Regulation

The head of the UK’s top financial industry regulator has resigned following word that Chancellor George Osborne would not renew his contract when it comes due early next year.

he U.S. Chamber of Commerce called for numerous reforms to the Securities and Exchange Commission's investigative process on Wednesday, taking particular aim at the agency's use of in-house administrative trials.

Private equity partners and other managers of alternative investment funds in the United Kingdom are facing the threat of higher taxes on carried interest after changes to the country’s budget were announced earlier in the week. The moves could support renewed efforts in the U.S. to increase the tax rates on similar gains. 

Tougher rules and higher expenses will continue to drive banks out of the market making business, potentially leading to liquidity and price discovery problems, according to Societe Generale CEO Frederic Oudea.

On Wednesday, the Securities and Exchange Commission announced fraud charges against a New Jersey man accused of posing as a hedge fund manager and defrauding small companies out of more than $4 million.

A widening gap in the costs to hedge interest rate risk between platforms based in London and Chicago is generating losses for Wall Street dealers and creating concern about how well this corner of the bond market will respond when the Federal Reserve raises rates.

The New York Department of Financial Services has released the final version of its Bitlicense regulatory framework for the digital currency industry.

Custom House Fund Services, a provider of financial services to the alternative investment sector, announced it will release significant enhancements to its Gateway technology platform over the next few months.

The Affordable Care Act has made dramatic changes to the U.S. healthcare system in the past five years, but the expected implementation of the upcoming “Cadillac Tax” could have the biggest impact on hedge fund firms. David Parker explains.

The Securities and Exchange Commission announced that Andrew “Buddy” Donohue has been named the agency’s chief of staff. Donohue will replace Lona Nallengara who will leave the agency in June.