French officials slam ex-EC boss for Goldman Sachs role
French ministers have attacked Barroso’s decision to move over to Goldman Sachs so soon after Brexit result.
Regulation
US futures trader jailed for three years
An American futures trader has been sentenced to three years in prison for market manipulation.
SEC rules to make US brokers reveal where they sent client orders
The SEC has proposed new disclosure rules to provide investors with more transparency and to monitor routing decisions.
Poor technology costs Citigroup $7m with SEC fine
The SEC has fined Citigroup for submitting incomplete bluesheets, due to technological errors.
ESMA escalates risk fears after Brexit
ESMA’s updated risk assessment “intensified” to reflect the effects of the EU referendum.
ESMA proposes OTC clearing delay for smaller players
ESMA has recommended a delay from the clearing obligation for firms with "limited" derivatives volumes.
‘Be brave enough not to regulate’, says EC’s Hill
Jonathan Hill blasts “complex” and “backwards” legislation, urging the Commission to be “brave enough not to regulate.”
FCA slapped firms with fines totalling £884m last year
UK regulator handed out over £884 million worth of fines last year to 17 companies in the financial industry.
UK regulators “hampered” with prosecution of HSBC
US Department of Justice’s decision to prosecute HSBC for money laundering in 2012, “influenced” by FSA.
SEC tightens rules to stamp out spoofing
The US Securities Exchange Commission (SEC) has rubber-stamped a change to clock synchronisation standards to stamp out market abuse and spoofing.