News Centre

UK’s Financial Services Authority Fines Sun Life Assurance Company Of Canada (UK) Limited £600,000 For With-Profits Governance Failings

Date 18/10/2012

The Financial Services Authority (FSA) has fined Sun Life Assurance Company of Canada (UK) Limited (SLOC UK) £600,000 for failings in the governance of its with-profits business. The design and operation of SLOC UK’s governance arrangements were unclear and inadequate, resulting in a high risk that policyholders’ interests would not be protected properly.

UK Parliamentary Commission On Banking Standards Questions Paul Volcker

Date 18/10/2012

Commenting on the appearance of Mr Volcker before the Commission, the Chairman of the PCBS, Andrew Tyrie MP, said: 

"The UK and America are world leaders in financial services. Public trust in banks plummeted as a result of the banking crisis in both these countries."

EDHEC-Risk Alternative Indexes: Hedge Funds Continue To Progress In September

Date 18/10/2012

In September, stocks maintained their uptrend (S&P 500: 2.58%), with implied volatility near historical lows (VIX: 15.7%). High-grade bonds fell slightly (Lehman Global: -0.31%, Lehman US: -0.18%), while riskier fixed-income instruments strengthened significantly (Convertibles: 1.81%, Credit-Spread Index: 1.00%). Commodities retreated after two strongly positive months (-1.38%), and the dollar downtrend persisted (-1.17%).

Capital Partners Group (CPG) Chooses Qube To Host And Operate New Trading Venue - Quote Mtf’s Venue Outsourcing Service To Power Spain-X, A New Spanish Trading Venue

Date 18/10/2012

Capital Partners Group “CPG” (www.Capital-Partners.co.uk), an FSA regulated  Investment Bank, today announced that it has reached an agreement to partner with Quote MTF (www.quotemtf.com), the stock exchange operator, to enter the Spanish trading market.    The new  venue,  Spain-X MTF (Spain-X.com), will utilise Qube, Quote MTF’s hosting solution.

Osaka Securities Exchange Notice On Revision Of Earnings Forecast

Date 18/10/2012

Osaka Securities Exchange Co., Ltd. (OSE) announces that OSE’s earnings forecast for the fiscal year ending March 31, 2013, which had been announced on April 24, 2012, was revised as follows.

Please refer to the following file for more details.

• Notice on Revision of Earnings Forecast

Japan's Financial Services Agency: Publication Of The English Version Of The Basic Policy And Plan For Financial Inspections In Program Year 2012

Date 18/10/2012

The FSA published today the English version of the Basic Policy and Plan for Financial Inspections in Program Year (PY) 2012.

New Zealand's Financial Markets Authority Grants Auditor Licensing Accreditation To CPA Australia

Date 18/10/2012

The Financial Markets Authority has today accredited accounting body CPA Australia to license auditors who carry out issuer audits in New Zealand.

BondDesk Chairman Howard Edelstein Adds CEO Role As Part Of Management Realignment - Company Aligns Leadership Around Two Primary Business Opportunities

Date 18/10/2012

The Board of Directors of BondDesk Group LLC announced today that longtime financial technology leader and innovator Howard Edelstein will become the company’s CEO, effective immediately. Edelstein, an Operating Partner at Advent International Corporation, a major BondDesk investor, will assume the CEO position while maintaining his current role as Chairman.  As CEO, Edelstein replaces Kim Bang, who will leave the company.

‘Flash Crash’ Reforms Will Fail To Make Markets Safer, Study Claims - Finance Academics Call For “Liquidity Safety Valves” To Prevent Stock Market Turmoil

Date 18/10/2012

US ‘flash crash’ reforms will fail to avert another market meltdown unless they are coupled with new “liquidity-based circuit breakers”, researchers claim.

NASDAQ OMX Corporate Solutions Clients Awarded Gold and Silver in 'Best Online Newsroom' at the Digital Impact Awards

Date 17/10/2012

Two NASDAQ OMX Corporate Solutions (Nasdaq:NDAQ) clients have been awarded Gold and Silver in the 'Best Online Newsroom' category at Europe's prestigious Digital Impact Awards. After being named finalists in September, Honda (UK) was awarded Gold and Heathrow Airport was awarded Silver for demonstrating best practice examples of digital stakeholder communications.