Seward & Kissel has launched Seward & Kissel Regulatory Compliance, a new suite of services that provides comprehensive and cost-efficient assistance to asset managers in the onerous task of complying with regulatory obligations. Seward & Kissel Regulatory Compliance, or SKRC,
BNP Paribas has agreed a settlement with the Board of Governors of the Federal Reserve System (FRB) relating to past misconduct in its foreign exchange business. Under this settlement with the FRB, BNP Paribas will pay a fine of USD246
By Nick Bayley (pictured), Duff & Phelps – Unsurprisingly, even a MiFID II geek like me prefers to spend time enjoying the Lions tour and Wimbledon than with the FCA’s second MiFID II Policy Statement which runs to over a
By George Ralph (pictured), RFA Financial Cloud and Technology Services – It’s a widely held misconception that heavily regulated industries are the least agile, and the slowest to innovate. In the financial services sector particularly, there is a tendency to
By George Ralph (pictured), RFA – 2017 is as good a time as any to be starting a new alternative investment firm, certainly better than it would have been a decade ago, but there are some key areas of focus
The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Daniel Winston LaMarco and his company, GDLogix Inc, charging them with off-exchange foreign currency derivatives (forex) fraud, commodity pool fraud, and failure to register with the
Regulatory and fee pressures are forcing the hedge fund industry to evolve, but a lively panel debate at the annual Linedata Exchange Europe client conference in London affirmed that with the right investment approach, infrastructure and distribution strategy, hedge funds
By George Ralph (pictured), RFA Financial Cloud and Technology Services – The global financial crisis and subsequent recession happened almost a decade ago, but their legacy goes on and on, with more stringent regulations and bigger fines every year. The
The US Commodity Futures Trading Commission (CFTC) has issued an Order of Registration to LedgerX (LedgerX), granting it registration status with the CFTC as a Swap Execution Facility (SEF). LedgerX is a limited liability company registered in Delaware with its
The final regulations of MiFID II announced today are likely to lose brokers business, analysts their jobs and also hit fund managers’ profits says Cleveland & Co Associates, the boutique legal advisory business. Among the new regulations of MiFID II,
