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News & Commentary
Content tagged with Compliance posted in December 2008
CDS Central Clearing Platforms Approved by Regulators
News  |  12/30/2008  | 
NYSE Euronext Liffe and CME-Citadel's CMDX receive the green light from regulators to launch centralized clearing platforms for credit default swaps.
New Financial Products Need New Regulation
News  |  12/23/2008  | 
The crash of the financial markets and the pile up of investment scams have some people asking -- Where were the regulatory agencies in all of this?
Wall Street & Technology’s 2009 Capital Markets Outlook
News  |  12/22/2008  | 
WS&T's editors look at the year ahead and present visions for 11 areas where change may come in 2009.
Canadian Banking System Could Provide Insight Into Future Regulatory Planning
News  |  12/22/2008  | 
Canada's banks have survived the worst of the global crisis; perhaps their model can provide a framework for a healthy world banking system.
Euroclear Sets New Messaging Standards
News  |  12/19/2008  | 
Approval granted from the ISO 20022 registration bodies
Credit Suisse to Pay Bonuses With $5B in Illiquid Assets
News  |  12/18/2008  | 
A story just posted on Bloomberg says that Credit Suisse plans to pay bonuses to directors and managing directors using $5 billion in illiquid assets. The story says, "Credit Suisse Group AG's investment bank has found a new way to reduce the risk of losses from about $5 billion of its most illiquid loans and bonds: using them to pay employees' year-end bonuses."
Obama Taps Schapiro To Head SEC
News  |  12/18/2008  | 
President-elect Barack Obama officially named Mary Schapiro as head of the Securities and Exchange Commission (SEC) today.
Corporate Fraud and Misconduct Risks Driven by Pressure to do ’Whatever It Takes’
News  |  12/18/2008  | 
Fewer episodes reported by companies with ethics and compliance programs
Hedge Funds Could Be A Source of Recovery for Victims of Madoff's Swindle
News  |  12/18/2008  | 
Fund-of-Funds Earned 20 Percent Commission on Madoff's Bogus Investments
Obama To Choose Schapiro to Head SEC
News  |  12/18/2008  | 
Regulators Set to Tighten Grip, Focus on Accountability and Transparency in 2009
News  |  12/17/2008  | 
The current financial meltdown has been partially blamed on a lack of regulation. To correct the problems that contributed to the crisis, regulators should target specific problem areas while making sure they don't overregulate and asphyxiate the markets.
2009 CIO Challenges: Regulation
News  |  12/17/2008  | 
Industry experts look at the impact of regulation in 2009, and how CIOs can deal with the requirements of new regulations.
Madoff and the SEC: how could the Wall Street exec have fallen through the cracks?
News  |  12/17/2008  | 
SEC chairman Christopher Cox admitted the agency missed repeated opportunities to discover what may be the largest financial scam in history. But just how could the SEC have failed to notice the red flags for so long?
Update on the Madoff Scandal (media roundup)
News  |  12/17/2008  | 
As the dust settles on the Madoff scandal, the SEC blames itself for a decade-long failure to investigate the Wall Street executive. Meanwhile, Madoff is scrambling to find any remaining friends to keep him out of jail. Here's the latest media roundup on the scandal:
Options Trading Surfaces In Madoff Fraud
News  |  12/16/2008  | 
Analyst warns that liquidity in the options contracts that Madoff was trading could not have supported the total assets ($17 billion) that he allegedly managed.
Regulators Comb Through Madoff Records; Victims Speak Out (Video)
News  |  12/15/2008  | 
In this target="_blank">MSNBC video, "Victims Speak Out," a retired couple living in Boynton Beach, Florida, tell how they entrusted their life savings accumulated over a period of 50-years to Madoff with whom they felt privileged to invest.
Bernie Madoff on Violating Rules (Video)
News  |  12/15/2008  | 
"It's Virtually Impossible to Violate Rules," Madoff Says in a 2007 Video Interview
Madoff: Reflections and Reactions
News  |  12/12/2008  | 
Many of us who knew Bernie Madoff are reacting personally because he is a part of the market's history and we're disappointed cause he let us down.
The Madoff Affair
Commentary  |  12/12/2008  | 
SEC Charges Bernard L. Madoff for Multi-Billion Dollar Ponzi Scheme
News  |  12/12/2008  | 
$50 billion of clients' money allegedly lost.
Madoff: "The Owner's Name is On the Door"
News  |  12/12/2008  | 
As everyone in the industry must know by know Bernard Madoff, tk of Bernard Madoff Investment Securities has been arrested for fraud. He allegedly admitted that his firm is just a giant Ponzi scheme---one that lost $50 billion in investors money. It's ironic that it says this on the firm's Web site, "In an era of faceless organizations owned by other equally faceless organizations, Bernard L. Madoff Investment Securities LLC harks back to an earlier era in the financial world: The owner's name
Bernard Madoff Arrested: Firm Giant Ponzi Scheme
News  |  12/11/2008  | 
Wow, I second Ivy Schmerken on this. I nearly fell off my chair when I read this: "Bernard Madoff arrested over alleged Ponzi scheme" There aren't too many details yet, but Bernard Madoff, founder of Bernard L. Madoff Investment Securities, was arrested today, according to an article reported in the Wall Street Journal.
Treasury on Hot Seat Over TARP Execution
News  |  12/11/2008  | 
Two-and-a-half months after Congress gave Henry Paulson $700 billion, lawmakers made it clear today they're having second thoughts.
Holiday Drinks for the Bailout Season
News  |  12/9/2008  | 
A PR firm Cognito that caters to financial journalists is hosting a holiday party on Thursday evening with themed cocktails and descriptions that reflect the current events in the news.
Merlin Securities offers new tool for hedge funds to meet new SEC regs
News  |  12/8/2008  | 
The new tools simplify reporting of short positions.
Demand for Low-Latency Infrastructure in Financial Markets Continues Despite Current Turmoil
News  |  12/4/2008  | 
There is a race underway in the financial markets, with technology vendors and service providers vying to offer the lowest possible latency in the delivery of market data and trade execution information.
SEC cracks down on credit rating agencies
News  |  12/3/2008  | 
New rules crack down on conflict of interest by credit rating agencies, which have been criticized for contributing to the current financial crisis.
Kaplan Streamlines Complaint Tracking for Broker-Dealers
News  |  12/3/2008  | 
The solution allows broker-dealer firms to initiate and manage complaints from a single interface.
RidgeWorth Capital Cutting Costs Through App Outsourcing
News  |  12/3/2008  | 
Investment firm has negotiated a firm-friendly application hosting, development and maintenance services deal with Linedata.
J.P. Morgan’s Transition Management Business Expands
News  |  12/1/2008  | 
Record flows seen as transition management increases.

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