Category: Regulation
JPMorgan agreed to pay $920M to Settle London Whale Probes
By Bloomberg.com JP Morgan agreed to pay $920 million in penalties and admitted violating securities laws last year as top managers withheld information from the board. Senior executives had evidence by late April 2012 that traders in the chief investment office in London were pricing a derivatives portfolio in a way that reduced reported losses, […]
More difficulties for asset managers and pension funds to access OTC derivatives market
Impact of Dodd-Frank on asset management and pension funds in the US With the new section of Dodd-Frank regulations which came into life on 9th of September, asset managers and pension funds in the US will face more difficulties in accessing the OTC derivatives market as they have to clear the trades through central counterparties. […]
Derivatives move into the shadows According to FT shadow financial institutions are taking advantage of a wave of new derivatives regulation imposed on the banks. This has resulted in a substantial portion of the derivative market moving away from the mainstream banks and towards the shadow financial institutions. Hedge funds and smaller banks are now trading more […]
Strengthening AML regulations across the world
Money Laundering laws strengthened in Bahrain Money Laundering regulations in Bahrain have been strengthened following the signing of a Royal Decree by Sheikh Hamad bin Isa Al Khalifa. In an amendment to the Money Laundering and Counter Terrorism regulations, security services have been given extended powers to co-ordinate with other countries in cracking down on […]
Proposals for regulations in shadow banking and new standards for multi-listed securities
FSB proposals on shadow banking The Financial Stability Board (FSB) has published proposals to strengthen the oversight and regulation of shadow banking. The proposals follow on from the 2011 G20 summit in Cannes at which the G20 leaders agreed to take steps to mitigate the risks posed by “that part of the financial system that […]