FSA
People Moves: HKEx, FCA, Clear Street, and more
A look at some of the key "people moves" from this week, including Prerak Sanghvi (pictured), who joins Clear Street as vice president of engineering.
James Rundle: That Golden Touch
The data jungle of modern trading may be confusing, says James, but the UK’s Financial Services Authority is certainly going out with a bang after slamming a complex market manipulation scheme, mirroring wider efforts among national cops to become tech…
March 2013: It Takes a Thief to Catch a Thief
Recent moves by regulators to detect market abuse—including the SEC enlisting an HFT prop trading firm to build a monitoring system—are commendable. Victor argues they should go further and bring in people who have run afoul of regulations at some point…
RBS Fined $612 Million for Libor Manipulation
The Royal Bank of Scotland (RBS) has been fined $612 by US and UK regulators over its role in the manipulation of the London Interbank Offered Rate (Libor), becoming the latest bank to be indicted in the ongoing scandal.
UBS Stung with Record Fine for Libor Manipulation
Swiss bank UBS has been fined £160 million, approximately $311 million, by the UK Financial Services Authority (FSA) for misconduct relating to the improper fixing of the London and European Interbank Offered Rates (Libor, Euribor).
SunGard Supports NLX Through Stream Derivatives Suite
SunGard will support trading on the new London interest-rate derivatives venue, Nasdaq OMX NLX, through its Stream Derivatives suite.
FSA Approves HKEx Purchase of LME
The UK Financial Services Authority (FSA) has given the green light for Hong Kong Exchanges and Clearing (HKEx) to acquire the London Metal Exchange (LME).
FSA: Next Year "Ambitious" for Real-Time Regulatory Reporting
During a panel at the European Trading Architecture Summit (ETAS) in London, delegates from the UK Financial Services Authority said it was unlikely that real-time reporting would be mandated next year.
FSA's Sampson: Data Accuracy Trumps Speed
Gerald Sampson, head of the operational risk review team at the UK's Financial Services Authority (FSA), says banks should be more concerned about accuracy of data than risk aggregation speed.
FSA Takes Nasdaq OMX Platform for Market Surveillance
The Financial Services Authority (FSA) has announced that it will use Nasdaq OMX's Smarts Integrity market surveillance platform to monitor for market abuse.
FSA, CFTC Fine Barclays Almost $300M for LIBOR, EURIBOR Manipulation
Authorities impose fines for bank's attempts to abuse benchmark price-setting process
In Britain, a Derivatives Code Rises
Dawn of the UK Derivatives Code
Anthony Malakian: The Regulatory Air Over There
After hearing first-hand about the European regulatory environment on a recent trip to the other side of the pond, Anthony was left chanting, "USA! USA! USA!"
Spreadsheets: How to Excel
Reducing the industry’s reliance on spreadsheets is a common aim, but such an undertaking is fraught with obstacles. In the meantime, Faye Kilburn asks what firms should be doing to reduce “spreadsheet risk”
No Single View of Single Client Views
As part of the ongoing reform of compensation schemes, stipulated by political leaders of the G20 nations, deposit-takers will soon be required to demonstrate their ability to generate a single client view file at short notice of a request being received…