Only fill in if you are not human
Surveillance teams in dark over antics of traders as regulator slaps fine on bank.
Radar interviewed compliance chiefs at some of the world’s biggest banks to understand how they are adapting to protect their institution, and what behaviors and signals they believe to be the real indicators of impending trouble.
Radar spent time with Kavita Jain, director in the Office of Emerging Regulatory Issues at FINRA, discussing risks, trends, new technology and the rise of “alternative data”.
A new toolkit from the Financial Stability Board (FSB) contains plenty of familiar weapons in an arsenal designed to combat misconduct and redirect enforcement to individuals rather than firms.
Securities and Exchange Commission Chairman Jay Clayton has warned firms they are being scored on their culture, and that misleading behavior will land tougher and more drawn-out regulatory action.
The emergence of Deferred Prosecution Agreements (DPA) across a significant number of new jurisdictions is putting compliance staff at multinationals under more pressure than ever to shore up their risk mitigation systems and avoid any potential corporate prosecution.
Trader talk under microscope again as firms face new pressure to cut out insider dealing.
Once admired for stability, British politics is enduring its most turbulent period in living memory and has left the capital markets on edge. Radar meets Shadow City Minister Jonathan Reynolds, the man hoping to instil some calm into London’s financial services sector.
Agency merges enforcement teams following industry blowback.
Some chatroom banter that slipped through the net.
A fireside chat with the PricewaterhouseCoopers Market Abuse and Surveillance team about the burning questions that need attention from the Radar editors.
(Or, how to spot rogue trading and save your firm tens of millions of dollars.)
Oscar-winning actress Jodie Foster may not have much in common with celebrated soccer players Wayne Rooney and Roberto Carlos, but the trio share the dubious honor of being codenames used by a Deutsche Bank salesman who tipped confidential information to a hedge fund.