Search Results for: compliance
KPMG: Blockchain Could Be ‘Antidote’ to High Cost of Regulation
March 8th, 2016
As institutional interest in blockchain technology increases with bullish market predictions, professional services firms have been among a new wave of companies seeking to adapt existing products and services for the market. To date, Deloitte and PwC have been perhaps the most aggressive ...
U.S. punishes Chinese tech giant over alleged plan to dodge Iran sanctions
March 8th, 2016
The U.S. government is cracking down on a major Chinese telecom equipment maker over an alleged scheme to dodge sanctions on Iran. The plan by ZTE (ZTCOF) involved setting up several shell companies “to illicitly re-export controlled items to Iran in violation ...
CBOE and Bloomberg Expand Connectivity to CBOE’s PULSe Trader Workstation
March 8th, 2016
Chicago Board Options Exchange® (CBOE®) announced today that it has joined with Bloomberg to establish direct connectivity between CBOE’s PULSe trader workstation® (PULSe) and Bloomberg’s Execution Management System (EMSX), which can be accessed through the Bloomberg Professional service. The linkage between CBOE and ...
CySec suspended the license of a Cyprus Investment Firm
March 7th, 2016
The Cyprus Securities and Exchange Commission (CySec), has announced that: The authorisation of the Cyprus Investment Firm ‘Pegase Capital Ltd’, number 225/14, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets Law of ...
FATCA exceptions agreed by Swiss and US authorities
March 4th, 2016
Accounts held by the lawyers or notaries of clients in Switzerland are now exempt from the United States’ Foreign Account Tax Compliance Act (FATCA) following the signing of an agreement by the countries’ authorities in February. The competent authorities ...
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 ...
Whistleblower says SEC awarded him $750,000 for Nyse tip
March 3rd, 2016
The founder of market data outfit Nanex says that he has been awarded $750,000 for a whistleblowing tip that resulted in the New York Stock Exchange getting slapped with a $5 million SEC fine. In 2012 the Securities and ...
FCA launches ‘Live & Local’: a new regional programme to help local firms engage with regulators
March 2nd, 2016
The Financial Conduct Authority (FCA) has launched ‘Live & Local’, a regional programme which will include a series of events, workshops and roundtables, taking place across 12 regions in the UK. The programme will help firms in the investment, ...
ISDA Publishes Principles for US/EU Trading Platform Recognition
February 26th, 2016
The International Swaps and Derivatives Association, Inc. (ISDA) published a set of principles for achieving comparability determinations between US and European Union (EU) trading platforms. The paper analyzes the regulatory frameworks in the US and EU, with the aim ...
Playtech: Results for the year ended 31 December 2015
February 25th, 2016
Playtech (LSE: PTEC) today announces its full year results for the year ended 31 December 2015, together with a trading update for the period to 22 February 2016. Financial highlights * Adjusted numbers relate to certain non-cash and one-off ...
