News Centre

Arion Bank And Lucinity Join Forces In The Fight Against Money Laundering - Arion Joins A Group Of Global Banks And Financial Technology Companies Using Lucinity's Anti-Money Laundering (AML) Software Solution.

Date 14/11/2022

Arion Bank has announced it will implement Lucinity's technology to help strengthen its defenses against money laundering and contribute to a safer financial system. Lucinity's software solution uses the latest artificial intelligence technology to detect money laundering and make it easier for financial companies to spot and resolve such issues more efficiently.

IOSCO Statement On Financial Reporting And Disclosure During Economic Uncertainty - The International Organization Of Securities Commissions (IOSCO) Emphasizes Issuers’ Need For Fair, Transparent And Timely Disclosure About Impacts Of Economic Uncertainty

Date 14/11/2022

The Board of the International Organization of Securities Commissions (IOSCO) today issued a public statement encouraging issuers, external auditors, as well as audit committees (or those charged with governance) to be particularly vigilant in times of economic uncertainty in their consideration of how risks and uncertainties that could affect or have affected an issuer’s operations, financial condition, cash flows and prospects can be transparently communicated to investors.

Schroders First European Asset Manager To Clear With LCH ForexClear

Date 14/11/2022

• Schroders becomes first European asset manager to clear with LCH ForexClear
• Strong growth recorded across LCH ForexClear services with a record $19.1 trillion cleared in total notional in first nine months of 2022, up 17% year on year
• Q3 2022 sees record quarter for non-deliverable FX client clearing volumes at $140 billion, 146% higher than in Q3 2021
• LCH ForexClear offers expert risk management for FX NDFs, FX Options, FX Spot and FX Swaps & FX Forward Outrights

UK Financial Conduct Authority Obtains High Court Judgment Against Unauthorised Mortgage Brokers

Date 14/11/2022

The FCA has obtained a judgment against London Property Investments (U.K) Limited (LPI), NPI Holdings Limited, their director Daniel Stevens and his father, Tony Stevens, for arranging mortgages without FCA authorisation and exploiting vulnerable customers who were in financial difficulty.

Tricia Lucey ACSI Of Luna Investment Management Appointed As New President Of The CISI Manchester And North West District Branch Committee

Date 14/11/2022

Tricia Lucey ACSI, Business and Compliance Manager at Luna Investment Management, has been appointed as the new President of the Chartered Institute for Securities & Investment Manchester and North West District Branch Committee. Tricia takes over from Rebecca Jones MCSI of BNY Mellon.

Euro Finance Group, Website Operator Of eurofinglobal.com: Suspected Violation Of The Prospectus Requirement

Date 14/11/2022

BaFin has sufficient grounds to suspect that the website operator of eurofinglobal.com, Euro Finance Group, which states that its registered office is in New York, USA, is offering shares of “Porsche AG” to public in Germany without the required prospectus.

Challenge, Convene, Collaborate And Create − Speech By Sir Dave Ramsden, Bank Of England, Deputy Governor, Markets And Banking, Given At Leveraging On Sukuk For Sustainable Finance G20 Presidency Event In Bali, Indonesia

Date 14/11/2022

Dave Ramsden reflects on Islamic finance in the UK, sukuk and how the Bank is supporting the transition to net zero. He also discusses how institutions might contribute to tackling issues such as climate change, using the Bank’s Alternative Liquidity Facility as a case study.

UK Financial Conduct Authority Bans Director From Working In Financial Services After Violent Criminal Conviction

Date 14/11/2022

The Financial Conduct Authority has banned Mr Ashkan Zahedian from working in financial services following his conviction for serious, violent offences, which took place while he was an approved individual. 

FSB Report Considers Financial Policy Challenges In The Wake Of COVID-19

Date 14/11/2022

The Financial Stability Board (FSB) today published a report looking at financial policies in the wake of COVID-19 aimed at supporting equitable recovery and addressing the effects from scarring in the financial sector. The report considers policy challenges, including exit from  COVID-19 policy support measures through, the lens of financial stability and the capacity of the financial system to finance strong and equitable growth.

Quoted Companies Alliance: Quoted Company Optimism Shrinks To Pandemic Levels Amid Political And Economic Turmoil - But Resilient Business Leaders Still Expect To Increase Sales And Headcount In The Coming Year

Date 14/11/2022

OPTIMISM over the UK economy has retreated to its lowest point since the start of the Covid-19 pandemic among small and mid-cap companies, new research for the Quoted Companies Alliance (QCA) has found.