Designed to improve competition and level the playing field for investors, the EU Markets in Financial Instruments Directive (MiFID) and the US Regulation National Market System (Reg NMS) are poised to drastically change the way the global securities industry handles
A significant percentage of financial services professionals currently do not read their institution's policy manuals and are not fully aware of corporate policies and procedures, according to a new survey of over 550 financial services professionals working in London and
The Securities and Exchange Commission have now given final regulatory approval related to the consolidation of the member firm regulatory functions of the National Association of Securities Dealers, Inc. and NYSE Regulation, Inc., a wholly owned subsidiary of New York
The Financial Services Authority (FSA) confirmed the introduction of a more outcome focused and flexible Training and Competence (T & C) regime including a new, shorter, simpler and more principles based T & C Sourcebook. "The new T & C
A survey by SunGard, provider of software and processing solutions for financial services, and TradeTech, a research firm, has suggested that many financial services firms are unhappy with the support they are receiving from their national regulators as they prepare
PRMIA today announced preliminary findings from a recent survey of its members regarding Basel II Implementation Risk. The survey of over 1,100 bankers, consultants and regulators from over 85 countries who are active in Basel II implementation, was concluded July
US bank regulators finally reached agreement on Friday on the implementation of the Basel II capital rules, which will bring the regime for large US banks more in line with that already adopted in Europe, The Financial Times reports. The
Oracle announces that the Principal Financial Group, provider of retirement savings, investment, banking and insurance products, is using Oracle Identity Management to integrate its auditing functions to more effectively manage operational risks. As part of an 18 month development and
TradingScreen, provider of multi broker, multi product EMS trading platforms, announced that it has developed a suite of new services to help its clients comply with the Best Execution obligations that will be imposed by the Markets in Financial Instruments
Financial Architects (FinArch), international provider of a Finance Resource Planning (FRP) platform for the finance industry, today announced that DnB NORD Group has selected Financial Studio as the core platform to satisfy its IFRS accounting and local regulatory reporting requirements