SEC promulgated a final rule requiring open-end investment companies to establish a liquidity risk management program to reduce the risk that funds will be unable to meet their redemption obligations and to mitigate dilution of fund shareholder interests (Oct 2)
Some policymakers questioned whether Friday's vote was legal, documents released Monday show (Oct 2)
The Cyber Cafe
Cybersecurity news every Friday
Hackers target weakest links for insider trading gain
"Sun Tzu wrote in 'The Art of War' that attackers avoid surfaces and flow to gaps like water flowing down hill," said Nate Fick, chief executive of cyber security company Endgame. "The banks are the surfaces and the SEC was a gap."
SEC forensics unit sought resources, cyber training ahead of 2016 hack
In August 2016, just two months before the U.S. Securities and Exchange Commission discovered its corporate filing system had been hacked, the SEC's internal watchdog, Carl Hoecker, received a plea for help from his new forensics investigative unit.
(Oct 3) -- In order to optimize regulations put in place after the 2008 financial crisis, the Commodity Futures Trading Commission has a lot of work to do, CFTC chair Chris Giancarlo said at a George Washington University forum. Some highlights:
Rules that govern derivatives clearing and trading had some "unintended consequences."
Post-crisis rules on clearing have been more successful than rules for swaps execution.
CFTC needs collaboration with European colleagues on cross-border rules
Financial Stability Oversight Council has been too focused on labeling firms as systemically risky and should take a "broader view."
Three in 10 institutional investors make more than 50 ETF trades a month
Study that covered 210 institutions worldwide found around 30 percent of institutions traded ETFs more than 50 times a month, but that proportion rose to 42 percent in Europe; Asian fund managers say they trade ETFs 10 or fewer times a month. - Financial Times