State Street will stump up at least $382.4 million to settle allegations it deceived custody clients through fraudulent foreign exchange (FX) practices...
Financial services firms remain responsible for their own regulatory compliance, and should conduct due diligence when using ‘cloud' technology, according to new guidance from the FCA...
The Central Bank of Turkey has pledged to provide the country’s banks with limitless liquidity to ensure financial stability in the wake of recent economic and political turmoil...
ESMA has issued additional advice on application of the AIFMD marketing passport for non-EU markets, finding issues outstanding for the US, Bermuda, the Cayman Islands and the Isle of Man...
13 July 2016Washington DC Reporter: Stephanie Palmer
Citigroup Global Markets has admitted wrongdoing and agreed to a $7 million penalty to settle charges that it provided incomplete blue sheet information to the SEC over a 15-year period...
The Basel leverage ratio fundamentally threatens the business model of clearing members and will endanger the stability of the global financial markets, according to an industry letter...
Five financial industry associations have joined forces to express concern about the implications of including central bank cash balances within Basel III’s leverage ratio framework...
The legal framework for Russia’s corporate actions reform has come into force, cementing the National Settlement Depository (NSD), Russia’s CSD, as a single source of information...
It will be “very difficult” for UK-based firms to maintain equivalency with the second Markets in Financial Instruments Directive and Regulation (MiFID II/MiFIR) once the UK breaks away from the EU, according to Deutsche Börse...
