Compliance & Risk Management

Latest Headlines

Latest Headlines

Sifma calls for move to T+2 settlement

The Securities Industry and Financial Markets Association (Sifma) announced today its support for a movement to shorten the trade settlement cycle for U.S. equities, corporate bonds and municipal bonds. Sifma supports cutting the length of time a trade should have to settle from the current three days after the trade date (T+3) to two days post-trade date (T+2).

The SEC and the little guy

As the world is absorbed with the speed of high-frequency trading and how the structure of today's markets affect the capital formation process, a speech was being delivered at MIT's Sloan School of Management that looked at capital formation from another angle--starting small.

Sifma pushes for increased Legal Entity Identifier adoption

The Securities Industry and Financial Markets Association is calling for an increased push from regulators in the adoption of legal entity identifiers (LEIs) to help measure and monitor systemic risk.

Banks and companies warn of new swap market's impact

Banks and multinational corporations have taken to the newswires in recent days to warn of the financial ramifications of new swaps market regulations. Meanwhile, today the Basel Committee on Banking Supervision in Switzerland published its final standard for calculating regulatory capital for banks' exposure to central counterparties.

SEC charges NJ firm with predatory HFT practices

The Securities and Exchange Commission has charged a New Jersey-based firm with "spoofing" or "layering," which is a practice considered to be one of the more predatory high-frequency trading techniques. In total, two firms and five individuals agreed to pay a combined sum of $3 million to settle the case.

CFTC investigating exploitative HFT in derivative markets

Concern about predatory high-frequency trading is not confined to equity markets. The Commodity Futures Trading Commission is also investigating potential predatory trading practices in derivatives markets, the chairman of the commission admitted last week.

Financial close processes are 82% manual at global 1000 firms, study shows

The ability of firms to analyze their own financial results may be hampered by lack of automation in an internal area that involves repeated rote processes, a new study shows. Large firms with multiple legal entities dedicate more than 8,300 personnel days per year to monthly and quarterly financial close processes that could be easily automated, the study finds.

US investigates Clearstream for money laundering, sanctions violations

Clearstream, the clearing and settlement unit of Deutsche Borse is facing a criminal investigation in the U.S. over possible money laundering and violation of U.S. sanctions against Iran. The criminal investigation is coming a few months after Clearstream reached a settlement with the U.S. Treasury over similar allegations.

Masters exits JPMorgan

The news that JPMorgan agreed to sell its commodities business for $3.5 billion two weeks ago attracted far less attention than the news that the head of the division is also planning to depart the...

FBI investigated HFT firms for a year

The Federal Bureau of Investigation has been quietly monitoring high-frequency trading (HFT) for a year to determine whether certain HFT practices amount to insider trading. News of the FBI's probe brings the number of government-related agencies or offices investigating whether HFT puts certain market participants at a disadvantage to four.