July 12, 2013 - A year of complex negotiations between European Union (EU) and US regulators have at last reached agreement on how best to police global derivatives trading. The breakthrough divides up responsibilities and avoids a dispute that could have disrupted global markets and trading.
July 11, 2013 - Leading corporate risk prevention consultancy and analyst Riskskill, a division of UKFraud, is warning that the expected rapid growth of the global mobile payments market will create a potential cocktail of different risks that pose new challenges for risk managers and other stakeholders in the sector.
July 10, 2013 - Eight of the largest banks in the US could face much tougher financial ratios required under the international standards set by the Basel III global agreement as the nation's banking regulators consider breaking from the arrangement.
July 10, 2013 - In a quick poll of investment management firms published by Investit last week, 67% said that they felt only fairly prepared and informed to be deemed AIFM compliant in the near future, and a further 17% said they were unprepared. Only 16% of firms felt ready for day one of the directive.
July 10, 2013 - Quantifi, a leading provider of analytics, trading and risk management solutions for the global OTC markets, Ernst & Young and PRMIA recently hosted a joint seminar in London on 'Managing Counterparty Risk & Basel lll'. Over 120 senior traders and chief risk officers from leading global and regional banks who attended the seminar were surveyed to gain insight into the approaches taken towards counterparty credit risk and Basel lll.
July 5, 2013 - The Commission proposals on money transfers, prevention of money laundering and terrorist financing need to do more than make mere references to data protection, said the European Data Protection Supervisor (EDPS) today.
July 5, 2013 - The Canadian Securities Administrators (CSA) today announced that it has issued amendments to National Instrument 23-103 Electronic Trading (NI 23-103), which will establish a consistent framework for the offer and use of direct electronic access (DEA) and address the financial and regulatory risks associated with DEA.
July 2, 2013 - The Clearing House (TCH) is working with America's biggest banks on an industry-wide "dynamic credentialing" system that will improve the safety of digital payments.
