Search Results for: regulators
FCA imposed £1.47bn in fines in 2014 with UBS and Citibank among worst offenders
June 17th, 2015
The Financial Conduct Authority (FCA) imposed £1.47bn (€2.04bn, $2.3bn) in fines on companies in 2014, a rise of 68% from the year before, according to a study by Kinetic Partners. The study showed the average fine imposed on businesses ...
Noble Group Denies Repos Use, Slams Iceberg as Not Credible
June 17th, 2015
Asia’s largest commodity trader Noble Group Ltd. took on its critics today with an open letter defending its accounting methods and valuations of a coal asset. Noble has seen its shares drop more than 40 percent since a group ...
Interactive Data to Provide Evaluated Pricing Data to Liquidnet’s Fixed Income Dark Pool
June 16th, 2015
Interactive Data has issued a press release to inform that: Will provide Evaluated Pricing Data to Liquidnet’s Fixed Income Dark Pool to Better Support Best Execution Objectives Continuous Fixed Income Evaluated Pricing Will Provide Liquidnet’s Platform Participants with Pre-Trade Transparency and ...
BoE: Fair and Effective Markets Review Releases Final Report
June 11th, 2015
Bank of England – The Fair and Effective Markets Review today published its Final Report, which sets out 21 recommendations to help restore trust in the wholesale Fixed Income, Currency and Commodity (FICC) markets. The Review was established by the ...
FIA Global Launches Interactive Reporting Tool on CCP Risk
June 10th, 2015
FIA Global, in cooperation with the law firms Linklaters and Milbank, Tweed, Hadley & McCloy, announced an interactive tool to compare and assess the rules of central counterparties (CCPs) within the CCP Risk Review. The CCP Risk Review is a ...
Germany, France Targeted as EU Chases Tax-Loophole Data
June 9th, 2015
The European Union stepped up a probe into tax loopholes for multinational companies, demanding details of specific agreements in 15 nations including euro-area heavyweights Germany, France and Italy. Regulators also issued an ultimatum to Poland and Estonia for failing ...
Nasdaq To Provide Clearing Choice In Nordic Cash Equity Markets
June 8th, 2015
Nasdaq announced it will provide a choice of CCP providers in Nordic cash equities for its members on Nasdaq exchanges in Stockholm, Helsinki and Copenhagen. Nasdaq and SIX Swiss Exchange have agreed to introduce additional CCPs to their local markets. ...
ASC Investor Alert: Unregistered binary option platforms target Edmonton area
June 5th, 2015
The Alberta Securities Commission (ASC) is warning Alberta investors of several unregistered binary option companies promoting online trading platforms (via their websites) that are currently soliciting Albertans, specifically in Edmonton and surrounding areas. The ASC has recently received multiple ...
Justice Department Readies New Bank Settlements
June 5th, 2015
Federal and state officials are preparing the next round of billion-dollar mortgage settlements involving U.S. and European banks Up to nine banks are in line for the next round of billion-dollar payments related to soured mortgages as federal and ...
Investors Start To Panic As A Global Bond Market Crash Begins
June 4th, 2015
Is the financial collapse that so many are expecting in the second half of 2015 already starting? Many have believed that we would see bonds crash before the stock market crashes, and that is precisely what is happening right ...
