The Securities and Exchange Commission today charged three-time recidivist Steven J. Muehler with operating an unregistered broker-dealer, facilitating an unregistered securities offering, and defrauding small businesses, while promising to help them r...
The Securities and Exchange Commission today announced that a Minnesota-based broker-dealer and investment adviser has agreed to settle charges for recommending and selling higher-fee mutual fund shares to retail retirement account customers and for fa...
The Securities and Exchange Commission today announced the agenda for the March 8 meeting of its Investor Advisory Committee. The meeting will begin at 9:30 a.m. in the Multipurpose Room at SEC headquarters at 100 F Street, NE, Washington, D.C. and is ...
The Basel Committee on Banking Supervision has today issued for consultation Pillar 3 disclosure requirements - updated framework. Pillar 3 of the Basel framework seeks to promote market discipline through regulatory disclosure requirements. Many ...
The payments industry is currently experiencing considerable transformation driven by innovation. I welcome such innovation as it will increase both efficiency and competitiveness, and this will ultimately benefit society. We are seeing the emergence of new players, new channels to access payment services and new means of payment, all of which will significantly change the…
On behalf of colleagues from the European Commission, the European Securities and Markets Authority, Belgium’s Financial Services and Markets Authority and the European Central Bank (ECB), welcome to this first meeting of the Working Group on Euro Risk-Free Rates. Thank you for dedicating your time and resources to supporting the working group in successfully delivering…
The financial crisis has seen central banks launch asset purchase programmes of unprecedented scope and scale, so as to provide additional policy stimulus as interest rates approached the lower bound. This period has yielded many insights into how these programmes work and their various channels of transmission.[1] But one question that has remained open is…
The Securities and Exchange Commission today voted to extend by six months the deadline by which open-end funds must comply with certain elements of the Commission's liquidity risk management program rule.  The new compliance date will provide funds a...
PRESS RELEASE 22 February 2018 The European Central Bank’s (ECB’s) audited financial statements for 2017 show that the net profit increased by €82 million, to €1,275 million, mainly as a result of higher net interest income earned on the US dollar portfolio and the asset purchase programme (APP) portfolio.
The revised Payment Services Directive (PSD2) has featured high on the agenda of the payments industry for some time and it will continue to do so. The regulatory technical standards (RTS) on strong customer authentication and common and secure open standards of communication, which have been submitted by the European Commission to the co-legislators for…