Search Results for: EC
SEC Staff Issues Guidance Update and Investor Bulletin on Robo-Advisers
February 25th, 2017
The Securities and Exchange Commission today published information and guidance for investors and the financial services industry on the fast-growing use of robo-advisers, which are registered investment advisers that use computer algorithms to provide investment advisory services online with ...
ASIC reports on corporate finance regulation July to December 2016
February 24th, 2017
ASIC has today published its sixth report on the regulation of corporate finance issues in Australia. The report, which covers the period July to December 2016, provides companies and their advisers with insights into ASIC’s regulatory approach in the ...
Two Samsung execs stand down amid a corruption scandal that led to boss Jay Y. Lee’s arrest
February 24th, 2017
Two senior Samsung executives have offered to resign, taking responsibility for the mobile phone giant’s involvement in a scandal involving South Korean President Park Geun-hye. According to a report by Yonhap news agency, Vice Chairman Choi Gee-sung and President ...
Wrexham Glyndwr University launches UK’s first undergraduate degree in FinTech
February 24th, 2017
US investment bankers and professionals from the Asia business world are backing the UK’s first undergraduate degree dedicated to the world of Financial Technology. Senior Vice Presidents at multi-billion dollar American investment firms Franklin Templeton and State Street have ...
CySec fined €63.000 a Cyprus Investment Firm
February 23rd, 2017
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors that, at its meeting held on January 23, 2017, decided to impose a total administrative fine of €63.000 on the CIF PriorFx ...
FCA and OSC sign Co-operation Agreement to support FinTech business
February 23rd, 2017
Under a new Co-operation Agreement (Agreement), innovative FinTech businesses in Ontario and the United Kingdom will be able to seek support from their financial regulators as they seek to operate in the other’s market. Signed this week, the Agreement ...
Playtech reports revenues up 12% for year 2016 vs 2015
February 23rd, 2017
Playtech (LSE: PTEC) today announces its results for the year ended 31 December 2016, together with a trading update for the period to 20 February 2017. Group financial highlights · Total revenues up 12% vs 2015 on a reported ...
DFSA Signs MoU with European Securities and Markets Authority
February 23rd, 2017
The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in The European Union’s Market Infrastructure ...
Unusual: The goverment of this country complains that it is collecting too much tax
February 23rd, 2017
Sweden’s government has an unusual complaint — it is collecting too much tax. Negative rates of interest have made a number of the world’s highest taxes lots much less painful as companies and people race at hand money to ...
European v US investment banks: Tectonic shifts
February 22nd, 2017
Much of the sector is in dire straits – partly because of previous efforts to compete globally. As investment banks, the Europeans are not even winning on their home turf. JPMorgan’s investment-banking revenue market share for Europe, Middle East ...
