Compliance & Risk Management

Latest Headlines

Latest Headlines

TeraExchange files antitrust suit against dealers for conspiring to boycott SEFs

TeraExchange, one of the early swaps execution facilities created to accommodate post-financial crisis rules allowing electronic trading in the historically voice-traded swaps market, is filing an anti-trust complaint against a dozen large interest rate swap (IRS) dealers. The complaint alleges that the dealers conspired to boycott SEFs and prevent buy-side firms from using them in order to retain their profitable roles in the IRS market.

Funding Circle, Lending Club and Prosper band together to set marketplace lending standards

The move by three of the largest marketplace lenders comes as regulators have begun to weigh whether fintech companies that compete to offer financial services should be regulated.

UBS expands outsourced chief investment officer program

UBS Wealth Management Americas and UBS Asset Management have launched a new outsourced chief investment officer program targeting clients with $10 million to $250 million in assets. The new program will enable UBS to offer services to a wider array of potential clients in the crowded OCIO market.

Regulators weigh how to define responsible fintech innovation

The Office of the Comptroller of the Currency will reportedly release a white paper on Thursday to begin exploring whether non-bank fintech companies should adhere to guidelines related to financial innovation.

SPOTLIGHT: DTCC and Digital Asset Holdings partner on repo settlement proof of concept

The Depository Trust & Clearing Corporation and Digital Asset Holdings are partnering to create a proof of concept for a repurchase agreement clearing solution based on distributed ledger technology. The two companies will develop and test a solution to manage the clearing and settlement of U.S. Treasury agency and agency mortgage-backed repo transactions. 

SEC delays decision date for IEX exchange application, opening door to more comments

The commission stated that the amendments the marketplace made to its exchange application in late February represented "a material departure from the original design that IEX proposed in its original Form 1," therefore warranting further review and comment.

BNP Paribas to market its compliance services to online marketplaces

BNP Paribas is launching a new service aimed at helping e-commerce sites and online marketplaces comply with European Union and French regulations.

SEC expects vendor selection for Consolidated Audit Trail by year end

The Securities and Exchange Commission will begin seeking public comment on the plan to build the Consolidated Audit Trail, or CAT, "in the coming few weeks," the SEC's Stephen Luparello told a conference this week, according to The Wall Street Journal. 

Tullett Prebon, ICAP set date for votes on sale of ICAP global broking

Tullett Prebon and ICAP have set March 24 as the date on which shareholders of both firms will vote on the proposed acquisition by Tullett Prebon of ICAP's global broking business.

IEX modifies its exchange bid to ensure equal handling of unfilled orders

In its much-debated bid to introduce a new exchange model designed to eliminate speed advantages of high-frequency traders, IEX is making a concession. The market is adjusting its handling of unfilled orders to ensure that an IEX exchange, if approved, would not only normalize the speed of orders as they arrive at IEX, but also as they are sent away.