regulation
Volcker Rule Kicks Off Risky Bank Prop Trading
- The much awaited Volcker Rule was finally sanctioned by five US regulatory authorities. The move comes on the back of the 2008 credit crisis which saw some of the largest financial institutions file bankruptcy.
Tuesday, 10/12/2013 | 23:19 GMT by
Adil Siddiqui
RBI Likely to Tarnish Booming Bitcoin in India
- India’s banking watchdog, the Reserve Bank of India, is expected to call the shots on Bitcoin’s after neighbour China pulled the plug on the digital currency. Market analysts believe the RBI won’t hold back and issue a notice, sooner rather than later.
Tuesday, 10/12/2013 | 21:11 GMT by
Adil Siddiqui
The Swiss Parliament to inspect Bitcoin as a legitimate currency
Tuesday, 10/12/2013 | 00:00 GMT by
FMAdmin Someone
eBay CEO to advise US President on international trade
Tuesday, 10/12/2013 | 00:00 GMT by
FMAdmin Someone
CFTC Orders Australian Schemers to Pay $192 Million in Fines and Restitution
- US financial regulator slams unregulated money manager for dealing in Forex fund management. CFTC awaded civil monetary penalties of more than $192 million against Defendants Senen Pousa and Investment Intelligence Corporation.
Monday, 09/12/2013 | 18:50 GMT by
Adil Siddiqui
CySec Administers €15,000 Penalty To Zoompartners For Unlicensed Binary Options
- Cypriot regulatory authority CySec has today announced that it has issued a €15,000 administrative penalty to binary options brand Zoompartners for allegedly operating without a license.
Monday, 09/12/2013 | 16:01 GMT by
Andrew Saks McLeod
NFA Issues Proposal On Further Account & Client Information To Be Submitted By FX Firms
- The NFA has released a proposal aimed at stepping up the amount of reporting that FCMs, FX companies and IBs must submit as part of the mandatory reports, including customer account data and risk management procedure.
Sunday, 08/12/2013 | 11:51 GMT by
Andrew Saks McLeod
The Rise of the Renminbi. Hong Kong & Malaysia Court Banks For Global RMB Business
- The Hong Kong Monetary Authority has announced the initiation of a dialog between itself and Malaysia's private sector in order to discuss methods of settling trades in RMB and involving overseas banks.
Sunday, 08/12/2013 | 09:57 GMT by
Andrew Saks McLeod
Understanding the Marketplace Fairness Act on US taxation
Sunday, 08/12/2013 | 00:00 GMT by
FMAdmin Someone
Industry Associations File Lawsuit Against the CFTC Challenging the Agency on Multiple Fronts
- The Commodity Futures Trading Commission has been challenged in a Washington D.C Court by a lawsuit filed by SIFMA, ISDA and IIB, as derivatives regulations come under question by industry.
Thursday, 05/12/2013 | 17:28 GMT by
Steven Hatzakis
Bona Fide or Bogus? New Zealand FX Broker Registration Minefield Explained
- New Zealand has become a very popular destination for FX brokers to establish operations with close proximity to important markets. Care is required, however, when selecting a consultancy to assist with establishment.
Thursday, 05/12/2013 | 15:31 GMT by
Andrew Saks McLeod
China’s Central Bank Bans Bitcoin For Financial Transactions, Price Drops
- The People’s Bank of China barred financial institutions in the country from taking any part in Bitcoin transactions, causing the BTC exchange rate to immediately plunge against the RMB Yuan and USD.
Thursday, 05/12/2013 | 10:29 GMT by
Avi Mizrahi
8 Dealers in Derivatives Rigging Scandal Fined a Total of €1.71 Billion by European Commission
- UBS, Citigroup, Barclays, Deutsche Bank, RBS, Société Générale, JPMorgan and RP Martin named in settlement with European Commission in rigging case about Yen and Euro Interest Rate Derivatives, enforced under anti-cartel rules.
Wednesday, 04/12/2013 | 13:56 GMT by
Steven Hatzakis
InvestTech FX Senior Executives Charged By Canadian Police Over Alleged Fraud
- The Toronto division of the Royal Canadian Mounted Police has today charged two directors of InvestTech FX Technology with fraud, as a result of a high value scheme which misappropriated client funds.
Wednesday, 04/12/2013 | 13:17 GMT by
Andrew Saks McLeod
Amazon.in partners with the Indian Postal Service for new shipping and payment options
Wednesday, 04/12/2013 | 00:00 GMT by
FMAdmin Someone
FCA Pressed to Disclose More about FX Rate Manipulation Investigation
- The association for the Investment Management industry in the U.K. is petitioning the regulator to release additional information on its investigation into major banks allegedly rigging FX benchmark rates.
Tuesday, 03/12/2013 | 16:18 GMT by
Avi Mizrahi
November Forex Industry Review: New Products Galore
- It was an active month for the forex industry during November. Led by many new product launches, financial releases, the Forex Magnates London Summit, diverse volumes, and bitcoin trading, the month had a bit of everything.
Monday, 02/12/2013 | 10:57 GMT by
Ron Finberg
New Zealand's Financial Markets Authority Appoints New CEO, to Assume Role in February
- The crown entity under the two peak regulatory structure alongside the Reserve Bank of New Zealand, has announced that Rob Everett will assume the role of CEO in February as the FMA prepares for upcoming changes.
Friday, 29/11/2013 | 11:56 GMT by
Steven Hatzakis
Sucden Financial Looks To The East: Gains Hong Kong SFC License
- Institutional FX company Sucden Financial's Hong Kong subsidiary has today been granted an FX license by the Hong Kong SFC, enabling it to trade directly with its brokerage desk or via electronic systems.
Friday, 29/11/2013 | 09:45 GMT by
Andrew Saks McLeod
Changes on the Horizon at Safecap (Markets.com)
- Earlier in the month, it was revealed that Safecap appointed a new CEO for its Cypriot operations. But that may not be the only change as the firm will be reportedly launching two new regulatory divisions.
Thursday, 28/11/2013 | 11:54 GMT by
Ron Finberg
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