Compliance

The Securities and Exchange Commission, the US financial regulator, has increased its efforts to stamp out the deliberate spreading of false rumours to manipulate securities prices.

As the strategies of hedge funds and more traditional asset managers converge, three categories of buy-side firm are emerging, according to Dr. Anthony Kirby, director, financial services advisory, regulatory and risk management at consulting firm Ernst & Young.

Settlement system Euroclear UK & Ireland is to cut the price of sending electronic transaction reports through its system to the UK Financial Services Authority (FSA) from 1 July.

Data provider Markit has launched Markit Document Exchange, a documentation library that allows financial institutions to post, manage and share compliance, counterparty credit and regulatory documents securely.

Connor, Clark & Lunn Financial Group (CC&L), a Canadian multi-boutique asset management firm, has signed up to use Omgeo Central Trade Manager (Omgeo CTM).

A new report from financial research group Celent predicts that brokerage firms will continue to invest in IT services despite the current financial crisis.

FRSGlobal a provider of risk and compliance reporting solutions, has announced a partnership with QUMAS that will see the integration of FRSGlobal’s risk management capabilities with QUMAS’s government, risk and compliance (GRC) suite.

GL Trade, a provider of front-to-back office and multi-asset software solutions, has installed its automated reconciliation system at Swiss bank Banque Cantonale Vaudoise.

On Tuesday, the Financial Services Authority (FSA) published Market Watch, a report that analyses firms' systems and controls processes following the Société Générale (SG) 'rogue trader' incident.

The EU and the US have moved closer towards mutual recognition of each other’s securities regulations following a meeting last week between Charlie McCreevy, the European Commissioner for the intern