News Centre

Dubai Financial Services Authority Fines United Investment Bank Limited

Date 20/05/2015

​The Dubai Financial Services Authority (DFSA) has imposed a fine of USD 56,000 (AED 205,800) on United Investment Bank Limited (UIB).

“Effective Consumer And Investor Protection Will Need To Be At The Heart Of The CMU” - The Capital Markets Union Is About Attracting Household Savings To Put Them To Work For The Long Term Financing Of The European Economy - EU Commissioner Hill At The Better Finance Conference On The CMU, 6 May 2015

Date 20/05/2015

European companies have been struggling to attract funding as a result of an excessive reliance on diminishing bank financing.

Bank Of England: Minutes Of The Monetary Policy Committee Meeting Held On 7 And 8 May 2015

Date 20/05/2015

• Bank Rate should be maintained at 0.5%;
• The Bank of England should maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion. 

UK's Financial Conduct Authority Bans And Fines Paul Reynolds £290,344 For Misleading And Unsuitable Advice

Date 20/05/2015

The Financial Conduct Authority (FCA) has fined Paul Reynolds (formerly known as Paul Brian Reynolds) £290,344 and banned him from performing any function in relation to regulated activities on the basis that he is not fit and proper because he lacks integrity.

Moscow Exchange: Preliminary Initial Margin Rates For New Securities

Date 20/05/2015

NCC Clearing Bank informs about preliminary risk parameters for new securities to be accepted in margin trading after the securities market release.

Eurex: Weekly Euro Bund Options Successfully Launched - Average Daily Volume Around 9,000 Contracts So Far In May

Date 20/05/2015

The launch of Euro Bund options with weekly expiration dates on the international derivatives market Eurex Exchange (a subsidiary of Deutsche Börse Group) on 20 April 2015 has met with considerable demand. The average daily traded volume since launch has reached more than 8,000 contracts. Open interest peaked above 61,000 contracts. 

HKEx Announces Temporary Holiday Risk Management Arrangements

Date 20/05/2015

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following holiday risk management arrangements.

Thai Transport Minister Promotes Capital Market As Key Fundraising Source For Mega Projects

Date 20/05/2015

Minister of Transport Prajin Juntong today delivered a speech on “Transportation and telecom Infrastructure policy to drive Thai economy,” for investors and the capital market’s executives, emphasizing the Thai capital market’s role as an important source of fund for transportation and telecommunication mega projects of government and private sectors, a powerful engine to further drive Thailand’s economic growth.

Startupbootcamp FinTech London Appoints Liz Lumley As Managing Director - Former Financial Technology Journalist Joins Rapidly Expanding Team Of Global Accelerator

Date 20/05/2015

Startupbootcamp FinTech, the leading accelerator focused on financial innovation and part of the global Startupbootcamp network, announced today that Liz Lumley has been appointed as the new managing director for London. Lumley will be responsible for the running of the accelerator programme in London as part of the rapidly expanding global team.

ICAP’s EBS And BrokerTec Combine Business Operations And Launch New Brand

Date 20/05/2015

EBS BrokerTec, ICAP's market-leading electronic foreign exchange and fixed income business, announces today that six months since EBS and BrokerTec merged divisions under a new management structure it has made significant progress in combining its business operations.