Judge dismisses market manipulation case against CBOE Global Markets

A federal judge gave CBOE Global Markets a reprieve from an investor class action lawsuit by dismissing it on the basis that the plaintiffs failed to convincingly prove that the exchange was collaborating in the manipulation of some of its indices.

Fed announces dates of stress test and CCAR results

Results from the latest US stress tests will be released on June 21 and those of the Comprehensive Capital Analysis and Review (CCAR) will come out on June 27, the US Federal Reserve Board said in a statement.

Banks finding it difficult to recruit compliance professionals - OCC

Finding and then retaining compliance staff, particularly those specialised in tackling financial crime, is proving to be a challenge for banks said the Office of the Comptroller of the Currency (OCC) in its semi-annual report.

Fed urges firms to focus on transitioning towards alternative rates

In a pre-recorded video to the Alternative Reference Rates Committee (ARRC), Randal Quarles, the vice chairman of supervision at the US Federal Reserve Board reiterated the need for firms to keep up preparations for the end of the London Interbank offered rate (Libor).

Maxine Waters

Congress told cyber is the biggest risk to the financial system

Following a near six hour session at the US House of Representatives involving the CEOs of seven US G-SIBs it was revealed that cyber is the single greatest risk to the financial system while considerable concern was also expressed about shadow banking

Larry Wall

Is curbing compensation incentives the most powerful regulatory tool?

Could influencing the way bankers are compensated, namely around risk taking incentives, be key to tackling financial instability? It is a question a paper from the Atlanta Fed attempts to answer

Steve Eisman

Steve Eisman believes Canadian banks are under-estimating credit risks

Steve Eisman, who became world famous for his successful bet against US mortgage related CDOs in the run up to the 2007-9 global financial crisis has set his sights on Canada’s banks for his latest short selling punt

Moves to limit retail investor information on CAT welcomed by congressmen

Moves by the Securities and Exchange Commission (SEC) to limit the amount of information it collects on individual investors has been welcomed by some members of the House Financial Services Committee following a series of big data breaches.

FINRA sets up fintech office

A new unit has been set up by the Financial Industry Regulatory Authority (FINRA) to monitor and coordinate new uses of financial innovation with its member firms.

CFTC proposes improvements to swap data reporting requirements

The Commodity Futures Trading Commission (CFTC) proposes updating rules around swap data repository and data reporting requirements to make them more effective and technology compatible.