Compliance & Risk Management

Latest Headlines

Latest Headlines

ICE sees opportunity in further developing interest rate swaps clearing, CFO says

Through the acquisition of Liffe as part of its purchase of NYSE Euronext last year, Intercontinental Exchange has gained a stronger European interest rate swap trading presence. The exchange operator sees opportunity in building further interest rate swaps clearing services to complement that new interest rate swap trading, and its pending acquisition of SuperDerivatives will help build that business, ICE chief financial officer Scott Hill told an audience at a New York conference last week.

Thomson Reuters urges investors to reject TRC Capital 'mini-tender'

Thomson Reuters is urging investors to reject an unsolicited mini-tender offer from TRC Capital to buy up to 2.5 million Thomson Reuters outstanding shares or nearly 0.31 percent of the outstanding...

CFTC reportedly alerts justice department about criminal rate rigging of ISDAfix

The Commodity Futures Trading Commission has reportedly alerted the justice department that it has uncovered evidence of criminal manipulation of the ISDAfix benchmark. The CFTC has been investigating possible rigging of the benchmark since late 2012.  

Nasdaq to boost TradeGuard's market and portfolio risk services

The Nasdaq OMX Group is partnering with IT data analytics company Corvil to expand the risk management solutions the exchange offers clients through its TradeGuard service. Through the partnership, clients will be able to use TradeGuard's new RiskWrapper solution to monitor trades at the network level.

US to get tougher capital standards than Basel III, Fed governor says

If the Basel Committee on Banking Supervision's international risk-based capital standards for banks seemed tough enough, then watch out. Federal Reserve Governor Daniel Tarullo is expected to...

European Central Bank hires BlackRock for advice

The European Central Bank has hired BlackRock Solutions to help it design and implement a potential asset-backed securities purchasing program. The final decisions on the design of an ABS purchasing plan will be made by the ECB's governing council and the ECB will be responsible for carrying the plan out.

SEC votes for more checks on rating agencies

The Securities and Exchange Commission has approved new checks and safeguards for rating agencies aimed at preventing conflicts of interest and ensuring the integrity of credit ratings.

Wells Fargo warns of fewer mortgages to underserved if 'putback' risks remain

Wells Fargo & Co. CEO John Stumpf expressed frustration over what the mortgage industry refers to as its high "putback" risk, and vowed to write fewer mortgages to borrowers with...

International banks in London prepare for the possible "Brexit"

Growing reports out of London suggest that British Prime Minister David Cameron is increasingly frustrated with European Union policies, and he could soon warn Europe that he might support calls for a British exit from the European Union if no compromises are reached. The increasingly contentious tone reportedly has prompted foreign banks based in London to already begin exploring their options.

With rise of wealth management, a call for more RIA audits

The year 2014 has so far shaped up to be a banner one for wealth management. Charles Schwab's 2014 Benchmarking Study reported that registered investment advisors (RIAs) in this year's study had the highest profitability since the inception of the study in 2006.