Search Results for: Asic
Australia’s ANZ bank suspends seven traders
November 19th, 2014
ANZ, one of Australia’s biggest banks, has suspended seven traders as part of an inquiry into the potential rigging of key interbank interest rates. The Australian Securities and Investment Commission (ASIC) has been investigating the country’s interbank market since ...
Dollar Climbs With European Stocks as Treasuries Decline
November 19th, 2014
The dollar strengthened to a seven-year high against the yen before the Federal Reserve releases minutes of its last meeting, when it ended a bond-buying program. Treasuries and German bunds declined while stocks rose in Europe and the pound gained. The U.S. currency ...
China Stocks Fall on Last Day Before Link Start as Brokers Drop
November 14th, 2014
Chinese stocks fell on the last trading day before the start of the trading link between Hong Kong and Shanghai amid concern recent rallies were excessive. China Communications Construction Co. (601800) and ChinaCAMC Engineering Co. led declines for industrial companies with losses of more than 3 ...
Central Bank of Ireland imposes fine of €3,500,000 in respect of IT governance failures by Ulster Bank Ireland Limited
November 13th, 2014
The Central Bank of Ireland (the “Central Bank”) has fined Ulster Bank Ireland Limited (the “Firm”) €3,500,000 and reprimanded it in relation to IT and governance failings by the Firm that resulted in approximately 600,000 customers being deprived of ...
AAT Corporation Limited fined for failing to lodge financial reports
November 13th, 2014
Australian public company, AAT Corporation Limited, has been convicted and fined $27,000 for failing to lodge annual and half-yearly financial reports. AAT Corporation Limited was charged by the Australian Securities and Investments Commission (ASIC) after failing to lodge its ...
FINMA sanctions foreign exchange manipulation at UBS
November 12th, 2014
The Swiss Financial Market Supervisory Authority (FINMA) has concluded enforcement proceedings against UBS AG (UBS) regarding foreign exchange trading conducted in Switzerland. FINMA found that over an extended period of time the bank’s employees in Zurich at least attempted ...
The Two New Tools of Monetary Policy
November 12th, 2014
Every basic exposition of how monetary policy is conducted before about 2008 is soon to become obsolete. The three basic monetary policy tools that used to be taught in almost every introductory economics course were changing reserve requirements, changing ...
Protect yourself from a negative outcome
November 7th, 2014
Something bad that overturns our calculations and expectations in life can happen any time. A driver insures his car to be covered in case of an accident. A landlord can also insure his house, his assets. How can, an ...
Trident Investment Management Pty Ltd pays $10,200 penalty
November 6th, 2014
Trident Investment Management Pty Ltd (Trident), the Australian financial services representative for Australian Mutual Holdings Limited (AMH), has paid $10,200 in penalties after ASIC issued an infringement notice for potentially misleading representations made in the promotion of its investment ...
Introduction to Trading Systems – Part II
November 6th, 2014
Introduction to Trading Systems – Part II – Moving Average Crossover System In this article I introduce the moving average which is by far the most popular indicator used by traders to identify trends and develop a simple and ...
