SEC alleged that Mizuho failed to prevent traders sharing stock buyback information pertaining to its issuer clients with each other and with hedge fund clients.
The real cost of doing business in China was suddenly revealed with Credit Suisse’s settlements totalling $77 million with the SEC and DOJ over its alleged violations of the Foreign Corrupt Practices Act by employing Chinese princelings and princesses.
New EU data privacy law could put cross-border investigations in jeopardy, leading non-EU regulators including Japan's FSA and Hong Kong's SFC to press for formal clarification on application of cross-border information sharing exemptions.
It’s impossible to separate Deutsche Bank’s ongoing regulatory compliance shortcomings from its business exigencies. The recent and unusual censure from the Federal Reserve highlights the bank’s inexorable pressures.
Financial regulation is beginning to mirror the boom and bust cycles of the market as participants lobby regulators to loosen capital requirements – this at what appears to be the peak of the post-crisis economic growth cycle.
Proposed changes by the Trump Administration to the Volcker Rule are already controversial. Linking cause and effect to risk management have only resulted in an excessively complex regulation that is proving difficult to reform in a “too big to fail”...
ASX can provide direct access to US customers to trade on its platform; CFTC order part of its regulatory deference programme
New York State Department of Financial Services to conduct inspections at South Korean bank branches for compliance with AML regulations.
Vice chairman proposes lowering capital requirements, streamlining resolution rules of failing foreign banks, in acknowledgment of steps taken by other regulators.
NSE can sell futures products to US investors without the later having to register separately as a futures merchant; CFTC approval hinges on information exchange on NSE transactions with SEBI.
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