Search Results for: regulators
Investors warn on crisis plan for derivatives
October 9th, 2014
Institutional investors and pension funds have warned they may resist a plan by the world’s biggest banks to rewrite their derivatives contracts as part of reforms aimed at preventing a failing institution from destabilising global markets. More than 90 ...
Sanctions force another company out of Russia’s oil boom
October 9th, 2014
Western sanctions against Russia have led Royal Dutch Shell to discontinue its work with Gazprom Neft extracting shale oil from a field in Siberia. In announcing Shell’s suspension on its website, Gazprom Neft, part of the Kremlin-run gas monopoly ...
HSBC boss Alan Thomson quits and bankers mutiny over jail threat
October 8th, 2014
Top bankers are quitting the industry in protest at new rules which mean senior staff in failed banks could face jail unless they prove themselves innocent, with one HSBC boss leaving and another threatening to go yesterday. Their actions ...
U.S. Said to Ready Charges Against Banks in Forex Rigging
October 8th, 2014
U.S. prosecutors are pressing to bring charges against a bank for currency-rate rigging by the end of the year, and actions against individuals will probably follow in 2015, according to people familiar with the probe. While federal prosecutors have ...
Banks to change rules governing derivatives market
October 8th, 2014
The world’s biggest banks have agreed to change rules that govern the $700 trillion derivatives market, the Financial Times reported. Eighteen banks, ranging from Credit Suisse Group AG (CSGN.VX) to Goldman Sachs Group Inc (GS.N), have agreed to give ...
Russia debt freeze is lesson for Hong Kong
October 2nd, 2014
Beyond a few wobbles, global markets have proved remarkably indifferent this year to political risks – whether Russia’s incursions into Ukraine, Iraq’s descent into chaos or democracy protests in Hong Kong, which have this week tested China, the world’s ...
IOSCO Launches Second Securities Markets Risk Outlook
October 2nd, 2014
The International Organization of Securities Commissions (IOSCO) has published the IOSCO Securities Markets Risk Outlook 2014-2015, a forward-looking report focusing narrowly on issues relevant to securities markets and whether these may be, or could become, a threat to the ...
OANDA partners with Australian CFD Forum
September 26th, 2014
OANDA, a global provider of innovative foreign exchange FX and contract for difference (CFD) trading services , has officially joined the Australian CFD Forum, an industry body that is committed to enhancing the efficient operation, transparency, and overall investor ...
Citizens Financial’s Offering Raises $3 Billion as It Parts From R.B.S.
September 24th, 2014
After 26 years within the Royal Bank of Scotland, the Citizens Financial Group, the American retail bank, is setting off on its own. The bank raised $3 billion in its initial public offering on Tuesday, valuing itself at $12.9 ...
Currency trader of Deutsche Bank was dismissed for irregularities
September 22nd, 2014
A Deutsche Bank AG (DBK) currency trader was dismissed earlier this year after internal checks uncovered irregularities around how he recorded trades, the bank said. Andy Donaldson was suspended in June and dismissed shortly after, Sydney-based Adrian Cox, a ...
