Search Results for: UK FCA
BaFin plans to limit CFD trading
December 9th, 2016
Following the proposal by FCA UK for limiting leverage on Forex and CFDs, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has issued an announcement to inform that the Authority intends to limit the marketing, distribution ...
SETL and Deloitte joined forces to produce a contactless payments card
November 15th, 2016
London-based fintech company SETL and global auditing firm Deloitte DLTE.UL have joined forces to produce a contactless card that enables retail payments to be processed and settled almost instantly by the means of blockchain technology. The payment card, which ...
Playtech buys CHF for $120m
November 14th, 2016
Playtech (LSE: PTEC) today announces it has agreed to acquire Consolidated Financial Holdings A/S (“CFH”), a technology company with products including a leading Straight Through Processing (“STP”) brokerage which provides retail brokers with multi-asset execution, prime brokerage services, liquidity ...
Former Equity Portfolio Manager at BlackRock pleads guilty to insider dealing
November 3rd, 2016
Mark Lyttleton, a former Equity Portfolio Manager at BlackRock, has today pleaded guilty to two counts of insider dealing. He will be sentenced on 21 December 2016. Mr Lyttleton admitted dealing on the basis of insider information he obtained ...
Fixed FX? Now for the rest of the front office
October 16th, 2016
The forex fines were big headlines back in 2014. Since then, the FCA, and firms themselves, have done a huge amount to fix ineffective controls and ensure that FX traders couldn’t behave in a way that would damage the ...
Payday firm CFO Lending to pay £34 million redress
September 20th, 2016
Payday firm, CFO Lending, has entered into an agreement with the Financial Conduct Authority (FCA) to provide over £34 million of redress to more than 97,000 customers for unfair practices. The redress consists of £31.9 million written-off customers’ outstanding ...
EuroFX: How British Firms Built a Pyramid Scheme in China That Lost Millions
August 19th, 2016
The foreign exchange fraudsters hid in the cracks between international jurisdictions. As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. Byrne, 52, is a British ...
EU mergers and takeovers
August 2nd, 2016
Aug 2 The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS — Sony Corp to buy out the Michael Jackson estate’s stake in its music publishing ...
Regulators from around the world issued warnings for unauthorised financial services companies
July 21st, 2016
The Financial Conduct Authority (FCA) of UK, the Central Bank of Ireland, the Sweden’s regulator Finansinspektionen, the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg, the Swiss Financial Market Supervisory Authority (FINMA), the Spanish Comisión Nacional del Mercado ...
FRC to investigate KPMG over HBOS audit
June 29th, 2016
The Financial Reporting Council (FRC) has announced it will be holding an investigation under the accountancy scheme into the conduct of KPMG’s audit of HBOS for the year ended 31 December 2007, after coming under severe criticism for failing ...
