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Compliance

  • WASHINGTON, Oct 18- A U.S. Commodity Futures Trading Commission senior regulator is being thrust into the spotlight after the agency fined her former employer for a supervisory breakdown over illegal wash trades that primarily occurred on her watch. The commission's Sept. 28 civil case against Newedge USA LLC, now fully owned by Societe Generale, makes no...

  • WASHINGTON, Oct 18- A U.S. Commodity Futures Trading Commission senior regulator is being thrust into the spotlight after the agency fined her former employer for a supervisory breakdown over illegal wash trades that primarily occurred on her watch. The commission's Sept. 28 civil case against Newedge USA LLC, now fully owned by Societe Generale, makes no...

  • TAIPEI, Sept 30- A U.S. state regulator has found the Chicago banking branch of Taiwan's Mega Financial Holding Co has not met required compliance controls, the president of the Taiwanese financial firm told Reuters on Friday. President Bruce L.Y. Yang said financial regulators had uncovered problems with internal controls at the Chicago branch of Mega...

  • WASHINGTON, Sept 29- The Federal Reserve on Thursday told Agricultural Bank of China, one of the Asian country's top four banks, to bolster its compliance and risk management operations in order to ensure it adhered to U.S. rules. The Fed gave the Chinese bank 60 days to come up with a comprehensive plan to ensure it was in compliance with regulations issued by the...

  • FRANKFURT, Sept 23- Deutsche Bank is going for long-term solutions rather than quick fixes in setting up its new compliance team to ensure the bank can put behind it the problems that have cost it billions of euros in fines, the bank's regulatory boss said. Germany's biggest bank is also fighting a $14 billion demand from the U.S. Department of Justice to settle a...

  • SHANGHAI, Aug 30- Chinese private investment funds will conduct a "self-inspection" of their business practices in compliance with a directive from the State Council, China's cabinet, according to a notice posted on the website of the Asset Management Association of China. The inspection initiative follows a finding by China's securities regulator that some...

  • Tech takes on rouge traders

    Colleen Graham, Chief Supervisory Officer at Signac, discusses Palantir and Credit Suisse's joint technology initiative to crack down on rogue traders.

  • JPMorgan traders fired over compliance

    Filings reveal that the two employees did not adhere to certain control processes.

  • Compliance risks as Iran sanctions lifted

    Hugh Jones, CEO of Accuity, says businesses may face compliance problems when they try to do business in new markets such as Iran, where sanctions are expected to be lifted next year.

  • The cost of compliance

    Francis Lun, CEO at GEO Securities says the cost of compliance will affect banks earnings for years to come.

  • Hector Sants’ break from his role as chief compliance officer at Barclays due to stress has highlighted the strains on banks’ internal policemen.

  • New Financial Regulations Hard to Manage?

    Neil Owen, global practice director at Robert Half Financial Services, discusses how challenging the "wave of new regulations" is for financial services executives, especially finding the right talents to implement the changes.