The Marriage of Compliance and Risk
With a new regulatory regime in the offing, and the promise of more stringent controls likely to be fulfilled, Matt Grinnell of Fidessa LatentZero looks at how asset management firms can prepare themselves by breaking down the barriers between legal, risk management and compliance teams.
Why Government Regulators Seem Unprepared
The global financial crisis and Toyota's current mess have something in common -- government watchdogs didn't fully understand the complex systems they were supposed to be regulating.
Don't Expect FinReform Legislation This Week
CNBC is reporting that Senator Chris Dodd is unlikely to unveil financial reform legislation this week, to negotiate with Republican Sen. Bob Corker over the consumer protection piece.
What Regs Are Next? (video)
In light of the Madoff scandal and the financial crisis, regulators who have been heavily scrutinized for their failings are under more scrutiny than ever before. In this video clip, Senior Editor Melanie Rodier speaks to Larry Tabb, CEO and founder of TABB Group, about what new regulations the financial community can expect, and about the future of the SEC.
SEC Risk Proposal: A Fair Start But Lacking Specifics
The SEC risk management proposal advocating baseline operational risk controls is a good-faith attempt by regulators to augment risk management within brokers and broker/dealers, however, the SEC leaves too much discretion of acceptable practices to the discretion of the firms whose activities require control.
Obama's Controversial Stimulus Did Help Growth
Marking the first anniversary of President Obama's controversial stimulus, WSJ's Gerald Seib discusses how the package, along with interest-rate moves and a shoring-up of bank balance sheets has allowed the U.S. to outstrip European economic growth.
Introducing Broker-Dealers Compete With Big Boys
Introducing brokers' technology budgets are small, but many of these firms can, and do, compete with the largest firms' platforms simply by being smart shoppers, says a new Aite Group report.
JPMorgan: Regulation Increases Costs
Tighter regulation is supposed to be the price of making the banks stable and taxpayers whole, but JPMorgan Chase is warning it will also bring a much higher cost of doing business,
Five Major Brokers Added to UNX Trading Network
UNX has added five major brokerage firms to its trading connectivity network: Girard Securities, Goldman Sachs Electronic Trading (GSET), Mizuho Securities USA, Rosenblatt Securities and UBS Investment Bank.
TradingScreen Connects to Societe Generale For FX Trading
According to the agreement, Societe Generale Corporate & Investment Banking will offer the TradingScreen Buy Side client base a full foreign exchange execution suite covering Spot, Forward and Swap deal types supported through RFQs and RFSs.
New Book Blames Quants for Credit Crisis
Should the average American with a 401-K worry about the rise of quants on Wall Street? That is the focus of a new book, "The Quants," by Scott Patterson, staff reporter at the Wall Street Journal.
ConvergEx Launches Tactical Trading Algo
ConvergEx Group has launched its Abraxas tactical trading algorithm, which utilizes a proprietary multi-dimensional sensitivity profile to exploit dark liquidity, favorable price movements and volatility changes.