Martin Wheatley of the UK’s Financial Services Authority on Friday announced plans to overhaul Libor, which has been at the center of a rate-fixing scandal involving Barclays and other major banks.  Wheatley called for significant changes in the way Libor is set, and encouraged reform of other commonly used benchmarks with similar weaknesses – something […]

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Here are some quick observations on social media compliance issues for financial services firms, following a workshop I attended yesterday at BDI.  There were great insights and lively discussions. First, adoption of social media by financial services firms is still in its early stages, but it’s growing.  Since FINRA issued regulatory guidance in January 2010, […]

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