Search Results for: regulators
Algorithmic Trades May Fall Under FCA’s Conduct Rules
July 9th, 2015
Bankers responsible for the algorithms that power high-speed trading may come under increased scrutiny as the U.K.’s Financial Conduct Authority considers expanding its conduct rules to wholesale market activities. People who manage trading algorithms as well as those who can approve ...
Greece is bad but this is worse. The Chinese stock market
July 9th, 2015
The twin fears of China and Greece will hang over markets Thursday with China increasingly the bigger concern. “There’s definitely an issue if we see a further correction in the Chinese stock market,” said Russ Koesterich, BlackRock’s chief investment ...
Westpac VC invests in Bitcoin player Coinbase
July 8th, 2015
In a deal that will put Westpac Banking Corp in the box seat as cryptocurrencies develop, the bank’s venture capital fund, Reinventure Group, has invested in Coinbase, one of the world’s pre-eminent Bitcoin companies. In the first deal involving ...
China Freezes Trading in 1,300 Companies, Locking Up 40% of Market Cap
July 8th, 2015
A wave of Chinese companies halted trading in their shares and regulators unveiled new measures to prop up the value of small-cap stocks in the latest attempts to stem a rout that’s wiped more than $3.5 trillion of value. ...
Chinese shares fall another 8% despite more measures
July 8th, 2015
Mainland Chinese shares continued to slide on Wednesday, falling more than 8% on opening. The slump came despite more moves by China’s regulators to try and stabilise the recently volatile market. The Shanghai Composite had recovered some losses by ...
Statement by Glenn Stevens, Governor: Monetary Policy Decision
July 7th, 2015
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. This ...
China stocks volatile after Beijing acts to avoid crash
July 6th, 2015
China stocks remained volatile on Monday, despite a series of dramatic steps by officials over the weekend designed to support markets. After opening with a gain of roughly 7%, the benchmark Shanghai Composite was trading 2.2% higher on Monday. ...
Codename Citicoin: Banking giant built three internal blockchains to test Bitcoin technology
July 3rd, 2015
Citigroup, the global advisor of multi-nationals and governments, has been using its scale and reach in some surprising ways, such as conducting transactions on mobiles without bank accounts in Kenya, and developing blockchains within the bank and test-coins to ...
Citigroup, HSBC Among Banks Named in Brazil Currency Probe
July 3rd, 2015
Citigroup Inc., Morgan Stanley, HSBC Holdings Plc and 12 other banks are being investigated for currency manipulation by Brazil’s antitrust agency after similar probes in the U.S. and Europe led to penalties of more than $10 billion. Cade, as ...
Study: Penalties Levied by Financial Watchdogs Spiked in 2014
July 2nd, 2015
Financial regulators in the United States, United Kingdom, and Hong Kong have decreased their agency expenditures but increased the penalties they’ve levied, according to a new report by regulatory, compliance, and risk consultancy Kinetic Partners. The study, Global Enforcement ...
