Compliance

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Melanie Rodier
Melanie Rodier
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Wall Street Ethics, Derivatives Rules Loopholes, The Weirdness of PFGBest and More

Wall Street’s take on ethics and the downfall of PFGBest dominated financial news this week, while the CFTC finally approved rules for derivatives trading and HSBC admitted that for years it had done next to nothing to prevent money laundering.
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4. Boom!

There's no question this is an incredibly foundational rule for the industry. The clock has started ticking, and it's a clock with a very short fuse.

—Gabriel D. Rosenberg, a lawyer at Davis Polk, which represents some of the biggest names on Wall Street, after the CFTC approved rules for derivatives trading.

Source: New York Times

 

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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