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FCA opens consultation on bespoke market risk rules for non-bank firms
The regulator has proposed seven possible approaches for reforming current rules.
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Hedge fund ordered to pay bonus to trader who made 97% of its revenues
Evolution Capital Management must pay Robert Gagliardi $5.4mn plus interest after High Court judgment.
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Saxo Bank fined DKr 2m for inadequate transaction reports
The bank made over 80 million incomplete or inaccurate reports to the Danish Financial Supervisory Authority.
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FCA makes proposals on consolidated tape for UK equity markets
FCA says having multiple trading venues has benefits, but market participants need a single, centralized source of data for better overall market assessment.
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Challenge in UK wholesale markets – assessing the next decade of risk
A dive into the FMSB’s findings on wholesale markets: changes to market participation, trade execution electronification, new asset classes, and shifting geography markets.
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China’s securities regulator increases rewards for reporting violations
The cash reward for whistleblowers will depend on how serious the violation is. At the same time, self-reporting is being encouraged by imposing lighter penalties.
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BaFin calls contingency planning and stress testing critical
The regulator’s supervisory statement seeks to clarify its expectations of brokers in connection with client securities trading during times of market turbulence.
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ANZ fined A$240m after admitting to engaging in unconscionable conduct
This is the biggest combined penalty on one entity issued by the ASIC, and reflects “the seriousness and number of breaches of law.”