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RBS and Ulster Bank hit with £56 million fine over IT meltdown

November 20, 2014 - The Royal Bank of Scotland and its subsidiary Ulster Bank have been hit with a £56 million fine by regulatory authorities over a computer malfunction in 2012 that locked customers out of accounts and knocked out payments processing systems.

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SEC stregthens exchange technology rules

November 19, 2014 - The US Securities and Exchange Commission has approved new rules designed to strengthen the market's technology infrastructure, which has seen a rash of IT meltdowns in recent years.

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Ulster Bank fined EUR3.5 million over IT meltdown

November 12, 2014 - The Central Bank of Ireland has slapped a EUR3.5 million fine on Ulster Bank over IT governance failures that resulted in approximately 600,000 customers being deprived of banking services during a month-long period in 2012.

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CFTC slaps banks with $1.4 billion penalty over FX benchmark rates manipulation

November 12, 2014 - The U.S. Commodity Futures Trading Commission (CFTC) issued five Orders filing and settling charges against Citibank N.A. (Citibank), HSBC Bank plc (HSBC), JPMorgan Chase Bank N.A. (JPMorgan), The Royal Bank of Scotland plc (RBS) and UBS AG (UBS) (collectively, the Banks) for attempted manipulation of, and for aiding and abetting other banks' attempts to manipulate, global foreign exchange (FX) benchmark rates to benefit the positions of certain traders.

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FCA fines five banks £1.1 billion for FX failings and announces industry-wide remediation programme

November 12, 2014 - The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 million), HSBC Bank Plc £216,363,000 ($343 million), JPMorgan Chase Bank N.A. £222,166,000 ($352 million), The Royal Bank of Scotland Plc £217,000,000 ($344 million) and UBS AG £233,814,000 ($371 million) ('the Banks').

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Nyse names Cunningham head of governance services

October 29, 2014 - The New York Stock Exchange announced today that effective immediately, Stacey Cunningham has been named President of NYSE Governance Services, a leading provider of corporate governance, risk, ethics and compliance services for public and privately held companies.

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