Proposed revisions to the ‘fair value’ accounting standard (FAS 157) would weaken the standard and create inconsistencies in valuations, according to Espen Robak, president of Pluris Va
The SEC has charged two Wall Street traders involved in a fraudulent “parking” scheme whereby one temporarily placed securities in the other’s trading book to avoid penalties that would affect his year-end bonus. The SEC’s enforcement division alleges that Thomas
For most of the past decade, the Cayman Islands have been the world’s dominant offshore alternative fund domicile.
Corlytics, a specialist in calculating and analysing regulation as a risk, has added a new free Regulatory Event Data (RED) app, which filters global, real-time, regulatory data to its RiskFusion software offering. Corlytics says this is the first-time global regulatory
The Hedge Funds Standards Board is aiming to pass the milestone of 100 members by the end of this year after the addition of 13 more managers brought the total to 45 at the end of last
The Securities and Exchange Commission voted by a 4 to 1 majority on Friday to propose new rules to strengthen its oversight of investment advisers and fill key gaps in the regulatory landscape, notably by bringing managers of hedge funds
The Securities and Exchange Commission (SEC) has filed a civil injunctive action against Revelation Capital Management and its principal, Christopher PC Kuchanny, alleging illegal short selling. Kuchanny, who resides in Hamilton Parish, Bermuda, is the chairman, chief executive officer, chief
KNEIP, a Luxembourg-based fund industry specialist, is launching a new digital service platform to the London market, allowing more transparency as well as greater efficiency in the funds industry. The new single layered platform manages the entire fund lifecycle from
Calypso Technology has released an interface to the DTCC’s global trade repository service (GTR) for EMIR (European Markets Infrastructure Regulation) reporting. DTCC’s GTR, which is one of the six TRs approved by the European Securities Markets Association, offers regulators transparency
Plenitude, a niche consultancy, specialising in financial crime risk and compliance has appointed Steve Vinnicombe, former UK CEO of Capco UK, as a Non-Executive Director. The announcement follows a sustained period of growth for Plenitude, charged by a number of
