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Category: Regulations


Regulations

FCA and CFTC sign fintech pact

February 19, 2018

Via: Finextra

The Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) have today signed an arrangement that commits the regulators to collaborating and supporting innovative firms through each other’s financial technology (FinTech) initiatives – LabCFTC and FCA Innovate. […]


Regulations

SEC suspends trading in three companies climing crypto connection

February 16, 2018

Via: Finextra

The Securities and Exchange Commission today suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by Cherubim […]


Activity, Regulations, Trading

Instant trade reconstruction is a challenge!

February 16, 2018

Via: Finextra

In regulated environments it’s imperative to invest now to future proof your business – the requirement for transaction reconstruction is not trivial and we suggest a systematic & proactive approach is superior to an ‘as and when’ attitude. Currently, trade […]


Regulations

U.S. Bancorp Announces Resolution Finalizing Legacy BSA / AML Matters

February 15, 2018

Via: Yahoo

U.S. Bancorp (USB), parent company of U.S. Bank, announced today that it has resolved previously disclosed matters related to its Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance programs with the U.S. Attorney’s Office for the Southern District of […]


Activity, Regulations, Trading

SEC and CFTC Have Optimistic Outlook on Cryptocurrency and ICOs [VIDEO]

February 7, 2018

Via: Bank Innovation

EXCLUSIVE -The chairs of Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), John Clayton and J. Christopher Giancarlo respectively testified before the Senate Banking Committee yesterday on their regulatory ideas and concerns on cryptocurrency. Surprisingly, the sentiment […]


Capital and risk, Macroeconomic, Regulations

Moody’s sees government shutdown as a threat to the US economy, but not its credit rating

January 22, 2018

Via: CNBC

The U.S. government shutdown that began on Saturday is disruptive to the economy, but poses no immediate threat to its top-notch Aaa rating as long as it makes its debt payments on time, Moody’s Investors Service said on Monday. The […]


Capital and risk, Credit, Regulations

Wells Fargo Sued by Navajo Nation for Alleged Predatory Tactics

December 14, 2017

Via: Insurance Journal

The Navajo Nation announced that it’s suing Wells Fargo for allegedly engaging in predatory and unlawful banking practices that targeted and harmed tribal members. In a statement, Navajo Nation President Russell Begaye said the tribe’s lawyer has been directed to […]


Regulations

Decade in the making: post-crisis banking rules finally signed

December 8, 2017

Via: CNBC

Financial regulators reached a long-sought deal on Thursday to harmonize global banking rules, capping a decade of effort to make banks more resilient even if they fell short of their own initial hopes. Facing fierce opposition from the banking industry […]


Capital and risk, Credit, Regulations

Bipartisan Bill Would Give Small Businesses a Tax Credit for Employee Training

October 24, 2017

Via: Insurance Journal

A bipartisan group of congressmen has filed legislation to encourage employers to invest more in training and educating their employees. The legislation would create a tax credit for 25 percent of the first $5,000, or up o $1,250, that an […]


Regulations

Wells Fargo’s CEO knows why customers are staying away even if Wall Street needs a reminder

October 16, 2017

Via: Market Watch

There were questions about loan growth, credit quality, and home equity lines of credit. There were several about closing branches as customers embrace mobile banking, and one on interest rates – all very standard questions for analysts to ask on […]