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FCA concerned about conflicts of interest at firms managing private assets
Dear CEO letter to asset managers also highlights market integrity and consumer outcomes as key supervisory priorities.
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EBA narrows existing ICT guidelines
DORA ICT risk management requirements apply to financial entities in their place.
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India’s online brokers brace for profits hit after regulatory clampdown
Intervention to calm frenzied derivatives trading has brought down volumes by 70%.
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USAA dinged for failing to fix AML, IT, third-party oversight shortcomings
According to the OCC, this order includes parts of prior orders issued in 2019 and 2022 with which USAA was not yet in compliance.
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Macquarie Bank fined for inadequate risk management practices
A trader was able to circumvent the bank’s controls in order to hide his losses for almost two years.
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Data quality issues persist at firms according to the FCA
The regulator praises firms for improving the quality of transaction reporting, but points to continuing or recurring reporting issues.
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SEC acts to improve clearing agencies’ risk management
Amendments relate to intraday margin collection and use of substantive inputs; new rule establishes elements of a clearing firm’s recovery plan.
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UK regulator fines Starling Bank £29m for ‘shockingly lax’ screening controls
Mark Taylor of Ibex Compliance identifies the key learning points from the FCA’s action against Starling Bank.