New York Attorney General Eric T Schneiderman has announced a USD220 million, 45-state settlement with Deutsche Bank for fraudulent conduct involving the manipulation of US Dollar (USD) LIBOR (the London Interbank Offered Rate) and other benchmark interest rates. Benchmark interest rates
Forty-five per cent of European fixed income heads are still struggling with MiFID II compliance, despite the 3 January implementation deadline looming large, according to a new report: “On the precipice: Are you ready for MiFID II?”, by the Fixed
GAM is to use Red Deer’s MiFID II research valuation solution to consume and value research so that it can be paid for independently from trade execution, in compliance with the MiFID II regulations that come into effect on 3
Cayman’s new hybrid Foundation Company is likely to appeal as a holding vehicle, SPV and succession planning option, according to Ogier trusts partner Anthony Partridge. Partridge (pictured), says that the new structure – introduced by the enactment of The Cayman
The US CFTC has issued an Order filing and simultaneously settling charges against Citibank NA (CBNA) and Citigroup Global Markets Limited (CGML), (collectively, Citi), for swap data reporting violations regarding Legal Entity Identifier (LEI) information. Citi is to pay a
The US Securities and Exchange Commission (SEC) will meet at 9am on 2 September, 2020 to vote on proposed changes to the SEC’s highly successful Dodd-Frank Act whistleblower reward programme. If approved as originally written, the proposed changes will undermine vital
Research from TeleWare reveals that just 42 per cent of senior decision makers are confident in their firm’s knowledge of MiFID II requirements. Although only 99 days away, worryingly more than half (54 per cent) believe more education is needed
The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, says it applauds the US Securities and Exchange Commission’s (SEC) amendments to the “accredited investor” definition. These changes are in line with the HFA’s prior recommendations to include
New research from NPL, the UK’s National Measurement Institute, has shown a lack of awareness in the UK financial services sector around the new European Markets in Financial Instruments Directive (MiFID II) ahead of its imminent deadline, and many firms
Third Financial Software (TFS) has completed the next major release of its Tercero software, which focuses on compliance under the forthcoming MiFID II regime. TFS is in the process of upgrading all customers to be in line with the regulatory
