At a meeting with bank and asset manager heads, the FSS promised to lower regulatory and operational barriers for foreign firms looking to enter Korea’s financial markets.
December 3, 2019Firms still take more than a day on average to resolve reconciliations and disputes caused by a lack of data transparency through the trade lifecycle.
November 11, 2019The class action, estimated to be worth more than $1.2bn for trades executed in the UK, follows a similar-size fine levied against the banks by the European Commission in May.
July 31, 2019The Fed and FDIC have accepted the resolution plans of 82 foreign banks, and granted an extra year extension before the next resolution plans need to be submitted.
July 31, 2019The former private banker forged signatures and documents to siphon off $10mn from client bank accounts between 2010 and 2013.
July 5, 2019Adding to the European Commission's $1.2bn fine last month, Citigroup, Barclays, RBS, JP Morgan and MUFG have been fined $91mn by the Swiss Competition Commission.
June 10, 2019The UK initiative is exploring the use of technology to help firms meet their regulatory reporting requirements and improve the quality of information reported.
May 23, 2019Individual traders at Citigroup, Barclays, RBS, JP Morgan and MUFG exchanged sensitive information and coordinated spot FX trading strategies through online chatrooms.
May 20, 2019SWIFT, Ripple, Accenture, Barclays, BBVA, Deutsche Börse and R3 are among the 105 founding members of the International Association of Trusted Blockchain Applications.
April 15, 2019The index inclusion will draw more liquidity into China’s onshore bond market and potentially spur more policy measures to further open up the market.
April 3, 2019