Search Results for: regulators
U.S. regulators step up warnings to banks for poor risk-spotting
August 21st, 2014
U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms’ poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, according to two sources familiar with ...
U.S Regulators may change rules for upstart trading
July 30th, 2014
U.S regulators may relax rules that require the fastest possible execution of securities trades, potentially helping upstart trading venue IEX Group’s plans to become a full-fledged stock exchange. IEX, described in author Michael Lewis’ book “Flash Boys: A Wall ...
UBS, Deutsche Bank questioned by U.S. regulators on trading operations
July 29th, 2014
Germany’s Deutsche Bank (DBKGn.DE) and Switzerland’s UBS (UBSN.VX) were investigated by U.S. regulators, who are searching to find whether broker-run stock exchanges gave an unfair advantage to high-frequency traders. The investment banks, which said on Tuesday that they were ...
Regulators to deal with Japanese hedge fund in insider trade case
July 29th, 2014
A small Japanese hedge fund has made a rare challenge against financial regulators over a 2010 insider trading case, disputing a finding that one of its fund managers acted on an insider tip of a share offering by energy ...
EU regulators to decide on Oracle, Micros deal by Aug. 29
July 25th, 2014
European Union antitrust regulators will decide by Aug. 29 whether to clear world No. 2 software maker Oracle Corp’s (ORCL.N) $5.3 billion bid for Micros Systems (MCRS.O), the European Commission said on Friday. The deal, Oracle’s biggest in five ...
Federal Banking Regulators Finalize Joint Supplemental Guidance on Income Tax Allocation Agreements
June 16th, 2014
U.S. Federal banking regulators issued final supplemental guidance on income tax allocation agreements involving holding companies and insured depository institutions. An aim of the guidance is to reduce confusion regarding ownership of tax refunds. The guidance supplements an interagency ...
Levine on Wall Street: Wise Rabbits and Philosophical Regulators
May 28th, 2014
Paul McCulley is back. Pimco’s new chief economist is Paul McCulley, back for his third stint at the firm that he previously left in 1992, returned to in 1999, and left again in 2010. So he knows what the ...
Snapchat settles with US regulators for deceiving users
May 9th, 2014
Ephemeral messaging service Snapchat has settled with US regulators over charges it deceived users when it promised their messages would disappear. The Federal Trade Commission (FTC) said Snapchat misled users over data collection and failed to inform them that ...
Regulators Fear Big Data Threatens Audit Quality
April 16th, 2014
Does audit firms’ emphasis on data analytics mean that audits themselves are suffering? Regulators around the world are worried that a rise in audit firms’ consulting business and a corresponding slowdown in the growth of revenues from traditional audits ...
Regulators suggest firms take deep dive into audit quality
April 11th, 2014
While acknowledging that auditors are under unprecedented scrutiny, an international association of audit regulators is asking audit firms to analyze causes of problems in audits globally in hopes of finding remedies. Lewis Ferguson, chair of the International Forum of ...
