Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News & Commentary
Content tagged with Compliance posted in October 2012
Page 1 / 2   >   >>
Capital Markets Outlook 2013: Innovation While Cutting Costs
News  |  10/31/2012  | 
Once again, CIOs and their IT organizations will be forced to do more with less in 2013. However, this was expected and most are finding innovative ways to slash costs while boosting productivity.
Barclays Hit by Fresh U.S. Investigations
News  |  10/31/2012  | 
Barclays, already rocked by an interest rate rigging scandal, unveiled new U.S. regulatory investigations into the bank's financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance.

U.S. Companies Delay Results Due to Sandy
News  |  10/30/2012  | 
Dozens of U.S. companies postponed releasing quarterly results as Sandy, one of the biggest storms to hit the United States, pounded the east coast, flooding large parts of New York City.

U.S. Companies Delay Results Due to Sandy
News  |  10/30/2012  | 
Dozens of U.S. companies postponed releasing quarterly results as Sandy, one of the biggest storms to hit the United States, pounded the east coast, flooding large parts of New York City.

Capital Markets Outlook 2013: Financial Transparency Gets Real
News  |  10/29/2012  | 
For Form PF, a Dodd-Frank requirement, firms must gather data from multiple sources, structure it, slice it according to how they believe the Securities and Exchange Commission will want to see the data, and file highly burdensome reports on deadline.
Did the Ouster of Pandit Violate Securities Laws?
Commentary  |  10/26/2012  | 
The news that Vikram Pandit's voluntary resignation as chief executive was really a boardroom ouster could trigger regulatory scrutiny.
Citi Fined $2 Mln By Massachusetts Over Facebook IPO
News  |  10/26/2012  | 
Massachusetts fined Citigroup $2 million to settle charges that two bank analysts improperly released confidential information about Facebook's financials before the technology company went public.

My Actions Were Not Fraudulent, Says UBS "Rogue Trader"
News  |  10/26/2012  | 
Former UBS trader Kweku Adoboli wept on Friday as he told a jury that his "off-book trades" were done for the benefit of a bank that meant everything to him.

IMF's Lagarde Urges Action On Unfinished Financial Reforms
News  |  10/26/2012  | 
Unfinished financial reforms are hampering recovery in key parts of the global economy and weighing on economic growth, the head of the International Monetary Fund warned.

My Actions Were Not Fraudulent, Says UBS "Rogue Trader"
News  |  10/26/2012  | 
Accused UBS "rogue trader" Kweku Adoboli said on Friday he did not believe his behaviour had been fraudulent and it was unfair to suggest that his previous jobs in the UBS back office had given him the knowledge and skills to commit fraud.

Why The U.S. Government Should Not Be Suing Bank of America
News  |  10/26/2012  | 
It's not the first time the government is targeting big banks, but it's probably not the right approach either.
The Evolving Role of the CDO
News  |  10/25/2012  | 
John Bottega, who has been chief data officer at Citi, the Federal Reserve Bank of New York and now Bank of America, says the role of data in the enterprise is increasing.
Big Data: A Big Deal for Trading Floors
Commentary  |  10/24/2012  | 
Regulators are requiring financial firms to store many types of trading communications, including voice, IM, mobile SMS, and social networks putting stress on existing systems, writes Orange Business Services- Trading Solutions;s Sébastien Jaouen.
Financial Markets Suffering from Lack of Trust
News  |  10/23/2012  | 
Speakers at the SAP Financial Services Forum say restoring the trust of investors and the public should be a top priority for the industry.
Coping with the Unintended Consequences of Dodd-Frank
Commentary  |  10/22/2012  | 
Financial firms are learning to cope with the effects of Dodd-Frank by turning their focus to IT and operations, vendor "lift outs: and variable headcount, writes SunGard' Global Service's John Avery.
UBS Trader Unchallenged Over 'Cosmetic' Changes to Books
News  |  10/22/2012  | 
Accused UBS fraudster Kweku Adoboli was not challenged when he told a colleague that he had made a "cosmetic adjustment" to the accounts.
Accused UBS Rogue Trader Unchallenged Over "Cosmetic" Changes to Books
News  |  10/22/2012  | 
Accused UBS fraudster Kweku Adoboli was not challenged when he told a colleague that he had made a "cosmetic adjustment" to the accounts, a London court heard on Monday.

HFT Players Struggle to Survive
Slideshows  |  10/19/2012  | 
High-frequency trading shops are having a difficult time in the current marketplace, as trading volumes remain extremely low. This week, Eladian closed its doors due to the weak market. Who will be next?
Insider Trading: Gupta Pleads To Go To Rwanda, Not Jail
News  |  10/18/2012  | 
Gupta's lawyers argue that a lengthy prison sentence isn't necessary. But perhaps Rwanda isn't right for him either.
Investigators Launch New Round of MF Global Exec Interviews
News  |  10/18/2012  | 
U.S. authorities investigating the collapse of MF Global have called in former executives of the failed commodities brokerage for additional interviews.
Investigators Launch New round of MF Global Exec Grilling
News  |  10/18/2012  | 
U.S. authorities investigating the collapse of MF Global have called in former executives of the failed commodities brokerage in recent weeks for additional interviews, people familiar with the inquiry said, as regulators work towards filing civil charges.

SEC Proposes Capital, Margin Rules for Swap Dealers
News  |  10/17/2012  | 
Large swap dealers would need to hold more capital, post collateral against riskier trades and take steps to protect their customers' money under new rules proposed by U.S. securities regulators on Wednesday.

Bloomberg's Vault Cloud Service Goes Local
News  |  10/17/2012  | 
Vault, a cloud-based enterprise information management solution, now has a version called Local Vault that meets regulatory requirements to keep data in a local jurisdiction.
SS&C Technologies Launches Service for Post-Trade Activities
News  |  10/16/2012  | 
GoTrade+ is a middle office service that supports post-trade activities of complex traded transactions including bilateral and cleared OTC derivatives.
Reauthorization Fight Looms for CFTC in 2013
News  |  10/16/2012  | 
In what promises to be a fierce fight over the direction of Wall Street regulation, Congress could revisit position limits and other controversial aspects of derivatives regulation in 2013, when lawmakers take up reauthorization of the CFTC.
Form PF: Lessons Smaller Asset Managers Can Learn From First Filers
News  |  10/16/2012  | 
The experiences of the largest investment managers can serve as helpful guideposts for smaller investment managers whose filing deadlines still remain on the horizon.
As HFT Profits Slump, the Hot Trend Loses Some Luster
Commentary  |  10/15/2012  | 
High frequency trading firms are contracting, as profits are down 35 percent from last year, leading some to reduce staff or close altogether.
Déjà Vu for the Market as the Black Monday Crash of '87 Turns 25
News  |  10/15/2012  | 
There are several parallels between how participants responded to major market crashes in 1987 and 2008, including calls for more transparency, and a significant reshaping of market structure.
Second-Tier Banks Need Capital Top-Up By 2016
News  |  10/11/2012  | 
Nationally important banks will need to hold extra capital from 2016 to cushion the impact on their domestic economies if they hit trouble, but the global banking watchdog will leave it up to national regulators to say how much more.

Obama Not 'Anti-Business'—Carlyle's Rubenstein
News  |  10/11/2012  | 
Carlyle Group LP co-founder David Rubenstein said President Barack Obama's economic plans are not anti-business, countering criticism from his Republican rival Mitt Romney, who like Rubenstein is a veteran of the private equity business.

Renewed Focus on Customer Experience: Fund Administrators Use Interaction to Create Differentiation
Commentary  |  10/11/2012  | 
In retail asset management, user experience is trumping otherwise more rational decision-making criteria, paving the way for commoditization of the investment style, and in the new age of the user experience, the winning or losing of clients will depend on experience style.
Obama Not 'Anti-Business'-Carlyle's Rubenstein
News  |  10/11/2012  | 
Carlyle Group LP co-founder David Rubenstein said President Barack Obama's economic plans are not anti-business, countering criticism from his Republican rival Mitt Romney, who like Rubenstein is a veteran of the private equity business.

Tax on Trading Threatens New Division in Europe
News  |  10/10/2012  | 
A plan by a group of euro zone countries to introduce a tax on financial transactions threatens to drive more trading to London from centers such as Frankfurt.
NY Mortgage Trial Could Have Broad Impact on Wall Street
News  |  10/10/2012  | 
A Michigan bank accused of misstating the quality of home loans it repackaged into mortgage-backed securities is set to go to trial in a case that could affect pending lawsuits against some of Wall Street's biggest firms.
How Do You Get The Biggest Bonus On Wall Street?
News  |  10/9/2012  | 
It hasn't been an easy year for Wall Street, but some finance professionals are going to have a good bonus season, according to a new survey.
Eleven Euro States Back Financial Transaction Tax
News  |  10/9/2012  | 
Eleven euro zone countries agreed to press ahead with a disputed tax on financial transactions.
UBS Trader Masked Risk Exposure of $12 Bln
News  |  10/9/2012  | 
Alleged rogue trader Kweku Adoboli exposed Swiss bank UBS to billions of dollars of hidden market risk for weeks on end, peaking at nearly $12 billion on Aug. 8 last year, a London court heard on Tuesday.

Are Wall Street Firms Looking to Third-Party Data Centers To Take Advantage of Efficient Cloud Computing?
News  |  10/8/2012  | 
In addition to cost savings, third-party data centers offer financial firms an increasing menu of infrastructure services, which can even help create competitive advantage. But security and compliance concerns will likely keep many financial organizations from soaring in the public cloud.
Ex-SEC Watchdog May Have Had Conflicts of Interest
News  |  10/8/2012  | 
A former SEC inspector general who left amid months of turmoil at his office may have had conflicts of interest surrounding several key investigations under his watch.
Tougher Bank Rules Set for Patchy Global Start
News  |  10/8/2012  | 
Many countries will not be ready by January to enforce new banking rules that form the world's regulatory response to the financial crisis.
It's Time to Get Serious About Software Testing, Says SEC Roundtable
Slideshows  |  10/5/2012  | 
Commentators observing the SEC markets technology roundtable held in Washington DC this week say the roundtable participants didn't get specific enough when it came to software testing and that the industry should look at how other industries, including aerospace, test and validate products before putting them to market.
Another Dark Pool Scandal Erupts Over Information Sharing
Commentary  |  10/4/2012  | 
The SEC's settlement with dark pool operator eBX over charges that Level ATS shared confidential client information with a third-party technology provider, raises trust issues for money managers.
Politics Boost Risk For Emerging Market Yield-Seekers
News  |  10/4/2012  | 
Investors rushing headlong to emerging markets in search of yield could find future returns under threat as economic downturns and income inequalities spur a rise in political risks.
Romney To Dodd-Frank: Get Ready For Repeal
Commentary  |  10/4/2012  | 
The GOP candidate promised to gut the sweeping regulatory reform that President Obama signed into law. That sound you hear are the tears of joy from Wall Street.
NY Suit Against JPMorgan Makes a Ripple, Not a Splash
News  |  10/3/2012  | 
New York state's lawsuit against JPMorgan Chase & Co alleging fraud in mortgage-backed securities sold by Bear Stearns may be one of the broadest cases to come out of the financial crisis, but its impact is likely to be limited. The biggest beneficiaries may be investors who have taken out private lawsuits against the bank.

Dark Pool Settles SEC Charges of Failing to Guard Data
News  |  10/3/2012  | 
Dark Pool Settles SEC Charges of Failing to Guard Data
Data Center Spending Is Simply Unsustainable
Commentary  |  10/3/2012  | 
Financial firms spend millions to build data centers and then millions annually to continue running the facilities. A perfect storm of increasing costs and server underutilization and declining industry revenues are forcing firms to rethink their data center strategies.
SEC Technology Roundtable: How To Test Your Software To Avoid Technical Glitches
News  |  10/2/2012  | 
During the SEC's market technology roundtable, GETCO CTO Jonathan Ross argued that market participants must follow several testing best practices to avoid technical glitches.
SEC Technology Roundtable: How To Test Your Software To Avoid Technical Glitches
News  |  10/2/2012  | 
During the SEC's market technology roundtable, GETCO CTO Jonathan Ross argued that market participants must follow several testing best practices to avoid technical glitches.
NY Sues JPMorgan Over Bear Stearns Mortgage Securities
News  |  10/2/2012  | 
This is the first action to come out of a working group created by President Obama to go after wrongdoing that led to the financial crisis.
Page 1 / 2   >   >>


Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.