Search Results for: financial institutions
Guidelines on hacking risks associated with internet trading in financial markets
October 30th, 2017
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) recognise the need for effective cybersecurity management as cyber risk poses an increasingly significant threat to the integrity, efficiency and soundness of financial markets worldwide. Over ...
On anniversary of the global financial crisis, ACCA warns of new ethical risks
August 10th, 2017
On the tenth anniversary of the global financial crisis, ACCA (the Association of Chartered Certified Accountants) warns that business cannot afford to be complacent about the importance of ethics. John Williams, Head of ACCA UK, says, ‘The financial crisis was ...
FCA outlines proposals to extend the Senior Managers and Certification Regime to all financial services firms
July 28th, 2017
In October 2015, HM Treasury announced its intention to extend the Senior Managers and Certification Regime (SM&CR) to all sectors of the financial services industry. The Financial Conduct Authority (FCA) has published proposals to extend the SM&CR to almost ...
Why free trade and open markets in financial services matter; Andrew Bailey, FCA Chief Executive
July 11th, 2017
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has released a speech by Andrew Bailey, Chief Executive of the FCA, at Reuters Newsmaker event. According the release: Note: this ...
Financial Penalties Imposed on Credit Suisse and UOB for 1MDB-Related Transactions
May 30th, 2017
The Monetary Authority of Singapore (MAS) announced today that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date. In its latest regulatory actions, MAS has imposed financial penalties on Credit Suisse and United Overseas ...
The Spanish Regulator warns for unregistered financial services providers
May 24th, 2017
The National Securities Market Commission (CNMV) has issued a warning to inform investors and public on the following entities: FIRST INVESTMENTS CAPITAL MARKETS WWW.FIRSTINVESTMENTSCAPITALMARKETS.COM WWW.FIRST-UNION-ESP.COM WWW.TOROPTION.COM/ES DGX SYSTEM LTD WWW.OPTIONCM.COM DGX SYSTEMS LTD (PRIME FX BANK / PFXBANK) WWW.PFXBANK.COM WWW.PFX-BANK.COM ...
Germany’s Bafin talking with financial firms on move to Frankfurt amid Brexit
May 9th, 2017
German financial regulator BaFin said that the watchdog was in talks with a number of financial institutions applying for licenses in Germany in light of Great Britain’s decision to leave the European Union. Raimund Roeseler, who oversees banking regulation ...
Financial sector breaches skyrocket in 2016
April 29th, 2017
More than 200 million financial services records were breached in 2016, representing a 937% percent increase over the previous year, according to data from IBM. The monetary gains associated with corporate and customer data available throughout the financial sector ...
HMRC launch criminal investigation into global financial institution
April 7th, 2017
HMRC, alongside our international partners, launched an investigation for suspected tax evasion and money laundering by a global financial institution. HM Revenue and Customs is getting increasingly tougher on offshore tax evasion, collecting more than £2.7 billion since 2010. Yesterday, ...
Numerix Acquires TFG Financial Systems
March 9th, 2017
Numerix, the leader in risk technology today announces the acquisition of TFG Financial Systems, the only real-time risk, P&L and position management system in the industry. TFG’s dependency graph capabilities, at the heart of its SaaS risk and portfolio ...
