Basel Committee progress report notes that many G-SIBs are facing difficulties implementing new principles
The SEC collected a record US$3.4 billion in penalties and other sanctions
The variation increases with the complexity of trading positions
Investor Issues Committee to advise U.S. regulator on issues that significantly impact both retail and institutional investors
Status reports conclude more work is necessary in both areas
Convicted fraudster ordered to pay $1 million penalty
The weight this evidence will receive in a hearing will be determined by an OSC panel
IOSCO Affiliate Members Consultative Committee approves three new work streams
The new rules are scheduled to take effect in January 2017