Tesco admits FCA’s market abuse allegations
Tesco faces £85 million charge after misleading investors on profits.
Regulation
SEC adopts T+2 settlement cycle
Various global markets have made attempts to shorten their settlement cycles in recent months and the US has now followed suit.
Authorities give SGX two years to improve recovery process
Financial regulator orders SGX to implement new measures after trading halt in July last year.
SEC delays NYSE speed bump approval
The exchange is looking for approval to establish a speed bump on NYSE MKT.
FSB targets buy-side reforms
Mark Carney outlines priorities for FSB which includes addressing vulnerabilities in asset management.
Buy-side to wait until deadline before implementing unbundling
Recent survey finds majority of buy-side firms will wait until MiFID II is launched before implementing unbundling.
Credit Suisse fined for trading failures
Credit Suisse fined for entering orders at incorrect limit prices in Australia.
Global buy-side firms to adopt MiFID II unbundling
Large buy-side firms will not be implementing separate strategies for different regions for research consumption.
ICMA calls for capital relief to encourage bond market making
ICMA stresses importance of market making in illiquid bond markets and urges capital relief to encourage the model.
JP Morgan directors in bribery fray with Federal Reserve
Former senior employees at JP Morgan in Asia-Pacific allegedly offered individuals’ employment opportunities based on client referrals to win business.