14 U.S Banks Get Dodd-Frank Extension from Federal Reserve and FDIC The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday announced that they have extended the next resolution plan filing deadline for 14 domestic firms by one year to December 31, 2019, to allow additional time for the agencies to […]
Mintco Precious Metals Traders Fined and Banned by CFTC Court Order Federal Court sides with CFTC Enforcement Actions filed on September 2015 against Florida-based Mintco LLC and their owners Stuart Rubin and Richard Q. Zimmerman. Consent Orders by Federal Judge Beth F. Bloom fines Mintco $250,000 and Zimmerman $45,000, as well as a 3-year trading […]
The CFTC defines its authority over retail commodity transactions involving virtual currency and Bitcoin after it brought enforcement actions against Bitfinex for not meeting “actual delivery” exemption. On Friday 15th 2017 the CFTC released a Proposed Interpretation of its view of the term “actual delivery” exception that may apply to virtual currency transactions under the Commodity […]
Recently appointed CFTC Chairman Tim Massad announced last week that there were “a lot of things” he would like to do to continue the CFTC’s goal of regulating financial markets, but that he is held back by strict congressional budget constraints
Maxine Waters, ranking member of the House Financial Services Committee, urged the CFTC this week to begin investigating the offshore actions of Wall Street banks in avoiding certain mandates set forth in the Dodd-Frank Act.
The Commodity Futures Trading Commission issued a no-action letter on Friday, stating that the Commission will be extending its overseas trading rules deadline, giving overseas traders more time to comply with the CFTC’s rules.
Several commissioners have spoken out over the CFTC’s no action letters, finding that many of them were instituted without leaving them enough time to give their own input into the matter.
Outside of Massad, CFTC nominees Sharon Y. Bowen and J. Christopher Giancarlo, who are slated to take on roles as commissioners, will also be answering some questions for the Senate.
The agreement will relieve EU trading platforms from being affected by US derivative trading rules, at least for the time being.
FinanceFeeds - The consumer banking segment registered 25.9 million active mobile banking users, up 10% from the year-ago quarter. The post Bank of America posts solid Q3 2018 results, digital usage continues to grow appeared first on FinanceFeeds. […]
FinanceFeeds - The granted extension, however, is about a month shorter than requested by the people behind fraudulent virtual currency scheme My Big Coin Pay. The post Judge grants extra time to alleged crypto scammers to prepare defense in fraud case appeared first on FinanceFeeds. […]
FinanceFeeds - The app now offers shortcuts to derivative quotes and improved Credit Cards user interface. The post Swissquote releases new version of mobile trading app for iOS gadgets appeared first on FinanceFeeds. […]
FinanceFeeds - The solution, which aims to provide traders with a new investment style, will be showcased at CEATEC JAPAN 2018. The post Mitsubishi’s kabu.com to present new virtual reality platform VR-STATION appeared first on FinanceFeeds. […]
FinanceFeeds - Nadex has revoked the membership of Carlos Evertsz over his failure to inform the Exchange of prior regulatory action. The post Nadex takes disciplinary action against member over failure to inform of previous suspension, investigation appeared first on FinanceFeeds. […]
FinanceFeeds - Retail brokers and transparency, web designers among the yokels for FX brokers, don't just book it, Thomas Cook it, don't get ripped off by a brokerage service provider, and multi-asset MetaTrader is on its way The post “Mind The Gap!” – The life and times of a man on the move Episode 16 appeared first on FinanceFeeds. […]
FinanceFeeds - Effex, which seeks $10 million from NFA over alleged damage caused by the announcement about the disciplinary action against FXCM, gets more time to prepare its response. The post Effex Capital, embroiled in FXCM’s US exit, gets more time to respond to NFA arguments appeared first on FinanceFeeds. […]
FinanceFeeds - The proposed deal has received clearance under the Hart-Scott-Rodino Act from the United States Department of Justice - Antitrust Division. The post NEX’s acquisition by CME receives DOJ’s approval appeared first on FinanceFeeds. […]
FinanceFeeds - Under the new AML rules, virtual currency exchange providers will have to register with the Financial Supervisory Authority. The post Norway’s financial regulator provides details on registration procedure for virtual currency businesses appeared first on FinanceFeeds. […]
FinanceFeeds - Following the successful rollout of Northbound Investor ID Model in late September, the stabilisation period has ended after market close on October 12, 2018. The post HKEX announces end of stabilisation period for Northbound Investor ID Model appeared first on FinanceFeeds. […]
FIA today recognized and remembered the life of Futures Hall of Fame member John J. Conheeney who passed away this week. John was a 40-year veteran of the futures industry, serving as a longtime...FIA submitted comments on 5 October to the Bank of England, Prudential Regulation Authority and Financial Conduct Authority on their discussion paper about building the UK financial systems...Washington, DC – FIA President and CEO Walt Lukken today made the following statement on the Cross-Border White Paper released today by CFTC Chairman Giancarlo: “I applaud CFTC Chairman...To help U.S. futures commission merchants comply with new disclosure requirements related to the trading of bitcoin and other virtual currencies, the FIA Law and Compliance Division has issued an...Washington, D.C.—FIA today announced that 15 companies have been chosen to exhibit in the FIA Innovators Pavilion at the 34th Annual Futures & Options Expo , which will take place in Chicago...London, UK– FIA Tech today launched a new Transfer Protocol to help firms prepare for the transitioning of execution and clearing businesses triggered by the UK’s departure from the European Union...Washington, D.C.— FIA is pleased to announce that Amazon Web Services (AWS) has agreed to sponsor FIA’s fourth annual Innovators Pavilion , a showcase for fintech startups that are offering... (RSS generated with FetchRss) […]
Press Release - Basel III monitoring results published by the Basel Committee, 4 October 2018. […]
Press release about CPMI the release of the new Red Book payments statistics in a user-friendly format, 27 September 2018. […]
Press Release - the Basel Committee on Banking Supervision assesses Saudi Arabia's implementation of the NSFR regulation and the large exposures framework, 27 September 2018. […]
BIS Press Release - The September issue of the BIS Quarterly Review - Divergences widen in markets […]
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Press Release - the Basel Committee on Banking Supervision is finalising stress-testing principles, reviews ways to stop regulatory arbitrage behaviour, agrees on annual G-SIB list, discusses leverage ratio, crypto-assets, market risk framework and implementation, 20 September 2018. […]
Press Release - the Basel Committee on Banking Supervision is issuing frequently asked questions on the liquidity risk treatment of settled-to-market derivatives, 20 September 2018. […]
Financial fraud routinely follows on the heels of disaster. Hurricane Florence and its aftermath are no exception. We are issuing this Alert to warn investors that investment scams may come your way touting stocks and other investments with the promise of huge gains in the wake of Florence. […]
Press release about Markets Committee analysing changes in fast-paced electronic markets (17 September 2018) […]
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