The Fed Hits Six Banks with Record Fines

The Federal Reserve has imposed $1.8 billion in fines, “among the largest ever assessed,” against UBS, Barclays Bank, Citigroup, JPMorgan Chase & Co., the Royal Bank of Scotland (RBS) and Bank of America Corp. (BofA) for what Fed officials call...
businessman walking and holding bag  with thief shadow

Family Affair: SEC Alleges Father-Son Insider Trading Scheme

The SEC has charged a father-son team with conducting “a serial insider trading scheme,” in which the son tipped off his father about lucrative merger and acquisition deals and the father communicated the information to a trader using golf terminology,...
Scientific data

Sell Side Adapts to FIX for Confirmations, Affirmations

It appears that sell-side firms are becoming more comfortable with the extension of the Financial Information eXchange (FIX) electronic trading protocol for post-trade purposes as 75 percent of broker/dealer respondents in a new survey say they use FIX for confirmation/affirmation...
e learning

‘Africlear Global’ Pushes Ops Revamp across Continent

The Fund for Africa Private Sector Assistance (FAPA) of the African Development Bank (AfDB) made a $400,000 seed investment in Africlear Global to enhance the efficiency of capital markets by “supporting the modernization of central securities depository infrastructure across Africa,”...

ITG to Aide Buy-Side to Buy-Side Trades via Bondcube

Bondcube, a fixed income trading platform, has appointed execution broker ITG as a U.S. trading intermediary for Bondcube’s buy-side to buy-side trades, officials say. For the new role, ITG will facilitate the settlement of trades between buy-side participants. In addition,...

Nomura Joins Retreat from Swaps Clearing

Nomura Holdings is getting out of the clearing game for swaps transactions, dropping a previously offered service where the bank acted as a gateway for getting its customers’ swaps trades guaranteed by clearing houses. Nomura is just the latest of...

Cyberattack Costs to Hit $2 Trillion by 2019: Report

New research suggests the total cost of cyberattacks could reach $2.1 trillion annually by 2019, four times the estimated cost of breaches in 2015, according to a new report by market research firm Juniper Research. While the Juniper report, “The...

Alliance Bernstein’s Alex Shafran: Centralize Vendor Management

Shafran, who is vice president, global head of performance and head of global analytics at Alliance Bernstein, says the centralization of processes is essential to good vendor management, and offers tips on controlling the quality of data sent to vendors....

Upcoming Events View All

  • SecOps USA 2015

    This two-day conference will cover all things securities operations with separate streams covering reconciliations, corporate actions, and buy-side operations, including discussions on industry standards, STP, automation and more.

  • Cyber-Security Tips for Your Social Media Team

    As cyber-security skyrockets on the financial services’ priority list, one area of concern is social media. This free one-hour webinar will bring together cyber-security and social media gurus to give concrete advice for how to incorporate cyber-security awareness into your social media strategy without sacrificing the very open nature of social media.

  • SMAC New York 2015

    Join FTF for our annual Social Media and Compliance in the Financial Services conference. From social media strategies to compliance issues, this is the premier event for new ideas, stronger systems, and increased connections for banks, asset managers, and insurance firms.

  • ReCon London 2015

    This annual conference is devoted to discussing the ins and outs of reconciliations, including utility, automation, industry standards and more.

  • Performance Measurement Americas

    Join FTF at our annual summit for performance measurement executives. Packed with peer-to-peer networking, accessible panel sessions, and insights from performance thought leaders, this is the premier conference for brainstorming on best practices in the performance measurement space.

Upcoming Training View All

  • Enterprise Risk Principles & Practices

    Enterprise Risk Principles and Practices is an intense and invigorating two-day workshop for any financial professional trying to get a handle on the evolving world of operational risk.

Minding the Gap View All

Eugene Grygo

Bridging the divide between the official story and what is really happening.

  • Do You Want a Robot Writing Your Reports?

    Much has been made in the mainstream media about software systems that can take lots of data (previously gathered via tedious methods) and create a wide range of prose from nonfinancial news to reports about the performance of funds. FTF…
  • It’s Time for T+2 and FTF Focus Magazine

    A very warm spring has come to the New York City area this week and coincidentally we are debuting a new online magazine from FTF News (a printed version is also available). To underscore our new commitment to magazine journalism,…

Latest News View All

Latest Opinion View All

  • What Does a New FTF Website Mean for Our Readers and Clients?

    Fri, 15 May 2015 13:31:53 +0000

    Maureen Lowe, Founder and President of FTF,  discusses what the new, upcoming website means for our readers and clients. The new site is scheduled to go live Q3 ’15.
  • How Should the NY State Government Spend its $5 Billion Surplus from Wall Street Fines?

    Thu, 05 Feb 2015 14:15:12 +0000

    We have the results to our most recent Finger on the Pulse poll. Our FTF News editor, Eugene Grygo, recently posted a Minding the Gap column Can Good Come from the Sins of Wall Street?, where he discussed the fines imposed upon … Continue reading
  • FTF News Video: How to Build a Robust Op Risk System

    Wed, 04 Feb 2015 14:30:44 +0000

    CIT’s head of Op Risk discusses novel ways to improve surveillance and launch initiatives with FTF News editor, Eugene Grygo at the recent OpRisk New York 2014 conference in November. Prasad Kodali, head of operational risk at CIT, is leading … Continue reading
  • Can Good Come from the Sins of Wall Street?

    Fri, 23 Jan 2015 15:44:08 +0000

    January 20, 2015 by Eugene Grygo (Contribution from Minding the Gap, a blog by FTF News editor, Eugene Grygo.) Thanks to the fines imposed upon Wall Street and insurance firms for their sins during the Great Recession, the New York State … Continue reading