Search Results for: CMA
FCA launches call for input on high-cost credit and overdrafts
November 29th, 2016
Since taking over regulation of consumer credit in April 2014, the FCA has focused on products that it believes pose the highest risks to its consumer protection objective. One area of focus has been high-cost credit, which includes payday ...
CMC reports Net operating income down 4%
November 23rd, 2016
For the six months ended £ million (unless otherwise stated) 30 September 2016 30 September 2015 Change Net operating income 75.5 78.9 (4%) Profit before tax 18.8 26.5 (29%) Earnings per share (pence) 5.1 7.2 (29%) Number of trades ...
Asian Stocks Rise With Won, Mexican Peso on U.S. Election Day
November 8th, 2016
S&P 500 futures slip after gauge snaps nine-day losing streak Industrial metals reverse gains as gold edges higher Asian equities rose with South Korea’s won and the Mexican peso as Americans prepare to vote in their presidential election with ...
Andrew Miskin named first Chair of Association of International Certified Professional Accountants
November 1st, 2016
Tim Christen will serve as initial Vice Chair of Association that will advance public and management accounting globally Andrew Miskin, FCMA, CGMA, has been named the first chair of the Association of International Certified Professional Accountants (the Association), the ...
Online gambling firms under investigation over fears for unfair customers terms and conditions
October 21st, 2016
This follows concerns raised by the Gambling Commission about potential breaches of consumer law, including misleading promotions and unfair terms, being used by firms to block players’ payouts. The Competition and Markets Authority (CMA) is today issuing Information Notices ...
FCA fines Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited £8.2m for Client Money and Assets failings
October 5th, 2016
The Financial Conduct Authority (FCA) has today fined Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited (together Aviva) £8,246,800 for failings in its oversight of its outsourced providers in relation to the protection of client assets. The ...
Asian Stocks Slide as Deutsche Bank Jitters Boost Dollar, Gold
September 30th, 2016
Deutsche Bank sank to record low in U.S., hitting financials Gold advances with sovereign bonds as haven assets favored What’s set to be the best quarter for Asian stocks since 2012 is ending on a sour note as concern about ...
Luxembourg Launches World’s First Green Stock Exchange
September 27th, 2016
Today, less than six weeks before COP22 , the Luxembourg Stock Exchange (LuxSE) becomes the first stock exchange globally to introduce a platform for green financial instruments. Luxembourg Green Exchange (LGX) is for issuers who dedicate 100% of the raised funding to green ...
Cashpoint merger faces in-depth investigation
August 23rd, 2016
Diebold and Wincor face an in-depth merger investigation by the CMA unless the companies offer undertakings to address competition concerns. Diebold, Incorporated (Diebold) and Wincor Nixdorf AG (Wincor) both supply ATMs (cashpoints) to banks and independent ATM deployers. The ...
UK competition watchdog sets out provisional concerns about ICE/Trayport merger
August 17th, 2016
The Competition and Markets Authority (CMA) has provisionally found that ICE’s acquisition of Trayport may give rise to competition concerns. Intercontinental Exchange, Inc. (ICE) is the largest operator of exchanges and clearinghouses in the trading of European utilities. It ...
