Financial Reform
More
-
The parent company of Union Center National Bank said Vincent Tozzi is resigning as Chief Financial Officer of Center Bancorp and UCNB from May 31.
-
May 3- The Financial Industry Regulatory Authority is cautioning brokerage firms about the way they market some real estate investment trusts after a review by the Wall Street watchdog revealed problems, according to a regulatory notice.
-
NEW YORK, May 2- Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance professionals.
-
NEW YORK, May 2- Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance professionals.
-
WASHINGTON, May 2- The Depository Trust& Clearing Corp sued the top U.S. derivatives regulator over the way it has allowed CME Group Inc and IntercontinentalExchange Inc to gather swap trading data from clients.
-
LISBON, May 2- The Portuguese government on Thursday gave the go-ahead to the privatisation of the insurance arm of state-owned bank Caixa Geral de Depositos, expecting to complete the process before the end of the year. The sale of the two units was agreed between Portugal and its EU/IMF lenders under the terms of a 78- billion euro bailout in 2011..
-
WASHINGTON, May 2- Depository Trust& Clearing Corp sued the top U.S. derivatives regulator over the way it has allowed two DTCC rivals to gather potentially lucrative swap trading data.
-
LONDON, May 1- Britain's top banking regulator defended his tough rules, saying strong capital buffers were a pre-condition for keeping the economy supplied with credit. Andrew Bailey was speaking after the UK government urged the Bank of England's risk watchdog, on which Bailey sits, to ensure regulation does not impede recovery.
-
FRANKFURT, April 30- European regulators will decide within two months how to conduct an extensive review of the euro zone's lenders, Bundesbank Vice-President Sabine Lautenschlaeger said.
-
LONDON, April 30- Lloyds Banking Group said on Tuesday Ireland's financial regulator Matthew Elderfield would join the bank in October with responsibility for overseeing all compliance and conduct risk activities.
-
FRANKFURT, April 30- Deutsche Bank co-Chief Executive Anshu Jain said the capital measures announced on Monday would be sufficient to help Germany's flagship lender meet stricter bank safety rules, although some of these rules are not yet finalised. On Monday, Deutsche Bank said it would beef up its balance sheet with a 2.8 billion euro capital increase.
-
WASHINGTON, April 29- The U.S. consumer bureau said on Monday it tweaked its rules to fix part of a 2009 law that lawmakers and industry groups said kept some stay-at-home parents from getting credit cards.
-
LONDON, April 29- Nearly nine in 10 financial services executives are struggling to recruit staff with the right skills as regulatory changes boost demand for experts in areas such as compliance and accounting, a report suggested on Monday.
-
HONG KONG, April 26- Agricultural Bank of China Ltd will issue up to 90 billion yuan of bonds that are eligible for regulatory capital treatment, the bank said in a statement on Friday. Up to 40 billion yuan of the bonds will be eligible for Tier 1 capital treatment, with the remainder eligible for Tier 2 under China's new capital rules.
-
HONG KONG, April 25- Hong Kong's banking regulator said on Thursday it was doubling the size of its anti-money laundering team to strengthen supervision amid intensifying scrutiny of monitoring and compliance systems at global financial institutions.
-
Greg Medcraft, Chairman of the International Organization of Securities Commissions, explains why the issue for financial systems is not about more regulation, but about appropriate regulation.
-
Some industry comments sent to the SEC said this portion of the rule would be a challenge to implement. FINRA, Wall Street's industry-funded watchdog, filed a notice with the SEC on April 18 to withdraw the proposal.
-
LONDON, April 24- Britain's financial regulator has fined the UK subsidiary of Swiss private banking group EFG International 4.2 million pounds for failing to establish effective anti-money laundering controls for its wealthy customers.
-
BRUSSELS, April 24- EU antitrust regulators will examine IntercontinentalExchange Inc's $8.2 billion takeover of NYSE Euronext in line with a request from the exchange operators themselves, a spokesman for the European Commission said on Wednesday.
-
April 24- Nasdaq OMX Group Inc has set aside cash to reimburse firms harmed in Facebook Inc's botched market debut last May, and to possibly settle a regulatory probe into the matter, denting the exchange operator's first quarter profits.