Latest
HKMA Releases Full International FX Reserve Asset And Liquidity Data
- Hong Kong's financial markets regulator the HKMA yesterday announced full statistical data on FX assets and currency liquidity within its jurisdiction for the month of July 2013.
Monday, 02/09/2013 | 07:31 GMT by
Andrew Saks McLeod
All Together Now.... 11 Regulators Submit OTC Derivatives Cross-Border Report To G20
- In the worldwide quest to standardize the means by which OTC derivatives are regulated across all nations, eleven regulatory authorities submitted a report on regulatory matters to the G20 Committee on August 30.
Sunday, 01/09/2013 | 14:23 GMT by
Andrew Saks McLeod
Monetary Authority Of Singapore Issues Consultation On Basel III Liquidity Risk
- The Singaporean regulatory authorities have issued a detailed consultation paper relating to the implementation of the proposed Basel III rulings on liquidity. An emphasis has been placed on ensuring less reliance on FX Swaps.
Sunday, 01/09/2013 | 10:02 GMT by
Andrew Saks McLeod
Interactive Brokers Retracts Margin Loan Facility Following Breach Of ASIC License Terms
- Interactive Brokers has ceased providing its Australian clients with margin lending after surveillance by ASIC unearthed concerns that the company's license does not permit the extension of credit.
Wednesday, 28/08/2013 | 10:21 GMT by
Andrew Saks McLeod
Tardiness Will Not Be Tolerated – NFA Proposes Significant Increase In Late Report Fees
- The National Futures Association yesterday released full details of its proposed increase in fees for filing late FDM and financial reports from $200 to $1000 per business day, representing a significant increase.
Wednesday, 28/08/2013 | 09:57 GMT by
Andrew Saks McLeod
International FX Rate Conspiracy: Are Dealers Fixing Prices?
Wednesday, 28/08/2013 | 07:45 GMT by
Andrew Saks McLeod
US Authorities Ban PFG Auditor Permanently One Year After Firm Failure
- The US Commodity Futures Trading Commission has today announced that it has issued a permanent ban against Jeannie Veraja-Snelling, an external auditor and accountant acting for PFG at the time of its demise in July 2012.
Monday, 26/08/2013 | 19:14 GMT by
Andrew Saks McLeod
BIS Report on OTC Derivatives: Just How Much Does Market Reform Cost?
- A group of 29 institutions and authorities published a report on the effects of regulatory steps on the centralized clearing market, and sent reassuring signals about the collaterals needed to fund them.
Monday, 26/08/2013 | 12:26 GMT by
Andrew Saks McLeod
Manage Your Risks, Mate! RocoForex Forced To Submit To Additional Conditions By ASIC
- Australia's regulatory authorities continue reap value from its surveillance systems in unearthing compliance irregularities. Today, ASIC imposed additional license conditions onto RocoForex for risk management inadequacy.
Monday, 26/08/2013 | 07:50 GMT by
Andrew Saks McLeod
CySEC Withdraws Notice on Soliciting Non EU Clients for CIFs
- In a surprise move, the Cypriot financial regulator has issued a notice about the way regulated firms market and solicit non EU clients. The regulators earlier claim has been revoked that outlawed firms to deal with Non EU clients.
Friday, 23/08/2013 | 18:03 GMT by
Adil Siddiqui
ASIC Releases Sixth Supervision Report - Surveillance On The Agenda
- Australian financial markets regulator ASIC has released its sixth market supervision report today, further demonstrating its continued efforts to apply strict rulings to all firms which operate under its jurisdiction.
Wednesday, 21/08/2013 | 09:44 GMT by
Andrew Saks McLeod
Japanese Binary Options Rulings Examined: A Close Look At FFAJ's Regulatory Framework
- A month has passed since the binary options industry released platforms which comply with the new Japanese rules, however as with most new regulatory structures, there are many in-depth points to consider.
Tuesday, 20/08/2013 | 07:41 GMT by
Andrew Saks McLeod
$72 Million Ponzi Scheme Lands Gregory McKnight With 15 Year Jail Sentence
- The US Securities and Exchange Commission announced yesterday that Gregory McKnight has been sentenced to 15 years and 8 months in jail for operating a $72 million Ponzi scheme and operating without regulatory approval.
Wednesday, 14/08/2013 | 08:36 GMT by
Andrew Saks McLeod
Protectionism In The Largest FX Market: Is Japan Extinguishing Overseas Competition?
- Since the Japanese FSA released new strict guidelines to FX firms in May this year, an underlying bete noire has surfaced as overseas firms wishing to attract Japanese clients are marginalized by the authorities.
Tuesday, 13/08/2013 | 09:47 GMT by
Andrew Saks McLeod
FCA Fines Nigerian Bank, GTB, for Lapsed Money Laundering Controls
- The UK's Financial Conduct Authority has fined Nigerian bank, Guaranty Trust Bank (UK) Ltd £525,000 for failures in its anti-money laundering control. GT Bank joins a growing list of foreign banks who have failed to meet UK standards.
Monday, 12/08/2013 | 09:39 GMT by
Adil Siddiqui
Case Closed: NFA and IKON Global Markets Settle
- The US National Futures Association has entered into a settlement with IKON Global Markets and a senior director of the firm, following a complaint filed in April for non-cooperation. Permanent ban administered.
Thursday, 08/08/2013 | 11:46 GMT by
Andrew Saks McLeod
Hong Kong Monetary Authority Releases Foreign Currency Reserves for July 2013
- Every month, Hong Kong's regulatory authority, the HKMA, releases full details of the amount of foreign exchange contracts are held within the nation. July's figures, released yesterday, demonstrate a downward turn.
Thursday, 08/08/2013 | 09:55 GMT by
Andrew Saks McLeod
The Case Continues: BNY Mellon Faces Ongoing FX Fraud Case Once Again
- The latest development in the State of New York's lawsuit against financial giant BNY Mellon was heard by the Supreme Court on Monday this week, ruling that the fraud claims brought against the bank can proceed.
Wednesday, 07/08/2013 | 11:56 GMT by
Andrew Saks McLeod
Fraudulent Commodity Trader Gets $7.5 million Fine
- A federal court in Illinois has ordered a fraudulent money manager to pay $7.5 million in restitution. Chicago based Bradley Scott duped innocent investors for a total $7.8 million to trade in commodity futures.
Tuesday, 06/08/2013 | 21:24 GMT by
Adil Siddiqui
The Voice From Within - FX Industry Insiders Provide Detailed Perspective on CySEC Rulings
- As Cypriot regulator CySEC prepares to implement its ruling that non-EU clients must gain approval from local regulatory authorites before becoming a client, industry figures explain possible future dynamics.
Tuesday, 06/08/2013 | 15:52 GMT by
Andrew Saks McLeod
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