Industry News

US regulators review swaps rules

US regulators want to give foreign banks and overseas subsidiaries of US lenders a break from strict new derivatives rules, which include higher capital requirements, the mandated posting of margins and tighter business conduct standards that’ll take a bite out of bank earnings. The Commodity Futures Trading Commission is looking to grant a temporary exemption […]

By Staff |April 23, 2012

1 min read

FSA loses landmark supervision case

UK financial regulators have failed to penalize John Pottage, the former chief executive of UBS’s UK wealth management, for inadequate supervision during his watch and for his inability to prevent serious fraud. The case was straightforward; the FSA was seeking to fine Pottage £100,000 for misconduct after uncovering a series of compliance problems in UBS. […]

April 23, 2012

1 min read

Retirees wary, but have multiple goals: study

The majority of financial advisors say the dollar value of their clients’ retirement portfolios are nearly recovered from the downturn, but that “the psychological scars run deep,” according to an SEI Quick Poll released today.

April 20, 2012

2 min read

Insurance industry call for action on PRPPs

The Ontario government’s reluctance to move ahead with implementing PRPPs in the province has raised the ire of several prominent industry leaders.

By Neil Faba |April 20, 2012

2 min read