Search Results for: financial institutions
ASIC implements clearing regime in Australia for OTC derivatives
December 14th, 2015
ASIC has today released rules implementing Australia’s mandatory central clearing regime for over-the-counter (OTC) derivatives of financial institutions – the ASIC Derivative Transaction Rules (Clearing) 2015 (derivative transaction rules (clearing)) and explanatory statement. The mandatory central clearing regime will ...
Morgan Stanley Agrees to Pay $225 Million to Settle NCUA’s Claims
December 11th, 2015
Most Recent Settlement Resolves Cases in New York and Kansas Federal Courts The National Credit Union Administration today announced a settlement with Morgan Stanley for $225 million to resolve claims arising from losses related to corporate credit unions’ purchases ...
Russia’s Biggest Bank Wants To Adopt Blockchain. Not Bitcoin
December 11th, 2015
Sberbank, the biggest bank in Russia might adopt blockchain technology in the future. The bank plans to join the international consortium R3 and develop blockchain based services. However, as in the case of other international big banks, it doesn’t plan to use ...
BGC Partners appoints Managing Director, Head of Swiss offices
December 10th, 2015
BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC,” or “the Company”), a leading global brokerage company servicing the financial and real estate markets, today announced that it has named Yann Le Gallais, Managing Director and Head of BGC’s Swiss offices, based ...
Why Cloud adoption in the Finance Sector is still lagging
December 8th, 2015
Limitations to a consistent regulatory framework and the broad adoption of good practices deters financial institutions from taking advantage of the benefits of cloud computing. Cloud Computing is currently widely used in several sectors, however, its adoption in the ...
Draghi’s dilemma: ECB’s five options to boost the eurozone economy
December 3rd, 2015
The European Central Bank president is poised to take action to tackle inflation in the single currency bloc. Here are some of his options After October’s meeting of the European Central Bank’s governing council, the bank’s president, Mario Draghi, ...
Bitcoin Price Surges by 12%, Setting Weekly High
November 27th, 2015
The price of bitcoin jumped 12% today, setting a weekly high of $368.51 at 12:30 (UTC). According to the CoinDesk USD Bitcoin Price Index (BPI), the digital currency opened the day at $328.98 before increasing $40. The price has shed about $20 from its intra-day peak, trading around ...
Saxo Bank signed partnership with JSC Galt & Taggart
November 25th, 2015
Saxo Bank, the multi-asset trading and investment specialist, today presents its new white label partnership with JSC Galt & Taggart, a wholly owned investment banking subsidiary of Bank of Georgia Holdings PLC listed on the main market of the ...
Citi India is the first to enable SWIFT as a channel for India’s corporate treasurers
November 25th, 2015
Citi is a leading supporter of SWIFT for Corporates, recognising the importance of efficiency and flexibility in corporate access. SWIFT India Domestic Services Pvt Ltd (“SWIFT India”) and Citi India today announced a project to enable SWIFT India as ...
ECB Says Leverage Ratio Makes Banks More Stable
November 24th, 2015
Lenders have raised concerns new standard could prompt them to take more risk, offsetting benefits The European Central Bank said Monday that a leverage ratio requirement may tempt some banks to take more risk, but will still make them ...
