The alleged fraud allowed the firm to artificially reduce its operating costs, improving its extraction efficiency metrics and profitability
The exercise would help regulators understand how a market crash would affect multiple CCPs, financial market infrastructure and the economy
The initiative, to be known as World Investor Week, will feature regulators around the world launching investor-focused campaigns in October
The assets will be liquidated and distributed to victims either through the Madoff Victim Fund or through the BLMIS Customer Fund
The OSC has now reached no-contest settlements with all of the big banks and several other firms, generating about $342 million in compensation
Comments on the IOSCO consultation are due by Aug. 30
The CCIR plans to continue developing a Canadian market conduct regime that reflects the standards the International Association of Insurance Supervisors have set out
The FCNB will be operating kiosks at several events this summer in an effort to raise investor awareness about fraudulent schemes
The regulator is concerned that Bouji’s father, who has been banned, remains actively involved in the businesses
The guidelines are part of European Union’s fight against money laundering and the financing of terrorism
The changes are intended improve the functioning and flexibility of the BIS board
The new requirements are due to take effect next year
Regulators have developed a framework for sharing information and supporting innovative fintech businesses
The three companies in question self-reported inadequacies in their systems that resulted in some clients paying excess fees
Report finds range of practices in implementing the countercyclical capital buffer policy designed to protect banking sector
Deadline pushed back until July 28
The federal government has accepted nine recommendations included in a report from last autumn aimed at speeding up the process of resolving objections
Desjardins Financial Security Services admitted to the supervisory lapses involving former rep Conrad Eagan
Won Sang Shen Cho is permanently banned from trading and purchasing securities
The country’s current securities laws, which were passed before the advent of robo-advisors, require that only a “natural person” can give advice
Draft guidance aims to help firms use clawbacks and other tools to deter misconduct in the financial industry
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Various jurisdictions are undertaking reforms
The IAP’s seven new members are Neil Gross, Malcolm Heins, Paul Bates, Jacqueline Allen, Larry Bates, Patti Best and Harvey Naglie
Thanks to new evidence, Ravindra Kumar Suppal’s fine was reduced to $50,000 from $150,000 and his suspension was reversed