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Speech by Verena Ross on the EU transitioning to a faster securities settlement cycle.
Also discussed in this informative and collegial session was communication surveillance and the focus of recent supervisory visits.
The transition to faster securities settlement in the US will have a significant impact on UK and EU firms with holdings in North and Central America.
Sharp differences emerged during discussion on neutralizing conflicts of interest created by algorithms.
New rules require firms that routinely deal in US government bonds to register as broker-dealers and face stricter oversight.
Broker-dealer’s policies and procedures for monitoring representative’s comms were unclear and inadequate.
Robinhood will overhaul its practices to resolve allegations that it encouraged inexperienced investors to place risky trades.
Move seeks to further restrict a broker’s ability to borrow from or lend money to clients under FINRA rules.