All posts tagged "Proprietary trading"
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223Capital RegulationVolcker Rule Rewrite Gets Final Approval After Fed Sign-off
The revisions continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law.
October 10, 2019 -
476EnforcementTwo Singaporeans Jailed for Spoofing Derivatives Market
Two former directors of proprietary trading company Joerik Financial were jailed for fraud and dishonest conduct in relation to the trading of futures contracts.
October 8, 2019 -
464Capital RegulationUS Regulators Approve Easing of Volcker Rule
Two of five US agencies have approved the Volcker Rule revamp, which aims to simplify its requirements and give banks more flexibility to trade.
August 21, 2019 -
449IndiaIndia’s Brokers Push Back Against Higher Margining for Equity Derivatives
Brokers say SEBI's new margining norms increase the cost of trading without any real reduction in risk and will result in "unprecedented damage" to India's equity derivatives market.
January 22, 2019 -
497EnforcementOSE, TSE Discipline MUFG Brokerage Unit for JGB Futures Manipulation
Latest disciplinary action follows a FSA fine earlier this year, after a dealer manipulated the JGB futures market using the firm's proprietary trading account.
September 21, 2018 -
464Capital RegulationVolcker Rule – Road to Reform or Ruin?
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”...
June 11, 2018 -
557Capital RegulationFRTB – Ending or Evolving Trading Culture
FRTB will force banks to change their operating models, bringing them out of product and trading desk silos. Bank trading culture and the trading desk concept may need to evolve to accommodate a wider picture of risk taking.
May 28, 2018 -
457EnforcementSFC Reprimands, Fines Nomura’s Instinet $2.2mn
The firm failed to put in place reasonable controls to ensure non-proprietary orders received execution priority, prevent erroneous and disorderly orders being sent to the market.
April 16, 2018 -
653Capital Regulation
Decline of the House of Basel
The Basel regime has shown itself to be incomplete and not universally applicable. With the Trump administration seeking to allow a return to proprietary trading, profound implications for global banks’ risk management are only just beginning to surface.
March 26, 2018 -
663EnforcementCredit Suisse Hong Kong Fined $5mn
Regulatory breaches include failures related to segregation of client securities, reporting of transaction, noncompliance with short selling requirements, unsuitability of investment products sold to clients.
February 10, 2018
