The formation of a special group of US regulators for the implementation of the Volcker Rule was to address the Rule's complexities and the potential issues that could arise due to the differences in the US regulators' policies with regard to the Dodd-Frank measure.
Following a series of investigations launched by US, UK and Swiss regulators on claims that foreign exchange rates are being rigged, majority of the top banks had taken steps like allocating costs for future settlement and dismissing traders to curb the effects of the financial scandal.
The 39-year-old Mathew Martoma is embroiled in what prosecutors have called the most lucrative insider trading episode in U.S. history. Martoma, who worked in SAC Capital Advisors' CR Intrinsic Investors division, is accused of using confidential information to trade stocks of the drug's developers, Elan Corp Plc and Wyeth, currently owned by Pfizer Inc.
Credit Suisse Group AG the Abu Dhabi Investment Council's arbitration steps to recoup a total of $35 million in funds it loaned to Golomt Bank LLC showed a glimpse of the latter's dubious dealings, which partly repelled foreign investors from making further investments in mineral-rich Mongolia.
