Deutsche Bank and Credit Suisse Group struck end-of-year, billion-dollar deals with the Obama administration over cases involving toxic securities and fraud allegations, perhaps signaling the end of the era of Big Settlements. As has been widely reported, Deutsche Bank agreed to a $7.2 billion settlement with U.S. authorities while Credit Suisse is going to pay… Read More >>
Regulatory Limbo Likely as Trump Repeals Dodd-Frank
(In this second installment of a two-part series, FTF News asked the head of a New York-based financial services regulatory consulting company, Mary Kopczynski, CEO of 8of9, and her staff about the new Trump administration and its plans to dismantle the Dodd-Frank financial reform legislation. Answers from her and her team are in the Q&A… Read More >>
News Analysis: Bernie Sanders’ Wall Street Reforms Lack Specifics
On the campaign trail for the Democratic presidential nomination, candidate Bernie Sanders has been hammering away at Wall Street and its impact upon the economy, calling for the return of the Glass-Steagall Act, the breakup of large banks, and other reforms that he says go further than the Dodd-Frank Act. However, the proposed changes from… Read More >>
FINRA Cracks Down on Deutsche Bank Securities, Scottrade
While alleged acts of fraud by Wall Street firms have gotten the spotlight this year, financial services regulator, the Financial Industry Regulatory Authority (FINRA), is making the point with some firms that they need to maintain high standards for regulatory reporting and for keeping their books and records as specified by industry watchdogs. Most recently,… Read More >>
Can Scandal Spur Global Regulatory Harmony?
Something surprising appears to be underway behind two major financial crime stories that broke over the past several weeks – regulators and law enforcement officials domestically and internationally can work together for positive results. To recap, a coalition of sorts joined forces to bring in alleged “Flash Crash trader” Navinder Sarao, a British futures trader…. Read More >>
How ‘Eight of Nine’ Makes Regulatory Compliance Fun
Words like whimsical aren’t often used to describe the corporate culture and public branding of financial consultancy firms. A quick glance at 8of9’s website, however, makes clear they’re not your average consultancy. With a graphic of a perky young professional eagerly giving a “thumbs up” accompanied by text advertising 8of9’s “team of nerds” and casual references… Read More >>
