The US CFTC has announced multiple whistleblower awards totalling more than USD45 million which it says demonstrates the growing success of its Whistleblower Program, and in particular the increasing volume and complexity of incoming whistleblower submissions. Just last month, the
The Cayman Islands Government is to adopt a Model 1 intergovernmental agreement (IGA) in response to the US Foreign Account Tax Compliance Act (FATCA). Minister for Financial Services, the Honourable Rolston Anglin, made the announcement from the floor of the
Algorithmics, a provider of risk solutions, says Basel III is lacking in its conceptual approach to capital and liquidity. The raft of proposals from the Basel Committee includes the tier 1 capital ratio, buffer building, and leverage and liquidity ratios,
The FSA has fined a former cash equities broker GBP252,239 and banned him from working in the financial services industry for “acting without integrity”. Fabio Massimo De Biase, a former employee of TFS Derivatives Ltd was found by the FSA
Deutsche Bank AG (DB AG) and Deutsche Bank Securities Inc (DBSI) (collectively, DB), are to pay a USD30 million civil monetary penalty to settle CFTC charges relating to manipulation, attempted manipulation and spoofing of the precious metals futures markets. A CFTC Order finds
Ogier partner Peter Cockhill examines the various amendments anticipated to Cayman’s Mutual Funds Law this year.
The Committee of European Securities Regulators has rejected the inclusion of hedge fund indices in UCITS in its final advice to the Eur
Jersey this week introduced its second generation PCC plus the new Incorporated Cell Company. Alan Stevens, partner with Carey Ols
Deutsche Börse Group has welcomed the intended regulation on over-the-counter derivatives, central counterparties and trade repositories as presented on Wednesday by the European Commission. It says the regulation demonstrates that the European Union is making significant progress toward fulfilling G20
Bolsas y Mercados Espanoles, the Spanish stock exchange operator, and Clearstream, the post trade arm of Deutsche Börse Group, have welcomed the details on trade repositories for over-the-counter derivatives published by the European Commission. BME and Clearstream say there is
