News Centre

Comment On UK's Serious Fraud Office Opening Probe Into Foreign Exchange Market By Warwick Business School Dean, Professor Mark Taylor

Date 21/07/2014

Commenting on the Serious Fraud Office opening a probe into the foreign exchange market Warwick Business School Dean, Professor Mark Taylor, said: “It is imperative that the integrity and reputation of financial markets and the City of London in particular is kept in tact, so this is a welcome move by the Serious Fraud Office.

Q2 2014: Bonds Quarterly Statistics - The Latest Issue Of The "Bonds Quarterly Statistics" Report Looks At The Performance Of SIX Swiss Exchange's Bonds Segment In Q2 2014

Date 21/07/2014

Today, SIX Swiss Exchange published the latest edition of its Bonds Quarterly Statistics report[PDF]. In the second quarter 2014, turnover in the CHF bonds segment amounted to CHF 41.4 billion. This corresponds to an increase of 0.8% over the previous quarter. Compared to the same quarter in the previous year, the increase even amounts to 6.6%, despite a decline of transactions by -8.4% (to 124'614).

EGX Chairman Issues Decision No. 205 To Extend The Trading Hours To Be 4 & Half Hours - Discovery Session To Be From 9.30 To 10.00 Starting 7th Of August 2014 - Unifying Price Limits To Be 10% For The Main Market And 5% For NILEX In Both The Discovery Session And Trading Session

Date 21/07/2014

EGX Chairman, Dr. Mohamed Omran, issued decision no. 205 for year 2014 regarding the guidelines of the discovery session. The session will be launched on the 7th of August whereby it will be executed on daily basis before the trading session by half an hour in order to determine the opening price that reflects any modification took place since the closing of the previous day trading session.

Monetary Authority Of Singapore Proposes Stronger Safeguards For Investors

Date 21/07/2014

The Monetary Authority of Singapore (MAS) today released a consultation paper on proposals to enhance its regulatory framework for safeguarding investors’ interests. The key changes are as follows:

• extend to investors in non-conventional investment products the current regulatory safeguards available to investors in capital markets;
• require all investment products to be rated for complexity and risks, and for these ratings to be disclosed to investors; and
• provide accredited investors (AI1) the option to benefit from the full range of capital markets regulatory safeguards that are applicable for retail investors. 

EGX Cancels Some Precautionary Measures

Date 21/07/2014

In accordance to the developments taking place in the Egyptian stock market, market stability and trading rates returning to its normal levels, the Egyptian Stock Exchange (EGX) decided (after coordinating with EFSA) to cancel some precautionary measures that were adopted after the revolution of January 2011. The market will be back to Price Discovery Session starting from August 7, 2014.  Price limits for the main market will be10% and NILEX 5%.

Thomson Reuters Expands Access To Dubai Mercantile Exchange Via Thomson Reuters Eikon - Customers Of Thomson Reuters Flagship Financial Markets Desktop Can Now Access The DME Via CME Direct Integration In Eikon

Date 21/07/2014

Customers of Thomson Reuters Eikon can now access the Dubai Mercantile Exchange (DME), the premier energy futures and commodities exchange in the Middle East. This announcement follows an earlier announced agreement between Thomson Reuters and CME Group, DME’s majority shareholder.

UK's Financial Conduct Authority Publishes Results Of Thematic Reviews Into Enhanced Transfer Values And SIPP Operators

Date 21/07/2014

• ETV thematic review identifies risk of customers losing out on retirement income due to poor advice
• Thematic review into SIPP operators finds some firms still failing to fulfil regulatory obligations

ESMA Issues Updated Q&A On The Application Of The Alternative Investment Managers Directive (AIFMD)

Date 21/07/2014

The European Securities and Markets Authority (ESMA) published today an update of its Questions & Answers (Q&A) document on the application of the Alternative Investment Managers Directive (AIFMD).

UK's Serious Fraud Office Forex Investigation

Date 21/07/2014

The Director of the Serious Fraud Office has today opened a criminal investigation into allegations of fraudulent conduct in the foreign exchange market.

UK's Financial Conduct Authority: CP14/11 - Retirement Reforms And The Guidance Guarantee

Date 21/07/2014

Our consultation paper should be read alongside the Government response to their consultation, Freedom and Choice in Pensions, giving more detail on the Guidance Service that will help people make retirement income decisions.