News

Treasury Secretary Steven Mnuchin: Five takeaways for hedge funds

Mnuchin faced a grilling from the Senate Committee on Finance on Thursday


Pershing Square hit with SEC charge over pay-to-play violations

Bill Ackman’s activist firm ordered to pay $75,000

Supreme Court fight awaits SEC on admin proceedings

Regulator could be forced to cut number of administrative cases



DTCC hires ex-NFA director as European CCO

Derek West will be responsible for Emir compliance


Apex rolls out new Metrosoft AML software

Fundsphere Compliance TA set to improve internal controls and oversight of clients


European law firms target SEC whistleblower rewards

‘Whistleblower alliance’ to help non-US employees bring enforcement action to the SEC


ACA launches CCO cloud solution

ComplianceAlpha looks to automate daily CCO duties


Capula IM compliance chief departs

Chris Bell leaves fixed income specialist after almost a decade; Filings show 40% increase on operating profit


Labour MP says European regs ‘stifling’ UK hedge fund launches

Chris Evans calls for FCA to streamline regulatory regime post-Brexit


Republicans demand Congress oversight over SEC

House passes bill to ensure Congress can veto any “major regulation”


US confirms BEA reporting carve out for certain managers

Department of Commerce will exempt certain managers from this year


Basel III approval delayed until later this year

Further work required before capital adequacy regime can be finalised


Ardevora hires Arrowgrass European compliance head

Clem Geraghty joined London-based firm at end of November



Donald Trump nominates Jay Clayton to head up SEC

Sullivan & Cromwell partner slated to lead agency following Mary Jo-White’s departure


Warning Mifid II will hit UK pension HF investments

Re-categorisation of schemes could see costs become unsustainable 


Tim Massad resigns as CFTC chair

Reg AT critic Christopher Giancarlo tipped to take interim charge


SEC, DoJ charges NY pension director over $2.5bn drugs and hookers pay-to-play

Navnoor King and two brokers accused of securities fraud, wires services fraud and obstruction of justice


European authorities consider big data regulations

Regulators evaluate whether existing requirements are sufficient for tech evolution