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European Regulator Slammed 225 Securities Issuers in 2022

Issuers' biggest failing relates to accounting for financial instruments, ESMA says.
The regulator examined 640 IFRS-compliant financial statements in 2022.

Wednesday, 29/03/2023 | 14:04 GMT by Solomon Oladipupo

cysec

Devaluation Eats 18% into Cypriot Investment Managers’ AUM in 2022

CySEC also attributed the decrease to redemptions of shares and asset disposals.
The drop came despite the increase in investment firms during the third quarter.

Tuesday, 28/03/2023 | 13:22 GMT by Solomon Oladipupo

European Securities and Markets Authority (ESMA)

ESMA Fines S&P €1.1M for Premature Credit Ratings, Other Breaches

S&P is one of three largest credit rating agencies in the world.
The penalty includes €825k, €210K and €75k fines for alleged CRA regulation violation.

Friday, 24/03/2023 | 13:38 GMT by Solomon Oladipupo

Thought Leaders

Top Trading Tips for 2023

We take a closer look at some of the hottest trading tips for 2023, by our T4Trade team.

Wednesday, 29/03/2023 | 11:49 GMT by FM

Securities and Exchange Commission

US Wants Financial Services to Get Rid of Paper

The SEC says electronic submission was "generally well received" during COVID-19 period.
The regulator is accepting public feedback on proposed amendments until May 22.

Wednesday, 22/03/2023 | 18:36 GMT by Solomon Oladipupo

silicon valley bank

Silicon Valley Bank Is Back in Germany after Creating New Subsidiary

The original Silicon Valley Bank transferred all its assets to Silicon Valley Bridge Bank N.A.
It allowed SVB to register a new German subsidiary and obtain BaFin authorization.

Tuesday, 21/03/2023 | 11:35 GMT by Damian Chmiel

silicon valley bank

SVB Financial Executives' Share Sales under Scrutiny in Ongoing SEC and DoJ Probes

DoJ and SEC join Fed in examining the SVB's crisis.
Investigations include reviewing SVB Financial executives' shares sales before the collapse.

Wednesday, 15/03/2023 | 09:43 GMT by Damian Chmiel

sfc

SFC Slaps City International Futures with $100,000 Fine for Regulatory Breaches

The SFC took into account many mitigating factors when imposing the penalty.
However, the regulator wanted to convey that such failures are unacceptable.

Thursday, 09/03/2023 | 10:06 GMT by Damian Chmiel

Asic

ASIC Encourages Whistleblowers to "Speak Up" and Publishes Good Practices Report

The Australian regulator wants to help improve companies' whistleblowing rules.
ASIC reminds regulated entities that they are obliged to protect whistleblowers from detriment.

Thursday, 02/03/2023 | 09:12 GMT by Damian Chmiel

Credit Suisse

FINMA Concludes Proceedings in $10b 'Greensill' Case against Credit Suisse

The Swiss regulator investigated the lender's relationship with Lex Greensill and his funds.
The funds were launched in 2017 and closed four years later.

Tuesday, 28/02/2023 | 11:26 GMT by Damian Chmiel

Thought Leaders

EXCLUSIVE: ZuluTrade’s Revamped Affiliate Program Is Now Live

The Affiliate Portal brings a series of new and head-turning benefits for Affiliates.

Wednesday, 29/03/2023 | 09:55 GMT by FM

boe

Market Infrastructure Providers Greenlight BoE, FCA Supervision

The FCA is also seeking to enhance the UK's asset management laws.
Moreover, the markets supervisor is planning a new financial promotions regime.

Friday, 24/02/2023 | 16:22 GMT by Solomon Oladipupo

interest rates

The Impact of Rising Interest Rates on Banking Operations

A look into interest rates, banking operations, and profitability.

Monday, 20/02/2023 | 16:12 GMT by Finance Magnates Staff

deutsche bank

Deutsche Bank's 'Project Teal' Probe on FX Mis-Selling to End after 3 Years

ECB and BaFin are "not satisfied" with Deutsche Banks' internal probe.
The investigation may lead to another round of financial penalties.

Monday, 20/02/2023 | 12:47 GMT by Damian Chmiel

US SEC

US Regulator Adopts Rules to Enforce Single-Day Securities Settlement

The SEC sets May 28, 2024, as the compliance date.
The securities regulator started enforcing the current T+2 cycle in 2017.

Wednesday, 15/02/2023 | 20:50 GMT by Solomon Oladipupo

south-korea

South Korea Revises Decades-Old Forex Transaction Rules

The country has approved nine securities firms to engage in currency exchange business.
South Korea recently announced plans to embrace offshore firms in its forex markets.

Friday, 10/02/2023 | 20:26 GMT by Solomon Oladipupo

finra

FINRA Hits SageTrader with New $100k Fine for AML Failure

The violation allegedly occurred between April 2016 and December 2019.
FINRA fined SageTrader $775K for supervisory failures in July last year.

Wednesday, 08/02/2023 | 20:31 GMT by Solomon Oladipupo

Thought Leaders

Global Banking Crisis, Inflation, and Interest Rates: What Happens Next?

Are we headed for quantitative easing and will we see rates drop and lending ease?

Tuesday, 28/03/2023 | 10:39 GMT by FM

European Securities and Markets Authority (ESMA)

Europe’s Money Market Fund Assets Stood at €1.44tn in 2021, Says ESMA

Low volatility NAV accounted for almost half (46%) of the assets.
Over 90% of money market fund investors are professional investors.

Wednesday, 08/02/2023 | 16:16 GMT by Solomon Oladipupo

sec

Regulators Slapped Industry with Record Fines in 2022, SEC in the Lead

WhatsApp crackdown amounted to fines of $1.1 billion.
Also, European regulators imposed high penalties although visibly lower than the SEC.

Tuesday, 31/01/2023 | 12:17 GMT by Damian Chmiel

esma

ESMA Proposes Changes to Money Market Funds Stress Test Scenarios

The events of March 2020 have shown that the current methodology needs fine-tuning.
ESMA waits for industry participants' comments until 28 April 2023.

Tuesday, 31/01/2023 | 10:46 GMT by Damian Chmiel

European Securities and Markets Authority (ESMA)

ESMA Consults Public on Post-Trade Transparency, Sets March 31 Deadline

ESMA will issue a manual on post-trade transparency after gathering public feedback.
The manual does not provide EU law interpretation or supervisory elements, ESMA said.

Thursday, 19/01/2023 | 14:03 GMT by Solomon Oladipupo

finra

FINRA Fines Nomura Securites $125k for Miscalculating Its Net Capital

Nomura allegedly misclassified reverse repos with affiliate NSC as allowable assets.
FINRA has recently penalized Wells Fargo, Instinet and DBOT for various violations.

Monday, 16/01/2023 | 17:50 GMT by Solomon Oladipupo

finra

FINRA Fines Justly Markets (Formerly DBOT) $100K for Missing Records of 95M Orders

Justly Markets operated as DBOT during the period of the alleged violation.
The ATS firm's former third-party vendor deleted the records.

Thursday, 29/12/2022 | 21:28 GMT by Solomon Oladipupo

Thought Leaders

Fxview Puts Technology Enablement into Perspective

Fxview’s low latency technology facilitates lightning-fast trade execution.

Monday, 27/03/2023 | 08:24 GMT by FM

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