The New York Federal Reserve is threatening to implement mandatory rules to control risk in the $1.67 trillion U.S. triparty repurchase agreement market after a voluntary industry initiative acknowledged it failed to make significant progress.

Compliance directors at U.S. broker-dealers no longer have to worry about who they can share their suspicions with when it comes to possible illegal money-laundering activities.

Operations and IT executives at some of the world's largest banks, brokerage firms and fund managers are breathing a sigh of relief now that the U.S. Treasury and Internal Revenue Service have cut them some slack in how they should help catch American tax dodgers living overseas.

European insurance firms are concerned about whether they have the right data to meet the reporting requirements of pan- European legislation -- known as Solvency II-- and may shift a greater percentage of their investments to alternative asset classes, says a new study.

The Securities and Exchange Commission wants to put top dogs on notice that they are responsible for helping compliance officers do their jobs.

Broker-dealers should ensure they have top-notch controls for how they supervise staff, outsourcing agents, the pricing of hard-to-value securities, pre-trade risk monitors and margin lending practices if they want to pass muster with the Financial Industry Regulatory Authority.

U.S broker-dealers might be spending a lot more time talking to their customers.

The European Securities and Markets Authority, the pan-European regulator, wants exchange-traded funds to disclose a lot more information on their lending activities and collateral used as part of an overall attempt to provide greater transparency to regulators and investors.

Just how far should U.S. compliance officers go to supervise and even fire rogue brokers?

The operations and IT departments of some of Wall Street's largest brokerages may have diligently spent the past two years preparing for the first wave of new so-called cost-basis reporting regulations from the U.S.' Internal Revenue Service but that won't be enough to get them through the next tsunami, say tax software experts.