(Reuters) - Morgan Stanley will pay about US$3.2bn to settle charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, federal and state officials said Thursday.
Regulators in the US and Europe have ended a stalemate over the cross-border recognition of each other’s frameworks for the clearing of over-the-counter derivatives.
The European Commission has confirmed a widely anticipated one-year delay to the revised Markets in Financial Instruments Directive, giving market participants more time to prepare for implementation.
(Reuters) - EU antitrust regulators are investigating several banks for possible rigging of the US$1.5trn government-sponsored bond market, two people familiar with the matter said on Wednesday.
(Reuters) - The US Securities and Exchange Commission on Wednesday approved rules governing swaps that involve foreign dealers with trading desks on US soil.