UBS Group is paying $387 million in fines to the U.S. Federal Reserve System and the U.K.’s Prudential Regulation Authority and finalizing proceedings with the Swiss Financial Market Supervisory Authority (FINMA) — in an effort to close the Archegos Capital Management chapter in the history of Credit Suisse, now a subsidiary of its former Swiss… Read More >>
TNS Buys BornTec’s Co-Location Services & Other News
TNS Adds to Global Connectivity Footprint Transaction Network Services (TNS) has acquired BornTec’s managed hosting and co-location business, which will add to TNS’ global connectivity footprint and bolster previous TNS acquisitions, officials say. The latest acquisition was completed on March 21, 2023. The BornTec co-location acquisition adds to TNS’s global deployment of Layer 1 ultra-low… Read More >>
HFT Does Not Require Regulation Yet in U.K.: BoE Exec
The rise of high frequency trading in stock, bond and currency markets and accompanying flash crashes does not necessitate immediate regulatory action, according to Chris Salmon, executive director for markets at the Bank of England (BoE). Speaking at the 13th Annual Central Bank Conference on the Microstructure of Financial Markets in London, Salmon says “though… Read More >>
BofE’s Carney Will Stay to Help with Brexit
The British Pound Sterling barely moved on the news that that Governor of the Bank of England (BoE) Mark Carney has decided not to stay for his full eight-year term, but will weather the Brexit storm. The currency is not only mired in the repeated attacks on the central bank’s independence and competency but also… Read More >>
