Tag:
Regulators
Latest Headlines
Latest Headlines
Finra aims for brokerage cyber security
It was only a matter of time before the financial industry regulators started to pay more attention to cyber security concerns. The likelihood of a massive breach grows with every day, and perhaps some standards are in order.
As Reuters notes, "The review is part of a series of ‘thematic'
Defining high-frequency trading
High-frequency trading has a way of staying in the news. These days, there's lots of talk about regulation on both sides of the Atlantic. The EU is expected to take up the issue and propose a series of reforms. Mifid II just might end up proposing some sort of direct regulation. Transaction ta
Missing $600 million still not found at MF Global
Was something sinister going on at MF Global?
The missing $600 million has still not been located despite an army of regulators, investigators, lawyers and others descending on the disgraced futures brokerage to conduct a search. Judging from media reports, people are still at a complete loss
Bank of America's derivatives shift stokes concerns
Bank of America raised eyebrows not too long ago when it said intended to shift some derivatives assets to a unit that holds insured funds, apparently at the request of counterparties that were concerned about recent credit downgrades.
Recall that Bank of America's bonds had recently been down
Fourth round of stress tests coming
The stress test has become a favorite tool of the Federal Reserve and regulators in general.
Such tests of big banks have several benefits, as they make clear that the Fed is actively monitoring bank stability issues. They also allow for the Fed to establish clear expectations about what banks
Banks begin independent mortgage reviews
Amid the intense focus on the settlement talks between big banks and state attorneys general, people tend to forget that there has already been a mortgage/foreclosure settlement.
Back in April, the deal between various federal regulators--such as the OCC, the OTC and the Fed--and 14 banks and
Judge critical of SEC settlements
There is something refreshing about Judge Jed Rakoff's critiques of various SEC settlements with banks, notably Bank of America and Citigroup.
Rakkoff raises some common sense issues that reveal the folly of the settlements. For example, why should companies be able to settle without admitting
Bank of America axes second fee
Fresh off the Bank of America debit card fee fiasco comes word that the big consumer bank has scrapped another fee, this one associated with a clearly identifiable service.
The Boston Globe reports that the bank has decided not to go forward with a service that would have texted debit card
Banks explore fee options
We've been wondering how exactly banks will respond to the quick demise of the debit card fee.
In the case of Bank of America, the fee was nixed before it was ever charged. The analytical folks at the banks are no doubt scratching their heads, trying to figure out where the next big gravy trai
The regulatory message of the MF Global fiasco
So what is the best interpretation of the MF Global bankruptcy from a regulatory perspective? There's a lot on the table for discussion. One could argue that the firm's demise underscores the need for more regulation of broker dealers. After all, it has become clear that hundreds of millions of do
