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The Pandemic, Financial Advisors, And The Financial Planning Opportunity - New Aite Group Research Finds That Most Practices Are Adding More Advice-Based Services Despite Few Advisors Charging A Fee For Financial Planning

Date 25/06/2020

For over two decades, the U.S. wealth management industry has been evolving toward financial planning, transitioning to advisory fees, and establishing deeper and ongoing relationships with clients. These deeper client relationships have helped advisors identify additional needs and goals of clients, and virtually all advisors have added some level of financial planning to their practice. However, adoption of financial planning by advisors is still fairly low across the marketplace, and the pandemic and associated financial crisis are having a dramatic impact on investors and advisors. The Pandemic, Financial Advisors, and the Financial Planning Opportunity, the latest Aite Group report, addresses key challenges and efforts required to increase financial planning adoption to meet client needs in a post-pandemic marketplace.

EBA Publishes Final Draft Comprehensive ITS On Institutions’ Pillar 3 Disclosures And Revised Final Draft ITS On Supervisory Reporting (Framework 3.0)

Date 25/06/2020

• The disclosure ITS implement the new requirements introduced by CRR2 and aims to reinforce market discipline by increasing consistency and comparability of institutions' public disclosures.
• The updated reporting framework reflects changes in the CRR and introduces new reporting requirements on net stable funding ratio and counterparty credit risk.
• New proportionality measures have been implemented, in particular for small and non-complex institutions.

CPMI-IOSCO Publish A Report On CCP Auctions

Date 25/06/2020

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published a report entitled “Central counterparty default management auctions – Issues for consideration”.

Ziglu Secures £5.25 Million Seed Funding To Provide Transparent And Simple Access To Cryptocurrency

Date 25/06/2020

Ziglu, the cryptocurrency challenger has today formally completed its seed funding round, having successfully secured £5.25 million from a number of specialist UK FinTech investors, and entrepreneurs.

Wirecard: Threatened With Up To 25 Years' Imprisonment? Historical Cases From Economic History

Date 25/06/2020

• Wirecard allegations: Stock exchange price manipulation, financial statement fraud, bank fraud
• Sentences of up to 25 years in prison for historical balance sheet manipulations
• Claims for damages exceed Wirecard's profits many times over
• Sanctions for financial crimes in the USA far more severe

Direxion Releases Work From Home ETF Utilizing The Solactive Remote Work Index

Date 25/06/2020

The rise of broad access to the internet laid the cornerstone for widespread remote working environments. With the COVID crisis forcing millions of employees to work from home, this trend ought to accelerate even further. On one hand, these developments put employers in front of new challenges to accommodate the situation. But on the other hand, the situation benefits companies offering key technological infrastructure and services that help enable working remotely. In order to enable investors to benefit from the aforementioned major shift in society, US company Direxion released its new Work From Home ETF (WFH), utilizing the Solactive Remote Work Index as its underlying.

Industry Pioneers Eventus Systems And VoxSmart Ltd. Form Strategic Alliance In Global Markets Surveillance - Firms Offer Market Participants Holistic Trade And Communications Surveillance Solution

Date 25/06/2020

Eventus Systems, Inc.<https://www.eventussystems.com/>, a multi-award winning global trade surveillance and risk management software platform provider, and VoxSmart Ltd<http://www.voxsmart.com>., a  global leader in communications surveillance technology, announced today that they have formed a strategic alliance. The firms are collaborating to build custom solutions for global market participants looking to enhance their ability to surveil and manage risk across the entire order and trade lifecycle, from pre-trade communications to execution and post-trade monitoring.

Petropavlovsk Shares Now Trading On MOEX

Date 25/06/2020

On 25 June 2020, MOEX launched trading in shares of Petropavlovsk PLC, one of the largest Russian gold producers.

The listing ceremony was attended by MOEX CEO Yuri Denisov and Pavel Maslovskiy, CEO and founder of Petropavlovsk.

The Tel-Aviv Stock Exchange Plans Changes To Rules Of Tel Bond Indices To Protect Investors - TASE Aims, Among Others Things, For Better Grasp In Deleting From The Indices Companies That Encounter Business Difficulties - Given The Significance And Implications Of The Changes, The Proposal Is Presented For Public Comments

Date 25/06/2020

The Tel-Aviv Stock Exchange presents today for public comments a proposal for amendment of the rules of the Tel Bond Indices. While the proposed changes are within the jurisdiction of TASE's Board of Directors, TASE's management has decided that, considering the significance of the changes and their anticipated effect on the composition of the indices, it is prudent to obtain the public's comments prior to finalizing the proposal.

SET And TFEX To Extend Temporary Rules Until No Later Than Sept 30

Date 25/06/2020

The Stock Exchange of Thailand (SET) will prolong its recent trading rule amendments, which are short-selling and ceiling & floor, until September 30, 2020, or before, (from June 30 previously) due to continued market volatility as well as uncertain global economy and the COVID-19 pandemic situation. Likewise, Thailand Futures Exchange’s (TFEX) daily price limit rule will be extended to the same effective end date. The period extension has already undergone the hearing from stakeholders and has been approved by the Securities and Exchange Commission (SEC).