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What is TRACE Reporting? (Part 1 of 6)

Perficient

debt market, the Financial Industry Regulatory Authority (FINRA) developed the Trade Reporting and Compliance Engine (TRACE) in 2002 to facilitate the mandatory reporting of OTC bond transactions in eligible fixed-income securities. Treasury Securities to TRACE. To promote transparency in the large U.S.

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Details on the FDIC Security Breach by Chinese Spies [VIDEO]

Bank Innovation

How Chinese spies hacked into computers at the Federal Deposit Insurance Corporation from 2010 until 2013 -- and American government officials tried to cover it up.

FDIC 150
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What Does Section 1033 Really Mean for Banks?

South State Correspondent

The Background on Section 1033 CFPB’s final rule implements Section 1033 of the Dodd-Frank Act, which has existed since 2010 but has never been fully articulated. The Rule now gives consumers greater control over their financial data and the ability to share it securely with third-party service providers. This is no easy feat.

Data 221
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Goldman Sachs Denied Dismissal Of Class-Action Lawsuit Over Subprime Mortgages

PYMNTS

A Manhattan court denied Goldman Sachs Group’s appeal to dismiss a class-action lawsuit that accuses the investment bank of hiding information when it created subprime securities prior to the Great Recession, according to a report in Reuters. It also states that shareholders lost over $13 billion from February 2007 to June 2010.

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Former Apple Securities And Compliance Lawyer Charged With Insider Trading

PYMNTS

The Securities and Exchange Commission (SEC) charged a former Apple lawyer with illegal insider trading on Wednesday (Feb. According to the SEC complaint, he was “responsible for Apple’s compliance with securities laws.”. 13), according to a report by CNBC. He was terminated in September. District Court of New Jersey.

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Ernst & Young Under Scrutiny Over Wirecard Accounting Practices

PYMNTS

The accountancy firm, which has audited Wirecard since 2010, has been thrust into the center of the scandal around $2.1 A senior auditor at another firm told the Times securing independent confirmation of bank balances was the first thing students learn at audit school. The island nation’s lenders, BDO Unibank Inc.

Fraud 290
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How Safe Are You? 5 Lessons from The Safest Banks

South State Correspondent

Based on the 2007 to 2010 bank failure experience, we modeled the financial health of every bank using the last 16 quarters of historical performance. Putting These Lessons From The Safest Banks into Action When it comes to creating a safe and secure bank, there are many ways to do it.

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