Search Results for: UBS Group
SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investors
September 26th, 2017
The Securities and Exchange Commission (SEC) announced two new initiatives that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail investors. The creation of a Cyber Unit that will focus on targeting cyber-related ...
Merrill Lynch to pay millions for supervision failures
September 25th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Merrill, Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), a registered Futures Commission Merchant, for failing to supervise its employees’ and agents’ handling ...
OTC Clear Welcomes BNP as its First Clearing Member from France
September 19th, 2017
OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that was set up in 2013 to provide clearing services for over-the-counter, or OTC, derivatives, welcomes BNP Paribas (BNP) as 17th clearing ...
Supervisory authorities around the world warn for unauthorised financial services entities
September 18th, 2017
The supervisory authorities of Australia (Australian Securities and Investment Commission- ASIC), United Kingdom (Financial Conduct Authority – FCA), Hong Kong (Securities and Futures Commission – SFC), Belgium (Financial Services and Markets Authority – FSMA), Denmark (Danish Financial Supervisory Authority ...
Twitter rival Gab sues Google
September 18th, 2017
Gab, a Twitter rival popular with the Breitbart crowd, is suing Google. The lawsuit, filed in Pennsylvania federal court on Thursday, argues that Google violated antitrust laws when it rejected Gab’s app from its Android app store. Gab says ...
European Commission welcome digital taxation proposal
September 12th, 2017
The European Commission has today welcomed a joint proposal from the so-called Big Four member states – France, Germany, Italy and Spain – on the taxation of large digital companies. The Irish Government is, however, expected to express caution ...
China is starting to roll back measures meant to prop up its currency
September 11th, 2017
China is starting to roll back measures meant to prop up its currency after a recent surge in the yuan erased all of last year’s losses. Starting today, the central bank has scrapped a reserve requirement rule on trades ...
Moscow Exchange launches FX fixing instruments
September 6th, 2017
From 4 September 2017, Moscow Exchange has offered instruments to trade at the MOEX FX USD/RUB and EUR/RUB fixing prices with clearing and settlement via its clearinghouse, NCC Clearing Bank. Russian banks including subsidiaries of large global financial groups ...
Lego to axe 1,400 jobs
September 6th, 2017
Lego is to cut 1,400 jobs before the end of the year in a bid to scale back the 85-year-old business after suffering its first drop in sales in more than a decade. The Danish toymaker said it was ...
Paysafe completes acquisition of Merchants’ Choice Payment Solutions
August 24th, 2017
Paysafe Group plc (LSE: PAYS.L, “Paysafe” or the “Group”), a leading global provider of payment solutions, announces today that it has completed the previously announced acquisition of substantially all the assets of Delta Card Services Inc., the holding company ...
