Search Results for: regulators
Chinese Companies, Investors Move Money Back Home
January 15th, 2015
Shares of Chinese companies are soaring at home but stumbling overseas, and one reason is fast-trading Chinese investors. That is leading some companies and investors to shift money back home after riding a rally in Chinese stocks in the ...
JP Morgan Chase profits hit by legal costs
January 15th, 2015
JP Morgan Chase, the US’s largest bank, has reported a 6.6% fall in quarterly profits after being hit by legal costs. The bank paid almost $1bn (£659m) in costs due to a range of investigations into alleged wrongdoing, and ...
SEC eyes transfer agents in new front against U.S. stock fraudsters
January 12th, 2015
In their battle to root out microcap stock fraudsters, U.S. securities regulators are turning their attention to the obscure world of transfer agents, who are sometimes in a position to prevent scams, or help to enable them. Transfer agents ...
Moody’s appeals Hong Kong regulator’s penalty for report on mainland firms
January 9th, 2015
Moody’s Investors Service began an appeal Thursday against a decision by the Hong Kong Securities and Futures Commission to fine the company HK$23 million (roughly US$3 million) for breaching unspecified regulations in a July 2011 report that raised corporate ...
Finra to Probe Broker Conflicts When Exchanges Offer Rebates
January 8th, 2015
Some brokers might not be getting the best prices for clients when they send stock orders to exchanges that offer rebates, regulators said in an outline of annual oversight priorities. Recent brokerage inspections found that some firms don’t have ...
Singapore’s Stock Exchange Looks to Make Trading More Attractive for Individuals
December 31st, 2014
Singapore Exchange Ltd. (SGX) is looking to individual investors to boost Southeast Asia’s biggest stock market after trading volume this year tumbled the most since the 2008 global financial crisis. The bourse will cut the standard lot size for ...
Entry Point of JPMorgan Data Breach Is Identified
December 23rd, 2014
The computer breach at JPMorgan Chase this summer — the largest intrusion of an American bank to date — might have been thwarted if the bank had installed a simple security fix to an overlooked server in its vast ...
Audit and assurance for SMEs
December 22nd, 2014
While regulators are lifting the audit thresholds around the world, SMEs still see the access to funding as a challenge. This raises the issue of the value of assurance services for SMEs and the role of accountants in offering, ...
ESMA provides implementing rules for MiFID II
December 22nd, 2014
The European Securities and Markets Authority (ESMA) has published on December 19 its final technical advice (TA) and launches a consultation on its draft regulatory technical and implementing standards (RTS/ ITS) regarding the implementation of the Markets in Financial ...
ICAEW draws up plans for assurance on banks’ capital
December 16th, 2014
ICAEW is developing a framework for assurance on bank capital measures in response to increased concern over banks’ capital positions, the institute announced today. The framework is intended to provide a basis for independently examining risk-weighted assets (RWAs), one ...
