Fund managers responded positive to Donald Trump’s nomination of Jerome Powell as chair of the Federal Reserve. Trump announced the nomination of Powell, who has been a serving Fed governor since 2012, on Thursday. Subject to Senate approval, Powell could take on the role as new chair of the Fed per 3 February 2018. According […]
Mary Jo White has announced her departure as chair of US regulator Securities and Echange Commission (SEC) as of January 2017, with the responsibility to appoint her successor falling on newly elect US president Donald Trump. While White (pictured in the middle) stressed that she had planned her departure prior to Trump’s election, the personnel […]
The Securities and Exchange Commission (SEC) today announced that John J. Cross III, director of the Office of Municipal Securities, will leave the agency in November to rejoin the agencies Tax Policy Office. Cross has been the first director of the office of Municipal Securities which was established under the 2010 Dodd-Frank Act to oversee […]
Regulatory changes brought about by Dodd-Frank, EMIR and MiFID II are set to change the role of Futures Commission Merchants, which must respond with new business models and ways of using technology, says Fidessa in its latest White Paper.
John Mayr, Marketing and Partner Development at Danish software and financial expertise provider SimCorp analyses the impact of technology in the financial industry.
Fidessa’s latest discussion paper – Harmony or Discord? – considers how the actions of regulators in the EU and US are affecting trade and investment activities in Asia.
Having met deadlines for reporting trades to a data repository under the US Dodd-Frank Act, banks are turning their attention to reporting in the European Union (EU) under the European Market Infrastructure Regulation (Emir) – but they are finding the new regulation throws up more issues than expected.
The US Commodity Futures Trading Commission (CFTC) will unveil its new rule on speculative position limits in the next six weeks, after its previous effort was rejected in an embarrassing court ruling, says commissioner Scott O’Malia.
Charles Plosser, the Federal Reserve Bank of Philadelphia president, last week criticised US efforts to end the too-big-to-fail problem and advocated a more rules-based approach to bank resolution.
Buy-side firms have reacted angrily to temporary portfolio margining provisions rushed out by the Securities and Exchange Commission (SEC) late on Friday as the clock counted down towards the start of mandatory clearing in the US.
Simon Garwood, Investment Services at Fiserv and Andy Mellor, Risk and Compliance, say that those considering a response to OTC regulations must also address operational risk issues.
The Dodd-Frank and US Federal Reserve proposal to regulate foreign banking organisations and ring-fence liquidity could hamper the efficient allocation of capital, according to a senior chief risk officer in Japan.