Compliance & Risk Management

Latest Headlines

Latest Headlines

Debate over equity market structure continues

Some may have thought last year's equity market structure debates would fade in the new year, but that doesn't appear to be the case. Starting January 6, BATS Global Markets released an open letter to market participants making recommendations on what it sees as three key issues.

RBS's new investment banking chief departs amidst restructuring plans

The executive chairman of Royal Bank of Scotland's Corporate and Institutional Bank Rory Cullinan will leave the firm as it continues a drastic shrinking of its investment banking capabilities. Cullinan is no stranger to making cuts, having previously been charged with closing or divesting unwanted assets as head of RBS's "bad bank." His departure comes as a surprise, however, because he had only moved from the bad bank to head the corporate bank one month ago.

Regulators build Hurricane Sandy into cyber war games

The lessons the financial industry learned when Hurricane Sandy slammed the northeast, forcing financial markets to shut down for two days, have already been incorporated into the mock cyber war...

Deutsche Bank cost-cutting may shrink rates trading, prime brokerage and retail operations

Deutsche Bank is reportedly weighing several options to boost profitability, including cuts to the firm's prime brokerage services, interest rates trading and retail operations. Several reports indicate the firm is weighing three scenarios, with a decision expected as early as April.

UBS and Goldman join electronic gold fix replacement

A new electronic LBMA Gold Price launched Friday with six banks participating in twice daily online auctions that promise transparency on the way gold prices are set. UBS and Goldman Sachs are joining the four banks that previously participated in the phone-based London Gold Fix, and still more firms may join in the future.

Lawmakers form bipartisan payments technology caucus

A bipartisan group of Congressional leaders has formed a payments technology caucus to track developments in electronic payments and explore the latest innovations in the space. Rep. Lynn...

Thomson Reuters unveils new post FX-scandal changes to chat

As a result of the negative publicity chat rooms attracted due to their role in the foreign exchange rate-fixing scandal, Thomson Reuters has unveiled new compliance tools for the use of instant messaging in financial markets.

CalPERS to provide liquidity to Options Clearing Corp. through new facility

The California Public Employees' Retirement System will provide liquidity to the Options Clearing Corp. through a facility set up by eSecLending. The facility will help OCC diversify and increase its committed lending resources.

Big data analytics may drive growth of mobile phone recording

Big data analytics may be spurring increased uptake of mobile phone monitoring at brokerage firms, as firms are increasingly discussing the two types of technologies hand in hand.  

OpenGamma to launch open-source bilateral margining utility

Risk management firm OpenGamma is working with dealers and other over the counter (OTC) derivatives market participants to build an open source utility for calculating the margin on bilateral derivatives trades.