Search Results for: European Commission
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 ...
Italy’s main opposition parties call for new currency to flank euro
September 13th, 2017
Italy’s leading opposition parties are calling for the introduction of a parallel currency to the euro, which they say will boost growth and jobs. Three of the country’s four largest parties – the Five Star Movement, the Northern League ...
Europe battles Google News over ‘snippet tax’ proposal
August 7th, 2017
A major battle is brewing in Brussels over an EU reform plan that would force internet aggregators such as Google News to pay newspapers for displaying snippets of their articles online. Google is furious at the reform idea, but ...
Gibraltar Stock Exchange announces a new shareholder
August 4th, 2017
GSX Group Limited, the parent of GSX Limited, which operates the Gibraltar Stock Exchange, has issued a press release to announce a new shareholder, Cyberhub Fintech Holdings Limited. Following the approval of the Gibraltar Financial Services Commission, Cyberhub Fintech ...
CySec fined an executive director of a Cyprus Investment Firm
July 31st, 2017
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform the public that, at its meeting held on 26 June 2017, decided to impose an administrative fine of €10.000 to Mr. Charalambos Kiritsis ...
German automakers might face EU fines after allegations but no global legal threat, analyst says
July 26th, 2017
“I still don’t see a major global legal threat here,” Arndt Ellinghorst, head of global automotive research at Evercore ISI, told CNBC on Tuesday. EU antitrust officials confirmed Saturday they had started investigating allegations of a cartel among a ...
CySec suspends the license of a Cyprus Investment Firm
July 14th, 2017
The Cyprus Securities and Exchange Commission (CySec) announces that the authorisation of the Cyprus Investment Firm OptionRally Financial Services Ltd (‘the Company’), number 220/13, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets ...
Why free trade and open markets in financial services matter; Andrew Bailey, FCA Chief Executive
July 11th, 2017
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has released a speech by Andrew Bailey, Chief Executive of the FCA, at Reuters Newsmaker event. According the release: Note: this ...
NEX SEF Limited went live
July 7th, 2017
NEX Group plc (“NEX”) (NXG.L), a financial technology company at the centre of global markets, announces that its Swap Execution Facility (“SEF”), NEX SEF Limited (“NEX SEF”), went live on 3 July 2017. NEX SEF received approval from the ...
French Regulator proposes ways to reform the functioning of ESMA
June 26th, 2017
Financing, governance, direct powers: in its response to the European Commission’s public consultation on the review of European supervisory authorities, the Autorité des Marchés Financiers has drawn up proposals to strengthen ESMA for the benefit of convergence of supervision ...
