Search Results for: banks
FCA proposes new measures to maintain firms’ focus on culture
September 29th, 2016
The Financial Conduct Authority (FCA) will mark six months since the implementation of the Senior Managers’ and Certification Regime by providing feedback on implementation so far and proposing measures to further strengthen the regime. The proposed rules will reinforce ...
Saudi riyal falls in forwards mkt after U.S. Congress vote
September 29th, 2016
The Saudi riyal fell moderately against the U.S. dollar in the forwards market on Thursday after the U.S. Congress voted to allow relatives of victims of the Sept. 11 attacks to sue Saudi Arabia. The Senate and House of ...
European Parliament Begins Panama Papers Inquiry
September 29th, 2016
The European Parliament has begun its inquiry into the Panama Papers with a hearing with the investigative journalists behind the leak. The European Parliament’s Committee of Inquiry into Money Laundering, Tax Avoidance, and Tax Evasion (PANA) held its first ...
CFTC Expands Interest Rate Swap Clearing Requirement
September 29th, 2016
The U.S. Commodity Futures Trading Commission (Commission) today expanded the existing clearing requirement for interest rate swaps. The Commission voted unanimously to approve an amendment to Commission regulation 50.4(a) that establishes a new clearing requirement determination. The new clearing ...
What Blows Up First, Part 3: Really, Deutsche Bank?
September 28th, 2016
Calling Wall Street’s banks stupid and dangerous is like calling the sun “big and warm.” It’s a clear understatement of an obvious fact. The same goes for calling Japan and China economically clueless. Their actions pretty much guarantee that ...
Computop and PayU Partner to Deliver Payment Solutions for Emerging Global Markets
September 28th, 2016
Computop, a leading payment service provider (PSP), and PayU, a leading payment service provider in emerging markets, today announced a partnership that provides retailers with payment solutions for high growth markets around the world. 90 percent of the global ...
Bitcoin-Inspired Technology Starts to Reshape Currency Markets
September 27th, 2016
Product likely to lower the costs of cross-border transactions Bitcoin-inspired ledger technology is taking its first steps in foreign-exchange markets. Companies that provide payments systems to banks are unveiling products that use distributed ledgers to lower the costs of ...
LMAX Exchange expands in the US with the launch of a New York-based exchange
September 27th, 2016
LMAX Exchange, the leading MTF for FX, today announced the expansion of its global infrastructure with the launch of its North American matching engine in the Equinix International Business Exchange™ (IBX®) data centre in New York (NY4). The LMAX ...
Deutsche Bank Shares Drop on Fears of Capital Raising
September 27th, 2016
Intensifying concerns about Deutsche Bank AG’s financial health caused its shares to drop Monday and pushed the company into the awkward position of publicly denying that it had sought help from the German government. Shares of Deutsche Bank, one of the ...
Iran to introduce credit cards for the first time
September 26th, 2016
The Central Bank of Iran allowed the country’s financial institutions to issue credit cards for the first time in Iran’s history, however the cards are unlikely to be issued soon, local ISNA news agency reported, citing the Central Bank ...
