Behavox Blog

Hong Kong experiences rising tide of executive accountability

Feb 19, 2018 9:40:44 AM / by Behavox Regulatory Intelligence posted in senior managers regime, compliance, hong kong

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Hong Kong’s asset managers face heightened scrutiny later this year when the new Fund Manager Code of Conduct (FMCC) comes into force, and while the new rules are a necessary step in enhancing the region’s market integrity, the task ahead could be arduous for some.

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#FinanceToo - denial is not a solution to behavioral trait that must be exposed

Feb 8, 2018 10:10:07 AM / by Behavox Regulatory Intelligence posted in senior managers regime, enforcement, compliance

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Sexual harassment allegations have dominated headlines over the last six months with fresh controversies and misconduct cases emerging almost daily, and now the fallout is making its way from the gossip pages to the boardroom as concerns of impact on bottom line rise up the corporate agenda.

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FCA takes electronic broker to task over market abuse controls and STR failings

Feb 7, 2018 11:12:54 AM / by Behavox Regulatory Intelligence posted in Financial Conduct Authority, surveillance, enforcement, compliance

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The UK arm of the US retail broker, Interactive Brokers, has been fined more than £1m by the UK’s Financial Conduct Authority (FCA) for supervisory control and surveillance failings.

 

The Behavox Regulatory Intelligence team takes a deep dive into the final order.

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How current is your lexicon? The futures chatroom banter that slipped through the net

Jan 31, 2018 11:58:03 AM / by Behavox Regulatory Intelligence posted in market abuse, surveillance, enforcement

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The spectre of the LIBOR rigging cartels was raised this week when a sweep of e-comms across three big banks revealed the chatter of multiple rogue traders brazenly boasting as they went about manipulating the futures market.

 

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The Behavox guide to spoofing

Jan 31, 2018 11:56:41 AM / by Behavox Regulatory Intelligence posted in market abuse, surveillance, enforcement

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US regulator fines three banks heavily in major spoofing and manipulation crackdown

Jan 31, 2018 11:55:02 AM / by Behavox Regulatory Intelligence posted in market abuse, surveillance, enforcement

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Three European banks and eight individuals have been charged in the largest criminal takedown of fraudulent activity in the futures market to date, US authorities announced on Monday.

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FINRA fine for Raymond James a timely reminder of basic process required to reasonably supervise email communications

Jan 29, 2018 6:49:02 AM / by Behavox Regulatory Intelligence posted in surveillance, FINRA, enforcement

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The US Financial Industry Regulatory Authority (FINRA) announced on December 21 that it fined Raymond James Financial Services, Inc. $2 million for failing to maintain reasonably designed supervisory systems and procedures for reviewing email communications. In addition, Raymond James agreed to conduct a risk-based retrospective review to detect potential violations evidenced in past emails.

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FCA's anti-competitive scrutiny is here to stay

Jan 25, 2018 10:19:27 AM / by Behavox Regulatory Intelligence posted in AI, Financial Conduct Authority, surveillance, Competition

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Asset managers must tighten monitoring of communications with rival firms, lawyers warned, after the UK Financial Conduct Authority accused four firms of collusion as it flexes its antitrust muscles for the first time.

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Behavox featured in GARP Risk Intelligence on the rise of AI in banking

Jan 24, 2018 1:52:50 PM / by Behavox Regulatory Intelligence posted in Behavox in the news

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Behavox is held up as best in class in this in-depth piece by journalist Katherine Heires on how banks are looking for holistic fraud-busting surveillance solutions. 

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Jail time for market abuse becoming the standard

Jan 23, 2018 9:45:10 AM / by Behavox Regulatory Intelligence posted in market abuse, singapore, monetary authority of singapore, senior managers regime

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Singapore has jailed its second individual for market manipulation in a year, signaling an increasingly hardline approach to enforcement and sending a message that the need for better compliance defenses has never been greater.

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