BoE warns against lending shares to borrowers aiming to influence AGM votes, but will anyone outside the UK listen?
Also: Russian banks in fraud fails; Citi’s fat-finger fumble; devil’s in the data detail. Data by ORX News
Isda AGM: Knot takes dim view of banks piling up leverage blind
Industry groups dislike retread of rules around fraud and manipulation, and want longer comment period
Six banks accused of manipulation may see 40% reduction in damages if UK lawsuit proceeds along ‘opt-out’ route
Joe Schifano, global head of regulatory affairs at Eventus, examines how volatility resulting from the Covid‑19 pandemic has made markets more susceptible to insider dealing activity, prompting regulators to urge firms to reinforce surveillance measures…
CFTC probe into swap price rigging revives the ghosts of Libor manipulation
Isda AGM: Japanese corporates continue to eye “fragile” JPY term rate, despite concerns
Financial fraud and fat fingers loom large, but annual top 10 op risk losses still show fewer fails. Data by ORX News
Brexit could lead to firms facing different compliance requirements on the same trades
Also: counting the cost of Covid cons; Citi audio dynamite. Data by ORX News
ML trained to find spoofing and layering
“They don’t give you free licence to do whatever you want,” says new GFXC chair
Proposed changes don’t go far enough for some; others say it will block legitimate activity
Credit definitions amendments expected in Q1 to stamp out manipulated triggers
In this paper, the author uses a unique data set, containing the revealed risk preferences of 9235 subjects, elicited with four different methods, to estimate latent risk preferences.
Jibar based on product that rarely traded during two-year period, says central bank official
Charges may be brought under regulation 166.3 in cases where intent is hard to prove
Goelman compares manufactured payouts to match-fixing, and says CFTC has jurisdiction to bring case
Libor-rigging and similar misconduct across multiple firms may be the result of 'macro-cultures'
Citigroup fine and CFTC comments put market on alert
‘Vague’ anti-manipulation standards a source of frustration for energy firms
Former traders were indicted by the DoJ for the same offences
Megan van Ooyen from SAS rounds up the top five operational risk losses for December 2016