News Centre

UK Financial Conduct Authority Commences Criminal Proceedings Against Two For Insider Dealing

Date 11/02/2021

The Financial Conduct Authority (FCA) has commenced a criminal prosecution against Stuart Bayes and Jonathan Swann for insider dealing.  

BIS: Do Macroprudential Policies Affect Non-Bank Financial Intermediation?

Date 11/02/2021

Summary

Focus

The Great Financial Crisis (GFC) of 2007–09 has highlighted the limits of traditional policies in addressing the potential negative effects of credit and asset price cycles on financial stability. In response, central banks and regulators have increasingly relied on long-advocated macroprudential policies (MaPs). Together with various other post-GFC reforms, including the Basel III framework and closer supervisory oversight, MaPs have increased the resilience of banking systems around the world. However, two factors may limit the efficacy of MaPs for overall financial stability: the growth of a less regulated non-bank financial intermediation (NBFI) sector; and the possible presence of spillover effects across jurisdictions.

SEC Suspends Trading In Inactive Issuer Touted On Social Media

Date 11/02/2021

The Securities and Exchange Commission today suspended trading in an inactive company amid questions surrounding online promotion of the company’s securities and recent trading activity.

Nasdaq, CBOE And NYSE Sue SEC To Block Market Data Review

Date 11/02/2021

Nasdaq, CBOE Global Markets and the New York Stock Exchange have  sued the Securities and Exchange Commission (SEC), seeking to block the SEC's plan  to overhaul public data feeds that broadcast stock prices to investors, according to court records.

BasisBank Partners With Backbase To Deliver Hyper-Personalized Experiences To Retail & SME Customers - Leading Georgian Bank Will Adopt Backbase’s Engagement Banking Platform To Disrupt Local Market By Scaling Up Its Innovation Capabilities

Date 11/02/2021

Leading Georgian bank BasisBank announces today its partnership with banking technology provider Backbase to power its digital transformation and deliver hyper-personalized experiences to Retail and SME customers. Backbase’s world-leading Engagement Banking platform will enable BasisBank to expand its retail banking offering by providing unique mobile experiences to its customers – all while enhancing its ability to innovate at speed and scale.    

Utopia Genesis Foundation Appoints Rick Heffernan As Head Of Business Development

Date 11/02/2021

Utopia Genesis Foundation, the organization formed to support the development of an open platform for the music industry, announced today that Rick Heffernan has been appointed as the Foundation’s Head of Business Development, effective February 1st, 2021. Mr. Heffernan, with over 18 years of music industry experience, will join a diverse and passionate group of talented professionals working towards achieving transparency and creativity in a new framework.

Former HSBC Innovation Executive Diana Biggs Joins Valour As Chief Executive Officer

Date 11/02/2021

Valour, the Swiss-based issuer of investment products that provide exposure to innovative technologies, today announced the appointment of former HSBC Private Banking Global Head of Innovation, Diana Biggs, as CEO.

Horizon Congratulates SSI For Winning The Best Awards Under The 31st Annual Asiamoney Brokers Poll

Date 11/02/2021

Horizon Software (Horizon), provider of electronic trading solutions and algorithmic technology, today congratulates its partner SSI Securities Corporation (SSI) for winning 31 out of a total of 32 awards in 28 categories honoring organization and individuals under the 31st annual Asiamoney Brokers Poll organized by Asiamoney -Asia's leading magazine, a member of the prestigious group Euromoney Institutional Investor. 

The London Metal Exchange Selects Itiviti For Automated Client Onboarding As Part Of Trading Infrastructure Overhaul

Date 11/02/2021

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that the London Metal Exchange (LME) has chosen Itiviti’s FIX Conductor and VeriFIX Enterprise solutions to automate the onboarding process for their clients. 

NICE Actimize Introduces Breakthrough AI-Powered Watch List Screening Solution For Superior Risk Management - The Advanced Watch List Filtering Solution Features Real-Time Screening For Parties And Payments That Leverage AI And Biometrics To Match And Screen For Global Sanctions

Date 11/02/2021

Financial services organizations are increasingly challenged to efficiently screen parties and payments against required sanctions lists. With these requirements in mind, NICE Actimize, a NICE (Nasdaq: NICE) business, announces the launch of WL-X, its breakthrough, next-generation Watch List (WL) screening solution leveraging the power of artificial intelligence for superior data management, advanced screening capabilities and frictionless customer onboarding.