An eye-catching story broke last week around the ongoing regulatory crackdown on instant messaging misconduct across the financial services industry. After several years of the Securities and Exchange Commission – among other regulators – imposing hefty fines on financial institutions for failing to preserve work texts sent by employees on messaging apps, it appears several large hedge funds and private equity firms are beginning to launch a sort of counteroffensive against the regulator.

If Nvidia’s unprecedented growth is anything to go by, the future looks more than bright for AI. Heralded as the ‘most important stock’ on planet Earth by Goldman Sachs’ trading desk, the chipmaker last week revealed stunning financial results that exceeded even the most optimistic expectations.

Leading City compliance professionals have been bombarded with reasons to enhance their employee communications surveillance capabilities over recent months, with fresh headlines making the case on an almost daily basis.

We couldn’t even reach Shrove Tuesday this year before news of another significant round of messaging-related penalties hit the headlines. The Securities and Exchange Commission (SEC) handed out $81m worth of penalties to 16 financial institutions.