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News Centre
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Improving The Suitability Of Financial Advice - Speech By Debbie Gupta, Director Of Life Insurance And Financial Advice Supervision At The FCA, Delivered At Money Marketing Interactive Conference 2019, Harrogate
Date 20/09/2019
Highlights
- There are 4 broad areas of work we are focusing on: improving standards, targeting firms that cause the most harm, supporting consumers and helping advisers.
- The impact of poor quality advice can’t be easily undone or reversed.
- Advisers play an increasingly important role in the choices people make, and the impact of those choices on their quality of later life.
- The information provided by firms has helped us take action to stop those doing the most harm.
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SGX Welcomes INTL FCStone As Derivatives Trading And Clearing Member
Date 20/09/2019
Singapore Exchange (SGX) today welcomed INTL FCStone Pte. Ltd. as a Trading and Clearing Member of its derivatives market.
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FINRA EVP Of Enforcement Susan Schroeder Announces Departure
Date 19/09/2019
FINRA announced today that Susan Schroeder plans to leave FINRA later this year, after leading the Department of Enforcement since 2017. Schroeder led the consolidation of FINRA’s enforcement functions into a new, unified group. The consolidated enforcement team now comprises 340 employees working in New York, Rockville, and 14 district offices handling disciplinary actions from across FINRA, from potential fraud to trading-based misconduct to sales practice violations.
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Statement On Volcker Rule Amendments, SEC Commissioner Robert J. Jackson Jr., Sept. 19, 2019
Date 19/09/2019
Yesterday the Commission finalized the rollback of the Volcker Rule—the risktaking limits that keep banks from gambling with taxpayer money. These limits are designed to help regulators address a basic problem of incentives: bankers, anticipating taxpayer-funded bailouts, prefer to take excessive risks to maximize their bonuses.[1] That’s why I’ve called upon my colleagues to finalize the rules required by the Dodd-Frank Act to prohibit pay practices that reward excessive risktaking. Instead, having done nothing about banker bonuses, we are weakening structural limits on risk.
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IFC Crosses $10 Billion Threshold For Green Bond Issuance
Date 19/09/2019
IFC, a member of the World Bank Group, today crossed the $10 billion threshold in cumulative green bond issuance, after a trade with Japan’s Government Pension Investment Fund, GPIF.
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CFTC Charges Trader And His Company With $7 Million Fraud
Date 19/09/2019
The U.S. Commodity Futures Trading Commission announced the filing of a civil enforcement action in the U.S. District Court for the Eastern District of Virginia charging Tate Street Trading, Inc. of Richmond, Va. and Leonard J. Cipolla of Chesterfield, Va. with misappropriating customer funds and fraudulent solicitation in connection with a commodity pool. The complaint also charges Tate Street and Cipolla with failure to register as a Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA), respectively.
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CME Group Inc. Announces Third-Quarter 2019 Earnings Release, Conference Call
Date 19/09/2019
CME Group Inc. will announce earnings for the third quarter of 2019 before the markets open on Wednesday, October 30, 2019. Written highlights for the quarter will be posted on its website at 6:00 a.m. Central Time, the same time it provides its earnings press release. The company will hold an investor conference call that day at 7:30 a.m. Central Time, at which time company executives will take analysts' questions.
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Moscow Exchange: Risk Parameters Change On Securities market
Date 19/09/2019
CCP NCC is changing PcH_max parameter value that defines price up limit for MISB shares on Securities market starting from September 20, 2019:
Ticker Current value PcH_max New value PcH_max MISB 40% 10% -
Autorité Des Marchés Financiers Publishes Annual Summary Of Corporate Finance Oversight And Regulatory Activities
Date 19/09/2019
The Autorité des marchés financiers (the “AMF”) today published its annual Summary of Oversight and Regulatory Activities (pdf - 4 MB)This link will open in a new window, which details the key initiatives of the Direction principale du financement des sociétés (“Corporate Finance”) for the 2018-2019 financial year.
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The Updated Coefficients For Moscow Exchange Indices To Come Into Force
Date 19/09/2019
The following coefficients for Moscow Exchange indices come into force from September 20, 2019:
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