regulation
US Considers Stringent Capital Adequacy Requirement for CPOs & CTAs
- Following in the footsteps of the FX industry's regulations on net capital adequacy, US financial regulatory authorities are investigating the possibility of implementing a net capital requirement on CPOs and CTAs
Thursday, 23/01/2014 | 18:25 GMT by
Andrew Saks McLeod
UK's FCA Fines South Africa's Standard Bank Subsidiary £7.6 Million Over AML Failures
- One of Africa's largest banks, with extensive operations in 18 African countries, and in 13 other countries outside of Africa, had its UK subsidiary served a fine by the Financial Conduct Authority over AML failures.
Thursday, 23/01/2014 | 18:15 GMT by
Steven Hatzakis
iFX EXPO Asia Concludes Final Day, Attendees Reflect on Sophisticated Debate
- This year's iFX EXPO in Macau has concluded, and as attendees make their way from the evening party's networking and reflection on two days of high energy industry debate, Asia remains hot property in the FX industry.
Thursday, 23/01/2014 | 15:51 GMT by
Andrew Saks McLeod
Exclusive: Depaho Ltd Soaks Up FXGM as Cypriot M&A Activity Follows the Big Boys
- CySec has today announced that FXGM has renounced its CIF license, with FXGM stating that it has completed a merger with Depaho Ltd, resulting in the transfer of all staff, including CEO Gil Farhang.
Thursday, 23/01/2014 | 14:11 GMT by
Andrew Saks McLeod
CySec Outlines Obligatory CIF Conduct, Highlights Illegality of Withholding Withdrawals
- Cypriot watchdog organization, has released a regulatory statement on the trading benefits to clients of CIFs rendering account opening and deposit bonuses useless as they can be withdrawn without trading.
Thursday, 23/01/2014 | 05:37 GMT by
Jeff Patterson
UBS, RBS in Talks with EU Antitrust Officials Over Swiss Franc Libor Probe
- UBS and three other banks, including RBS are negotiating with EU Antitrust officials to settle a third probe into the manipulation of benchmark rates, this time related to the Swiss Franc Libor rate.
Thursday, 23/01/2014 | 02:23 GMT by
Jeff Patterson
iFX EXPO Asia 2014 Day 1 Review - Leveraging Up Among Vibrant Discussion
- The first day of this year's iFX EXPO has drawn to a close in Macau, as 1,500 senior industry figures reflect on a day of panel discussions relating to cutting-edge industry developments, and look forward to a vibrant second day ahead.
Wednesday, 22/01/2014 | 14:48 GMT by
Andrew Saks McLeod
Belgium Regulator FSMA Warns of ForexTrada.com Not Authorized Investment Firm
- The Financial Services and Markets Authority (FSMA) which oversees Financial Markets in Belgium has issued a warning to investors that the company Forex Trada is not authorised in Belgium to offer investments.
Wednesday, 22/01/2014 | 09:45 GMT by
Steven Hatzakis
Weaver Accounting Firm, Forex Capital Markets Accused of Providing Aid to FX Fraudster
- A receiver for recently convicted forex trader Kevin G. White has announced a lawsuit against the accounting firm Weaver & Tidwell LPP along with a trader at Forex Capital Markets LLC for aiding White.
Wednesday, 22/01/2014 | 05:03 GMT by
Jeff Patterson
A Look At FX Post-Trade Processing Amidst Mounting Regulation
- With global markets reeling from regulation, the need for post-trade processing for equities, fx transactions, and SEFs have been put under the microscope, questioning presently used settlement options.
Wednesday, 22/01/2014 | 02:23 GMT by
Jeff Patterson
Xtrakter Links Up CME Group For Derivatives Repository In Compliance With EMIR
- Xtrakter, a global provider of capital markets data, exchange matching, and reporting services has announced the launch of its new TRAX Repository Link (TRL) and initiative with the CME Group Repository.
Wednesday, 22/01/2014 | 00:38 GMT by
Jeff Patterson
CFTC Establishes Working Group For Review Of Swap Transaction Data & Record Keeping
- The Commodity Futures Trading Commission has today announced the implementation of a working group which is responsible for reviewing certain swaps transaction data record keeping and reporting provisions
Tuesday, 21/01/2014 | 17:43 GMT by
Andrew Saks McLeod
FCA Outlines Proposed Expenses Levy For Financial Compensation Scheme
- Britain's Financial Conduct Authority has today released a consultation paper proposing that the Management Expenses Levy Limit under its customer compensation scheme should be set at £80 Million
Monday, 20/01/2014 | 21:02 GMT by
Andrew Saks McLeod
CySEC Warns Investors That FX TRIDENT 365 LTD, Tridentfx.com, Not Authorised In Cyprus
- The Cyprus Securities & Exchange Commission warns about a firm whose URL is not operational as of publication, but cached web data had listed it in Cyprus, calls to the firm from Forex Magnates went to its voice-mail.
Monday, 20/01/2014 | 13:02 GMT by
Steven Hatzakis
French Regulator Warns of 69 Binary Options Websites, Adds 9 New To List, Removes 4
- The Autorité des marchés financiers, known as the AMF of France, has issued a warning of sixty nine binary options websites, adding nine new websites to the list and while removing four websites since its last warning.
Monday, 20/01/2014 | 09:02 GMT by
Steven Hatzakis
Nadex Receives Certain CFTC Exemptive Relief Due To Its Different Business Model
- The IG Group subsidiary operating under the name North American Derivatives Exchange, known as Nadex, just had its request granted by the CFTC for relief from specific requirements deemed not applicable to its business.
Friday, 17/01/2014 | 22:59 GMT by
Steven Hatzakis
MiFID II Update: HFT Crackdown, Speculative Position Limits, and Investor Protection
- The long anticipated changes to the Markets in Financial Instruments Directive (MiFID), announced earlier this week, is set to bring a wave of regulatory changes, as a result of the European Parliaments recent agreement.
Friday, 17/01/2014 | 19:19 GMT by
Steven Hatzakis
CySEC Slaps the Wrists of Two Binary Options Related Firms
- Out of a maximum limit of €350,000, the Cyprus Securities and Exchange Commission fined an unlicensed broker €8,000 and a payment processor €10,000 for "false or misleading statements" to the regulator.
Thursday, 16/01/2014 | 16:30 GMT by
Avi Mizrahi
Bitcoin regulatory status around the world, January 16th 2014 update
Thursday, 16/01/2014 | 15:49 GMT by
FMAdmin Someone
Exclusive: FX Licensing Consultancy Launches Technology & Social Trading Solution
- FX licensing company Archer Consultants completes its quest for a turnkey solution with APIFX, a broker-neutral technology solution launched today, as well as a broker and liquidity agnostic social trading network.
Thursday, 16/01/2014 | 14:27 GMT by
Andrew Saks McLeod
Forex Thief Gets 15 Years, Gambled Clients' Funds at Casino, Tried Evading Capture
- The slick forex fraudster wasn't so smooth, after unlawful conduct, including evading feds and obtaining a high quality fake Russian passport, were not enough to keep Aleksander Efrosman from getting a +15 year prison term.
Thursday, 16/01/2014 | 09:58 GMT by
Steven Hatzakis
Forex Scandal Deepens, Deutsche Bank Moves To Suspend Latin-Based Traders
- The world’s largest foreign exchange dealer Deutsche Bank AG, has suspended a number of currency traders following an ongoing investigation that recently unveiled fraudulent charges of rate rigging.
Wednesday, 15/01/2014 | 23:49 GMT by
Jeff Patterson
Federal Court Ruling in Forex Fraud, $1.5M in CFTC Sanctions to Mark E. Rice of Texas
- A permanent registration/ trading ban, handed down by a Texas court, to defendant Mark E. Rice, along with $1.5 million in civil penalty's and restitution, as part of a CFTC complaint uncovering a fraudulent Forex scheme.
Wednesday, 15/01/2014 | 21:01 GMT by
Steven Hatzakis
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