Reporting and GovernanceRSS

[NEWS] FINMA updates outsourcing requirements for financial firms

Swiss regulator FINMA has updated its outsourcing requirements for financial firms and following a consultation has taken a principles-based and technology-neutral approach.

Banks urged to monitor struggling customers

The FCA is asking banks to pay greater attention to customers struggling with their debt repayments and not to lend more to them. Justin Pugsley reports.

NY Fed chief Dudley warns over Dodd-Frank changes

New York Federal Reserve President to step down early and in a speech warns over going too far in unwinding Dodd-Frank.

SEC enforcement division to prioritise retail investors, fraud and cyber-security

SEC co-director reiterates the commission’s enforcement priorities around retail investors, financial fraud and cybersecurity.

US House requires US regulators to safeguard market data against hackers

The House of Representatives has passed an act requiring the SEC and Finra to put in place tough safeguards to protect market data gathered by the new Consolidated Audit Trail system.

Australian flag

Comparing UK and Australian financial conduct regimes

Conduct regimes that hold bankers accountable for their actions are becoming more popular across jurisdictions. Richard Isham and Fiona Rushforth, partner and senior associate respectively at law firm Wedlake Bell, examine the Australian and UK regimes and discuss their possible consequences.

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Technology could alleviate bank de-risking nightmare

De-risking has hit some emerging market countries hard, but clever technological solutions could help countries that have been frozen out of the global financial system. By Farah Khalique. 

Hong Kong regulators share review on managing conflicts of interest

Hong Kong’s regulators remind financial firms under their watch about managing conflicts of interest. By Justin Pugsley.

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Cyber-breach sharing impeded by politics and penalties

National authorities struggle with politics and criminal proxies when balancing disclosure and sharing of cyber-attack information. Dan Barnes reports.

European regulators revisit FX variation margin guidelines

European supervisory authorities are examining issues over posting variation margin for non-centrally cleared over-the-counter physically settled foreign exchange (FX) forward contracts to align European practices more closely with those of other jurisdictions. By Justin Pugsley.

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