Last month the US eased its trade and travel restrictions on Cuba, including easing restrictions on financial institutions. The policy change follows an announcement by President Obama in December to change the 54 year-old policy. Obama can't lift the trade embargo without approval from Congress, but through the Treasury and Departments of Commerce he was able to ease some of the rules.
The country's banking regulator has announced that the country, which never took up Basel II, will implement parts of Basel III in an effort meet the demands of international financial bodies
New SEC rules on the regulation of technology will impact both trading venues and clearing agencies, but also the market makers that interact with them
The SEC wants it left out of financial reports The number of managers who have moved from hedge fund to mutual fund management since the financial crisis is raising concern among regulators about risk management and disclosures. They are making the switch as a result of the growing popularity of liquid alternative funds (liquid alts).
