Morgan Stanley (MS) eliminated fixed-income trading jobs in London, New York and Toronto this week because of tough market conditions, people with knowledge of the plan said. . .

http://www.bloomberg.com/news/2014-06-06/morgan-stanley-is-said-to-cut-london-fixed-income-traders.html

Market volatility has dropped to lows not seen since before the financial crisis, prompting expectations of a sharp spike, but some strategists suggest it could remain anchored for years to come . . .

http://www.investmentweek.co.uk/investment-week/news/2348777/market-volatility-hits-pre-crisis-low-but-how-long-can-it-last

The managers of the Ruffer investment trust have added to their Japanese bank holdings, expecting the sector to benefit from a domestic recovery. . .

http://www.investmentweek.co.uk/investment-week/news/2349083/ruffer-why-we-have-doubled-down-on-japanese-banks

Confidence in the UK financial system has hit a post-crisis high despite soaring valuations pointing towards a correction, according to the FT. . .

http://www.investmentweek.co.uk/investment-week/news/2349088/confidence-in-uk-financial-system-highest-since-2008

The Upper Tribunal (Tribunal) has upheld the decision of the Financial Conduct Authority (FCA) that Ian Hannam engaged in two instances of market abuse. . .

http://www.fca.org.uk/news/ian-hannam-guilty-of-market-abuse

The authorities in Mexico have issued arrest warrants for former executives of   Citigroup’s  Mexican subsidiary, Banamex, in an investigation of a $400 million fraud. . .

http://dealbook.nytimes.com/2014/06/01/mexico-issues-arrest-warrants-in-banamex-fraud-inquiry/?_php=true&_type=blogs&_php=true&_type=blogs&module=BlogPost-Title&version=Blog%20Main&contentCollection=Legal/Regulatory&action=Click&pgtype=Blogs&region=Body&_r=1

A missing tool against ‘too big to fail’

http://www.bankofengland.co.uk/publications/Documents/speeches/2014/speech734.pdf

The Committee on Payment and Settlement Systems and the International Organization of Securities Commissions  have published  the first update to the  Level 1 assessments of implementation monitoring for the  Principles for financial market infrastructures (PFMIs) . . .

http://www.bis.org/press/p140528.htm

Osborne likely to use Mansion House speech to announce proposals to subject exchange to same regime as Libor . . .

http://www.theguardian.com/business/2014/jun/02/tougher-oversight-foreign-exchange-market-osborne-libor

The U.S. Labor Department is one regulator that hasn’t immediately fallen into line to give Credit Suisse Group AG a pass following its May 19 guilty plea for helping Americans evade taxes. . . .

http://www.bloomberg.com/news/2014-06-02/credit-suisse-needs-u-s-nod-on-pension-work-after-charge.html