Merrill Lynch fined $300,000 for failing to promptly produce audit trail data
The U.S. Commodity Futures Trading Commission has issued a $300,000 fine against Merrill Lynch, a registered futures commission merchant, for failing to promptly produce records and ensure staff comply with regulations.
European Banking Authority to offer clarity on treatment of legacy instruments
The European Banking Authority (EBA) will offer clarity on the appropriate treatment of legacy instruments at the end of 2021, after the benefits of the grandfathering period will end.
Over half of Canadians believe it’s more important to protect digital ID than money
Eight in ten Canadians (83%) believe their identity is one of their most valuable assets, with 52% believing its is more important to protect online identity than their money.
Brexit delays UK’s Financial Conduct Authority’s fact-finding mission about the wholesale market
The UK’s ongoing divorce negotiations with the EU have caused the Financial Conduct Authority (FCA) to postpone work about the risks of using data in the wholesale market.
Delta Capita teams with DTCC to boost SFTR compliance support
Delta Capita is collaborating with the Depository Trust & Clearing Corporation (DTCC) to help companies meet trade reporting obligations of Securities Financing Transactions Regulation (SFTR).
Elliptic collects $23m in Series B led by SBI Group to support Asian expansion
Elliptic, a crypto-asset risk management platform, has collected $23m in its Series B round led by SBI Group.
Neobank Xinja Bank gets full Australian banking licence from APRA
Digital challenger bank Xinja Bank is set to roll out banking accounts for its customers after being granted a full banking licence from the Australian Prudential Regulation Authority (APRA)
Over 100 London-based finance companies have received licenses to operate across the EU after...
ESMA has revealed that a massive number of London-based financial services organizations have obtained licences to operate in other European hubs in preparation of Brexit.
How pay-access apps can ensure compliance as US regulators crack down on the sector
Regulators across several US states are scrutinizing apps that enable employees to access salaries before their pay days.
ESMA releases framework for stress test simulations for investment funds
The European Securities and Markets Authority (ESMA) has released a framework to be used for stress simulations for the investment fund sector.
