Financial institutions believe common reporting standard will be more taxing than FATCA - KPMG
September 18, 2015 - With a Jan. 1, 2016 effective date looming for 50 "early adopter" jurisdictions set to enact a new international Common Reporting Standard (CRS) for reporting financial account information, 61 percent of respondents to a KPMG survey of executives at financial institutions worldwide say that the CRS will impact more of their accounts than the U.S. provisions commonly known as the Foreign Account Tax Compliance Act (FATCA).
SEC reaches $30m settlement over press release hacking case
September 16, 2015 - A Ukrainian investment banking firm and its CEO have agreed to pay $30 million to settle SEC charges that they profited from trading on information hacked from newswire services.
Asset management body urges delay to MiFID II
September 15, 2015 - The Investment Association is today calling for a rethink of proposed trading rules that would make it harder for investors to buy and sell bonds.
$940 billion energy market to be reshaped by EU's Dodd-Frank
September 9, 2015 - (Bloomberg) -- As if slumping prices weren't enough -- German electricity is trading near a 12-year low -- traders and utilities in Europe's $940 billion power and natural gas markets have another reason to be worried.
Former IT firm director jailed for hacking Aviva phones in revenge attack
August 25, 2015 - A man has been given an 18 month prison sentence for hacking into hundreds of phones belonging to Aviva in an act of revenge against his former company, a security vendor contracted by the insurance firm.
China revives controversial bank procurement rules - Reuters
August 25, 2015 - International tech vendors could face difficulty selling to Chinese banks after Reuters reported that the Chinese government is set to revive controversial cyber security rules that limits the amount of technology that Chinese banks can buy from overseas vendors.
SEC fines Citigroup for compliance and surveillance failures
August 19, 2015 - The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to settle charges that it failed to enforce policies and procedures to prevent and detect securities transactions that could involve the misuse of material, nonpublic information.
Esma rethinks Emir framework
August 13, 2015 - The European Securities and Markets Authority (ESMA) has published four reports focused on how the European Markets Infrastructure Regulation (EMIR) framework has been functioning and providing input and recommendations to the European Commission's (EC) EMIR Review.
