As financial services firms scramble to comply with the onslaught of new regulations, they also have to contend with an absence of leadership among industry bodies tasked with helping create the new rules of the road. Yet the need for strong leadership is becoming more critical and a membership survey by the ISITC trade group… Read More >>
Wall Street Layoffs and Bonuses Are Back as Colin Powell to Speak at Fiserv Forum
DiNapoli Report: Upward Spiral for Bonuses and Layoffs Bonuses for 2012 will rise by 9 percent during this year’s bonus season as profits for broker/dealer operations of NYSE Euronext exchange members tripled compared to profits earned in 2011, according to report from the office of the New York State Comptroller Thomas P. DiNapoli.At the same… Read More >>
Things to Do After the Apocalypse
This might be my last Minding the Gap column ever as the ancient Mayan calendar points to the world ending on Dec. 21, 2012. However, my guess is that discerning an expiration date for humankind is tricky as multiple cultures have conflicting calendars. But, if the Mayans were wrong, we will have lots to do… Read More >>
ISITC Meets the Regulators
Jan Ellis Snitzer has been busy since she became chair of the financial transaction standards group, the International Securities Association for Institutional Trade Communication (ISITC), this past January for a two-year term. For starters this year, ISITC will be launching a Regulatory Working Group; a global outreach that will involve ISITC Europe, ISITC Asia and… Read More >>
