SEC fines ten broker-dealers US$289m for recordkeeping violations
Ten sell-side firms have been fined a combined US$289 million by the US Securities and Exchange Commission (SEC) for violating recordkeeping provisions.
The...
FCA tells asset managers to focus on liquidity risk after finding some firms lacking
The UK’s Financial Conduct Authority (FCA) has told asset managers to increase their focus on liquidity risk, stating gaps in liquidity management could lead...
UK proposes streamlined listing regime, confirms consolidated tape for bonds
UK market regulator, the Financial Conduct Authority (FCA), has set out proposals aimed at making the UK’s listing regime more “accessible, effective, and competitive.”
In...
Federal Reserve group issues credit risk warning over US Treasuries trading
By Pia Hecher.
The Federal Reserve’s Treasury Market Practices Group (TMPG), which discusses issues in the US government bond market, has said that firms are...
Research shows increasing demand for voice and e-trading data integration across TCA and surveillance
Demand for integrated trade and communications surveillance among financial institutions has surged by 100% this year following heightened regulatory scrutiny across the financial markets,...
Europe’s pension fund managers face rising margin costs as EU clearing exemption deadline looms
European pension fund managers are facing rising margin costs thanks to the increased cost of financing additional collateral payments just as the EU’s clearing...
SEC pushes for transparency of municipal bond issuers
By Pia Hecher.
US market regulator the Securities and Exchange Commission (SEC) amended its Securities Exchange Act on 20 August 2018, to enhance disclosure of...
BTMU fined for spoofing in Treasury futures
By Flora McFarlane.
On 7 August the Commodity Futures Trading Commission (CTFC) fined The Bank of Tokyo-Mitsubishi UFJ (BTMU) for spoofing, submitting orders that are...
People’s Bank of China sets out northbound rules for Swap Connect
The People's Bank of China has issued interim measures to standardise the interest rate swap market between the mainland and Hong Kong, protecting investor...
AFME welcomes political agreement over CSDR mandatory buy-in
The Association for Financial Markets in Europe (AFME) has welcomed political agreement regarding the European Union's refit of the Central Securities Depositories Regulation (CSDR)....
