A proposed financial EU transaction tax would damage the region’s economies, says ICAP, one of the world’s largest inter-bank brokers.Read More
The world’s largest futures exchange, CME Group Inc., is pushing to expand its European business as it begins a new London-based market.
Andrew Bailey, Head of the UK Prudential Regulation Authority, told Parliament’s Treasury Select Committee that some banks need more capital.
U.S. Commodity Futures Trading Commission (CFTC) chairman Gary Gensler has stated that the Libor interest rate is not yet free of fraud.
New rules stemming from EMIR are forthcoming in Winter and Spring in the European Union. Below is a calendar outlining new regulation.
Regulators from the European Union and the U.K. urged the U.S. to delay new rules concerning swap contracts and to reconsider how the rules apply to foreign banks and transactions, a predicament called extraterritoriality.
The UK FSA is moving quickly to shore up confidence in the LIBOR benchmark rate.
Barclays’ chief executive, Robert E. Diamond Jr., announced his resignation today. Diamond’s departure comes after increasing criticism and mounting political pressure, nearly a week after Barclays paid out $450 million to settle accusations by various…
The U.K. Financial Services Authority (“FSA”) issued a release today publicly censuring London metals trader Jason Geddis. In November of 2008, while employed at Dresdner Kleinwort Limited, Geddis built up a very large position in…
The CFTC has secured a default judgement order against Otmane El Rhazi requiring him to pay $1.49 million in restitution and civil monetary penalties. El Rhazi, a former futures and option trader and Vice President…