Search Results for: FMA
ASIC sues ANZ for interest rate fixing
March 4th, 2016
ASIC has today commenced legal proceedings in the Federal Court in Melbourne against the Australia and New Zealand Banking Group Limited (ANZ) for unconscionable conduct and market manipulation in relation to the ANZ’s involvement in setting the bank bill ...
Pimco’s $12 Billion Standoff Over Austria Bad Bank
February 17th, 2016
Filings show bond funds bought distressed debt in 2014 German banks have biggest incentive to take Hypo Alpe offer As the health of banks roils markets anew, the last financial crisis is still playing out in Austria, with Pacific Investment Management ...
Morgan Stanley Appoints 156 New Managing Directors
January 26th, 2016
Morgan Stanley (NYSE: MS) has announced the appointment of 156 Managing Directors. The new Managing Directors are: Alex Abagian Juan A. Abril Tobias Åkermark Shotaro Akita Carlos Andrade Michael Asmar Dave Atheis Vanessa Barboni Frederick Barnfield Scott A. Beicke ...
New European Union Legislation on Market Abuse enters into force in 2016
January 5th, 2016
The law on market abuse in relation to the trading of financial instruments within the European Union will be completely overhauled in 2016. With effect from 3 July 2016, the previously applicable Market Abuse Directive (MAD) will be replaced ...
Austria’s finance watchdog orders 12 banks to raise capital buffer
December 22nd, 2015
Austria’s finance watchdog FMA on Tuesday said it ordered 12 Austrian banks to gradually raise their capital buffer by up to 2 percent of risk-weighted assets until the beginning of 2019 to cover systemic risks. Erste Group Bank (ERST.VI), ...
Brokers Warned Not to Steer Clients’ Stock Trades Into Slow Lane
December 15th, 2015
Brokers have been put on notice: treat your customers’ orders as well as you treat your own. The Financial Industry Regulatory Authority, Wall Street’s self-regulator, recently said firms using the fastest, most expansive price databases for their own stock trading must ...
Foreign investors warn China e-trading proposal could sink Stock Connect
November 13th, 2015
Draft rules to curb high-speed trading blamed for China’s summer stock market crash could kill off billions of dollars of investment into China, global banks and investors have told Chinese regulators in a letter. Industry participants who signed off ...
Visa Inc. to Acquire Visa Europe
November 2nd, 2015
Further to the released published today: Visa To Keep UK Presence After BoE Steps In, the company has just announced a definitive agreement for Visa Inc. to acquire Visa Europe. Strategic Acquisition to Create One Global Company That Further Extends Visa’s ...
Fourth and final director sentenced in OPI Pacific Finance case
September 28th, 2015
A former director of OPI Pacific Finance, David Mark Anderson, has today been sentenced in the Auckland High Court for misleading investors. Mr Anderson was sentenced to 300 hours community work and ordered to pay AUD $100,000 in reparation ...
Third director sentenced in OPI Pacific Finance case
September 23rd, 2015
FMA: A former director of OPI Pacific Finance Limited, Craig Robert White, has today been sentenced in the Auckland High Court. Mr White was sentenced to 250 hours community work and ordered to pay AUD $100,000 in reparation to ...
