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JUNE 1, 2022

So far in our 6-part blog series explaining the intricacies of TRACE, we have defined TRACE reporting, detailed the prep work to be done in order to effectively report TRACE transactions , and reviewed considerations for alternative trading systems. by programming systems to delay reporting until the end of the reporting period.

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APRIL 26, 2022

FINRA member participation in TRACE is mandatory and obligates members to submit transaction reports in TRACE-eligible securities to conform with the Rule 6700 Series. The USA allows a member firm to report trades on behalf of another FINRA member to the approved facilities included on page two of the USA.

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Report Compliance Security Regulation 294

Bank Innovation

MAY 3, 2017

Financial services organizations are among the leading adopters of cloud services, according to McAfee’s recent Cloud Security Report. This shift to private and public cloud is happening amidst conflicting priorities between regulations and business drivers.

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Security Regulation Report Technology 312

Bank Innovation

MAY 16, 2017

Last year, regulators in New York decided to take cybersecurity matters for financial institutions into their own hands, releasing a set of rules (which went into effect in March), requiring banks and other FIs to establish a stricter cybersecurity program.

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FEBRUARY 23, 2021

Initially addressed through the Liquidity Coverage Ratio test, regulators soon recognized that a single, consolidated report was insufficient to understand a firm’s potential drivers of liquidity depletion. financing of securities positions, prime brokerage activities). banking institutions. banking institutions.

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PYMNTS

SEPTEMBER 21, 2020

A shocking new report reveals an underworld of corruption in the world’s banks and how governments allow it to thrive, BuzzFeed News reported. The report found the illegal profits from the drug trade, cash stolen from developing countries and Ponzi schemes flow through financial institutions despite warnings from bank employees.

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NOVEMBER 1, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

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OCTOBER 30, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

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OCTOBER 28, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

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NOVEMBER 6, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

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PYMNTS

APRIL 9, 2020

million ransom to get their systems back online, The Wall Street Journal reported. A Travelex spokesman told the WSJ that the firm got advice from security experts on how to proceed, and have kept its investors and regulators up to date on the recovery.

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PYMNTS

DECEMBER 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

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PYMNTS

NOVEMBER 13, 2020

As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten FinTech acceleration, according to a Bloomberg report on Friday (Nov. The regulators are looking more closely at transaction-based platforms, Lau said, per Bloomberg.

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AUGUST 26, 2022

With the move to electronic trading and increased trade volume, FINRA has been considering ways to provide more timely and detailed data to the marketplace and regulators. In place since 2005, a 15-minute outer limit reporting timeframe currently applies to transactions in: Corporate bonds. Agency debt securities.

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OCTOBER 24, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

Regulation 221

Regulation Risk Management Compliance Fraud 221

PYMNTS

MARCH 2, 2020

Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The Wall Street Journal reported on Monday (March 2). The California Consumer Privacy Act went into effect in January, and the European Union’s General Data Protection Regulation ( GDPR ) went into effect in 2018.

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PYMNTS

NOVEMBER 3, 2020

Folksam said it had accidentally allowed big tech companies to access customers’ private data, Bloomberg reported. The firm said it discovered the breach after an internal audit and that it has reported the breach to Swedish regulators. elections or fraudsters looking to take advantage of the pandemic’s eCommerce trends.

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PYMNTS

AUGUST 11, 2020

Federal and state authorities are targeting companies that allegedly lend money to small businesses at extreme rates and seek to collect payments with heavy-handed tactics, NBC News reported Tuesday (Aug. In some cases, NBC News reported, business owners took payments from companies’ bank accounts even after COVID-19 struck.

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PYMNTS

NOVEMBER 16, 2020

A Citibank senior analyst predicted that bitcoin could reach $318,000 by December 2021 in a report written for Citibank’s institutional clients, according to CoinDesk. Thomas Fitzpatrick’s report was leaked on Twitter Friday (Nov. All we know is that price is likely to continue going up.”.

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PYMNTS

NOVEMBER 1, 2020

In Apple 's annual report , the tech giant discussed the impact that various legal proceedings and new regulations around the world could have on its operations and financial conditions. Those could lead to changes in the company's practices or further legal proceedings, the report stated.

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Apple Company Report Regulation 235

Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Expand and Clarify.

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NOVEMBER 8, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. Determination process.

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PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. Founded in 2007 by Miles and John Perry, who serves as chief executive officer, Bluefin specializes in encryption and tokenization payment and data security. . Each $1 of fraud costs retailers $3.13. .

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SEPTEMBER 24, 2020

The digital methods suit remote purchasing environments and offer security features that can make it difficult for fraudsters to use stolen card details. To read more about these and the rest of the latest headlines, download the Report. Find the full story in the Report. Read the Deep Dive in the Report.

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PYMNTS

DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

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Bitcoin US Regulation cryptocurrency 354

PYMNTS

SEPTEMBER 2, 2020

Securities and Exchange Commission over its alleged failure to disclose practices in which it would sell clients' orders to high-speed trading firms, according to a report by The Wall Street Journal. In addition, multiple users reported not having ways to contact the company, with no clear phone number available at the time.

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APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Applications include analysis of regulations, news flow, earnings reports, consumer complaints, analyst ratings changes, and legal documents. Cybersecurity.

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PYMNTS

DECEMBER 21, 2020

Booking was "disappointed" in the actions being taken, according to Reuters, saying it planned to continue being a good neighbor to partners in Russia and securing demand for services needed for the sector's recovery from the COVID-19 pandemic, which has been brutal for the Russian hospitality industry.

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PYMNTS

NOVEMBER 3, 2020

As China's Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. Reuters writes that while Ant presents itself as a tech company, financial regulators have suggested it's under their umbrella. The classification is important for investors.

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PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

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MAY 19, 2022

So far in our 6-part blog series explaining the intricacies of TRACE, we have defined TRACE reporting and detailed the prep work to be done in order to effectively report TRACE transactions. Remember, TRACE reporting is for TRACE-eligible fixed income securities, not equities. Interested in learning more?

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PYMNTS

DECEMBER 20, 2020

21) will file documents with securities regulators to allow a special purpose acquisition company (SPAC) it created previously to raise as much as $600 million through an initial public offering (IPO), Axios reported. Moreover, Axios reported, Softbank is moving toward creating additional SPACs. Softbank on Monday (Dec.

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PYMNTS

DECEMBER 27, 2020

China’s State Administration for Market Regulation posted a notice on its website Thursday (Dec. 24) stating that it was looking into whether Alibaba had improperly engaged in a practice the Chinese call “er xuan yi,” Forbes reported. a Chinese manufacturer of microwave ovens, the WSJ reported.

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PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

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PYMNTS

JANUARY 8, 2021

CNBC reported that the Silicon Valley startup has raised more than $1 billion in funding this year. 16, Massachusetts securities regulators filed a complaint against Robinhood alleging that the company aggressively marketed to inexperienced investors and failed to implement controls to protect them, violating state laws and regulations.

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Massachusetts Fintech Millennials Retail 363

PYMNTS

AUGUST 11, 2020

Merchants and other online services must be sure these processes are also secure, however, especially as fraud attempts have continued to climb. Many of these digital shoppers are now also weighing the security of this experience as top priority when they go to shop at new online retailers, according to one recent study.

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MARCH 2, 2021

The final rule amends Regulation EE (Financial Institution Netting) to apply FDICIA netting provisions to certain new entities including swap dealers. The Federal Reserve is now expanding the definition of financial institutions to include: swap dealers and security-based swap dealers; 1. What is a Financial Institution?

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