRIEF Foreign Corrupt Practices Act (FCPA) enforcement actions may appear to be on a downward trend, but activity has actually been holding pretty steady over a longer time frame, according to an attorney who practices in this area. The U.S. Department of Justice has initiated

Harshest Algorithmic, High-Frequency Trading Controls on Tap for EU Traders

June 1, 2015

Algorithmic and high-frequency traders, as well as their trading venues, will likely face tight risk controls starting in 2017 under European Union proposals that seek to prevent disorderly markets. The Markets in Financial Instruments Directive II, or MiFID II, requires that all traders be authorized and regulated, and disclose and

Qatar $200B World Cup Under Scrutiny as U.S. Probes Banks

May 29, 2015

Qatar’s $200 billion plan for the 2022 World Cup is coming under fresh scrutiny after the U.S. said officials in world soccer’s governing body, FIFA, were indicted for racketeering, conspiracy and corruption charges. As part of the wide ranging probe, the U.S. is also examining banks’conduct, according to prosecutors. Click here to

Alternative Fund Managers in U.S., Guernsey, Caymans Eye U.K. Market

May 15, 2015

U.S. fund managers made up almost half of the 552 applications received in the U.K. in 2014 from non European Union managers looking to market there, according to data compiled by London financial services consultant Bovill Ltd. About 263 U.S.-based managers — the most from any one location outside of the

Securities Regulators Ponder Anti-Fraud Messaging

May 8, 2015

BY MELISSA KARSH, BLOOMBERG BRIEF EDITOR Securities markets regulators around the world are using different strategies to educate individual investors about investment fraud protections. The regulators are gathering information on different issues around fraud, including types of fraudulent securities offerings or investment schemes in which investors have been victimized, common

VERBATIM: Insurance Hearing

May 1, 2015

  The Senate Banking Committee held two insurance-focused hearings this week — one on Tuesday covering the state of the insurance industry and insurance regulation and the other on Thursday examining insurance capital rules and the process of the Financial Stability Oversight Council in designating insurers as systemically important financial

Global Libor Fines Reach $9B as Deutsche Bank Settles

April 24, 2015

BY MELISSA KARSH, BLOOMBERG BRIEF EDITOR Deutsche Bank AG‘s record $2.5 billion penalty to end investigations by U.K. and U.S. regulators into its role in manipulating Libor adds to the total global fines paid by around a dozen firms, which have reached about $9 billion, according to reports this week. Deutsche Bank

MiFID II’s Commodity Derivatives Draw Most Scrutiny

April 17, 2015

ANALYSIS BY ROKHSANA SADDIGHZADEH, BLOOMBERG DATA Commodity derivatives were the most scrutinized out of eight subject areas in the European Securities and Markets Authority‘s second round consultation on the European Union’s markets regulation, according to data compiled by Bloomberg. Commodity derivatives issues, which address position limits and reporting, received 1,781 responses