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
At some banks, advisors resemble their brokerage or dealer counterparts; at others, they appear to be positioned much closer to traditional frontline retail bankers
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
The company has hired Tata Consultancy Services to implement a new single, integrated technology platform to replace the legacy systems
Comments on the IOSCO consultation are due by Aug. 30
A new report from the global body urges regulators to keep a close eye on 10 issues, ranging from cyber crime to regulatory governance
The FCNB will be operating kiosks at several events this summer in an effort to raise investor awareness about fraudulent schemes