SECRSS

Market surveillance: a watching brief

The Washington-based SEC is watching Wall Street

The US Securities & Exchange Commission is often accused of using skateboards to chase Ferraris in its attempts to keep up with trading houses, but less than a year after announcing that it intended to create a new market surveillance system – and six months after going live with it –  its cloud-based approach is […]

SEC hopes for Midas touch from HFT surveillance system

The Washington-based SEC is watching Wall Street

the US Securities and Exchange Commission says that its cloud-based approach is paying dividends and allowing it to examine the structures of the markets it supervises at a greater level of granularity than ever before.

FINRA appoints di Florio to curb risk

Di Florio will be responsible for protecting US investors

The US Financial Industry Regulatory Authority has appointed Carlo di Florio as executive vice president, risk and strategy. In his new role, di Florio will lead FINRA’s office of risk, emerging regulatory issues, enterprise risk management and strategy.

US regulators seek huge budget increases to keep up with industry

washington-capitol

It’s not just the banks that are struggling with the costs of regulation – so are the regulators. In the US. The Commodity Futures Trading Commission has requested a 52% budget hike to $315 million dollars – described by one of its own commissioners as “improbable and unsustainable”.

Washington watchdog raps regulators over Dodd-Frank rule-making

GAO: "the full impact of Dodd-Frank remains uncertain".

US financial services regulators have not properly evaluated the impact of rules they have proposed or introduced in implementing the Dodd-Frank Act, and should improve their co-ordination says a critical report from a congressional watchdog.

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