In an investor alert titled "Bitcoin: More than a Bit Risky," the Financial Industry Regulatory Authority said recent events such as the bankruptcy of Bitcoin exchange operator Mt. "Speculators drawn to bitcoin trading should understand that bitcoin prices have fluctuated widely, and wildly," said Gerri Walsh, FINRA's vice president for investor education.» Read More
LONDON, Jan 23- Britain's financial regulator has fined the UK arm of South Africa's Standard Bank Group 7.6 million pounds for lax anti-money laundering controls of corporate customers linked to people holding prominent public functions.
Diana Choyleva, director and head of the U.K. service at Lombard Street Research, says the implementation of necessary financial sector reforms in China will be "unpleasant and very difficult" and lead to "below-trend growth."
HONG KONG/SHANGHAI, Jan 17- China's banking regulator is pressuring banks to curb reliance on short-term borrowing and control risks from off-balance-sheet lending,.
TORONTO, Jan 16- Canadian upstart stock exchange applicant Aequitas Innovations Inc has tweaked its proposed trading model after its initial plan was rebuffed by Ontario's securities regulator, the company and the regulator said on Thursday.
NEW YORK, Jan 15- The U.S. Federal Reserve has given JPMorgan Chase& Co an "ultimate time limit" for selling its Henry Bath warehousing unit, a regulatory executive at the U.S. central bank told a Senate banking committee hearing on Wednesday. In July 2013, JPMorgan announced plans to sell the whole of its physical commodities business, which includes Henry Bath.
NEW YORK, Jan 15- The U.S. Federal Reserve has given JPMorgan Chase& Co an "ultimate time limit" for selling its Henry Bath warehousing unit, a regulatory executive at the U.S. central bank told a Senate banking committee hearing on Wednesday. The bank announced plans in July to sell its physical commodities business, which includes Henry Bath.
FRANKFURT, Jan 14- Regulators in Cyprus are investigating transactions made by now-defunct Laiki Bank and arranged by Germany's Commerzbank.
Jeffrey LeSage, KPMG vice chairman of U.S. tax practices, discusses tax reform and the key concerns facing business leaders. The likelihood of getting any kind of tax reform from Washington is "pretty small," says Lesage.
Simon Maughan, head of research at OTAS Technologies, comments on regulators relaxing Basel debt rules.
*Banks welcome easing of leverage ratio calculation. LONDON, Jan 12- Global banking regulators agreed on Sunday to ease the way a new rule, meant to rein in risky balance sheets from 2018, is compiled to try to avoid crimping financing for the world's economy.
The Financial Industry Regulatory Authority and the U.S. Securities and Exchange Commission are reviewing firms' practices for advising customers about so-called rollovers. The SEC said on Thursday that the issue is one of its 2014 examination priorities, after FINRA announced its own plans on January 2.
WASHINGTON, Jan 8- Several U.S. lawmakers waded into a squabble between small banks and their regulators this week, supporting the companies' efforts to scale back the so-called Volcker rule which restricts banks' ability to make bets with their own money.
*JPMorgan's brokerage feels financial impact of regulation. LONDON, Jan 8,- JPMorgan Chase& Co, the world's biggest dealer in over-the-counter metals derivatives, has added its metals futures brokerage to the sale of its physical commodities business, sources familiar with the matter said.
*JPMorgan's brokerage feels financial impact of regulation. Jan 8,- JPMorgan Chase& Co, the world's biggest dealer in over-the-counter metals derivatives, has added its metals futures brokerage to the sale of its physical commodities business, sources familiar with the matter said.
*All banks above 1.6 trillion yuan in assets must disclose. SHANGHAI, Jan 8- China's bank regulator will require the country's largest lenders to disclose their off-balance-sheet exposures and other indicators in a move to implement global rules designed to strengthen regulation of "too-big-to-fail" banks.
BEIJING/ SHANGHAI, Jan 6- China's cabinet has published guidelines strengthening regulation of risky off-balance-sheet lending in a new effort to address growing financial risks from an explosion in debt.
CHINA BANKING RULES TO STRENGTHEN REGULATION OF OFF-BALANCE-SHEET LENDING.
Chi Lo, Senior Strategist, Greater China at BNP Paribas Investment Partners, says China's local debt accumulation is unsustainable.
Dec 20- A Beverly Hills, California, securities broker who advised Hollywood stars and racked up dozens of complaints from customers has been permanently barred from the securities business in a settlement with Wall Street's industry-funded watchdog.
Dec 20- Ally Financial Inc agreed to pay $98 million to settle allegations by federal regulators that it discriminated in auto lending by charging minority borrowers higher interest rates than white borrowers.