regulation
Open-Source Risk Management Platform Provider OpenGamma Releases Upgrade In Light of Dodd-Frank Regulations
- In keeping with the current upgrades of risk management solutions to meet the ever-evolving regulatory structures around the world, and in particular the Dodd-Frank Act, OpenGamma today releases v2.0.
Tuesday, 16/07/2013 | 15:16 GMT by
Andrew Saks McLeod
Keep Calm And Carry On Looking After Client Funds: Britain's FCA Draws Up Consultation Paper To Further Refine CASS Rulings
- As the regulatory environment tightens up and continually works toward protection of client funds whilst in the hands of OTC derivatives firms, Britain's Financial Conduct Authority issues proposed refinements.
Tuesday, 16/07/2013 | 10:05 GMT by
Andrew Saks McLeod
SEC Gets Its Act Together - Publishes Final Ruling On Retail FX
- Just one day after SEC Commissioner Luis Aguilar expressed his dismay at the length of time taken to produce final rulings on retail FX, the regulator today produced its full and concise ruling in final form.
Friday, 12/07/2013 | 16:51 GMT by
Andrew Saks McLeod
Get A Move On! Senior SEC Official Expresses Frustration At Dodd-Frank Delays In Retail Sector
- Whilst the CFTC has spent the first half of this year reasonably satisfied with its progress on working toward completion of rulings on the Dodd-Frank Act, one senior SEC official expresses dismay at what he sees as unnecessary delays.
Friday, 12/07/2013 | 08:19 GMT by
Andrew Saks McLeod
Signed And Sealed! Cross-Border Derivatives Methodology Agreed On Both Sides Of The Atlantic
- The Commodity Futures Trading Commission today announced that it has reached a common path forward with European Union officials on how to approach cross-border derivatives.
Thursday, 11/07/2013 | 13:08 GMT by
Andrew Saks McLeod
CFTC Posts May FCM Financials – Advanced Markets Out, Whotrades FX is In
- The CFTC has posted financials for FCMs as of the end of May. Total Retail Forex Funds were $644,593,164, a drop of $3,166,759 (-0.49%) from the end of April. The decline was mainly the result of a near $9 million drop at Oanda,
Thursday, 11/07/2013 | 10:00 GMT by
Ron Finberg
As New Rules Go Into Effect, Advanced Markets Swaps NFA For ASIC Regulation
- Deciding it’s not worth the $20,000,000 minimums; Advanced Markets has also officially withdrawn all of its licenses with the NFA. As of June 28th, the broker withdrew both its FCM license and NFA membership.
Thursday, 11/07/2013 | 09:16 GMT by
Ron Finberg
New Zealand FMA CEO Sean Hughes Announces Resignation, Will Clear His Desk At End Of 2013
- The New Zealand Financial Markets Authority today announced the intention of its CEO to stand down at the end of this year, after a three year tenure during the inaugural stages of the national regulator.
Thursday, 11/07/2013 | 09:13 GMT by
Andrew Saks McLeod
If You Build it they Will Come – CySec Releases H1 2013 License List
- Cypriot financial regulator, CySec, has released its list of firms that were granted licenses during the first half of 2013. Bucking worries of the country’s financial difficulties, Cyprus continues to see strong demand for licenses.
Wednesday, 10/07/2013 | 16:03 GMT by
Ron Finberg
The End Of An Era - Britain's FSA Releases Its Final Annual Report After 28 Years Overseeing The Nation's Financial Markets
- The last annual report from British financial markets regulator the Financial Services Authority was published today, charting regulatory efforts and directives performed during its final year in existence.
Wednesday, 10/07/2013 | 12:02 GMT by
Andrew Saks McLeod
FX Industry Welcomes New Global Dispute Resolution Committee: Financial Commission
Tuesday, 09/07/2013 | 12:04 GMT by
FMAdmin Someone
You’re Nicked Mate! Australian Regulator Shuts Down Apex Derivatives And Liquidates Its Assets
- Sydney-based OTC derivatives and FX firm Apex Derivatives has today been wound up by Australian regulator ASIC for falsely purporting to be ASIC regulated, and for continuing business whilst insolvent.
Tuesday, 09/07/2013 | 07:21 GMT by
Andrew Saks McLeod
NFA Responds To Two Complaints And Hits Interactive Brokers With $300,000 Penalty
- Following two complaints that Interactive Brokers was allegedly not exercising correct procedures relating to client funds, and using unregistered introducing brokers, the NFA yesterday issued the firm with a $300,000 fine.
Tuesday, 09/07/2013 | 06:52 GMT by
Andrew Saks McLeod
Binary Options Update – Firms Look East As Japan-Readiness Tops The Priorities
- Japan is a very important market for binary options platform providers, and in the run up to the Forex Magnates Tokyo Summit, the industry's technology providers ready themselves for commencing business under the new rules.
Monday, 08/07/2013 | 14:31 GMT by
Andrew Saks McLeod
Hong Kong Monetary Authority Releases Foreign Currency Reserves for June 2013
- Each month, Hong Kong's financial markets regulator lists the amount of FX reserve assets held within the nation's financial system. Nation has held over US$300 billion consistently over last 6 months.
Sunday, 07/07/2013 | 09:15 GMT by
Andrew Saks McLeod
A tricky balance for anti-money laundering regulations
Sunday, 07/07/2013 | 00:00 GMT by
FMAdmin Someone
Banc De Binary Speaks Out Amid US Lawsuit - No More American Clients, But Will Regulators Continue With Proceedings?
- Further to last month's proceedings issued against Banc De Binary for allegedly engaging in the illegal activity of soliciting US clients, the firm today issued a statement that it is not accepting US clients. Outcome of lawsuit still hangs in the balance.
Saturday, 06/07/2013 | 14:01 GMT by
Andrew Saks McLeod
June Forex Industry Review: Letters Reign - MQ, BdB, FCA, CFTC & M&A
- As we enter July, we have officially hit the summer months and their accompanying slow period. June was a quasi-period with the month being active at the start but news flow began to decrease as time went on.
Wednesday, 03/07/2013 | 13:42 GMT by
Ron Finberg
Ambiguity Reigns Supreme: CFTC Removes FX Asset Class From ICE Trade Vault Before Final Reporting Rulings Set
- Ahead of final rulings on trade reporting, US regulatory authority CFTC has approved an order to remove the foreign exchange asset class from the ICE Trade Vault after having granted registration last year.
Wednesday, 03/07/2013 | 08:06 GMT by
Andrew Saks McLeod
NFA Files Another Complaint Against Alpari – US Business May No Longer Make Economic Sense
- Alpari US has once again found itself the target of the regulators due to compliance violations as it has received a complaint from the NFA. In its complaint, the NFA is charging that Alpari violated existing NFA rules.
Tuesday, 02/07/2013 | 11:32 GMT by
Ron Finberg
Madison Dean Inc. Served Second Order in Two Years By CFTC For FX Fraud
- New York FX CEO Laurence Dodge has been served an order to pay restitution of almost $250,000 to customers and a further civil monetary penalty for fraudulently soliciting clients to invest in managed FX accounts.
Monday, 01/07/2013 | 16:51 GMT by
Andrew Saks McLeod
New Zealand’s Financial Markets Authority Releases Annual Investigations And Enforcements Report
- As part of a program of strengthening New Zealand's regulatory structure, the FMA, the country's national regulator, has released its annual report on investigations which it carried out within a 12 month period.
Monday, 01/07/2013 | 13:22 GMT by
Andrew Saks McLeod
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