News Centre

US Department Of Justice: Former Swiss Bank Executive Sentenced To Prison For Role In Billion-Dollar International Money Laundering Scheme Involving Funds Embezzled From Venezuelan State-Owned Oil Company

Date 29/10/2018

The former managing director and vice chairman of a Swiss bank was sentenced to 10 years in prison today, after previously pleading guilty for his role in a billion-dollar international scheme to launder funds embezzled from Venezuelan state-owned oil company Petróleos de Venezuela, S.A. (PDVSA).

The Importance Of A Systemically Important Financial Market Utility, By John Fennell, OCC Executive Vice President And Chief Risk Officer, October 29, 2018

Date 29/10/2018

Following the global financial crisis in 2008, policy makers identified one of the major risks to the financial system to be contagion with the unregulated over-the-counter (OTC) market. This was caused by the opaqueness associated with the health of one's counterparties, which ultimately resulted in the freezing up of the OTC market.

The Updated Coefficients For Moscow Exchange Indices To Come Into Force

Date 29/10/2018

The following coefficients for Moscow Exchange indices come into force from October 30, 2018:

Q3/2018: Deutsche Börse AG Posts Significant Growth

Date 29/10/2018

• Adjusted net revenue up 13 per cent in Q3/2018, to €651 million 
• Adjusted net profit up 21 per cent year-on-year in Q3/2018
• Adjusted net revenue for the first nine months increased by 11 per cent, to €2 billion 
• Adjusted net profit for the first nine months at €772 million (+16 per cent) 
• The company confirms its guidance for the full year 2018

EBA Acknowledges Adoption Of New Resolution Reporting Standards By The European Commission

Date 29/10/2018

The European Banking Authority (EBA) acknowledged today the adoption by the European Commission of the Implementing Regulation on the procedures and standard forms and templates for the provision of information for the purposes of resolution plans for credit institutions and investment firms, repealing Regulation (EU) 2016/1066. The Implementing Regulation, which is based on the final draft Implementing Technical Standards (ITS) on the provision of information for resolution plans submitted by the EBA in April 2018, was adopted by the Commission on 23 October 2018. Its publication in the EU Official Journal is still pending. The reporting requirements will apply as of 31 December 2018 (reporting framework v2.8).

Danske Bank Waives Nondisclosure Agreements Permitting Danske Bank Whistleblower To Testify Before Danish And European Parliaments - Statement Of Stephen M. Kohn, Kohn, Kohn And Colapinto Llp, Attorney For Whistleblower Howard Wilkinson

Date 29/10/2018

Al Mawared Brokerage's Amman Stock Exchange Weekly Report, 29 October 2018

Date 29/10/2018

Click here to download Al Mawared Brokerage's Weekly Report on the Amman Stock Exchange (ASE). The Report is designed to give an overview of developments in the Jordan Capital Markets as well as ASE performance indicators.

XTX Markets Selects Paris For Its Post-Brexit European Hub

Date 29/10/2018

Cross-asset liquidity provider XTX Markets (XTX) today announces it has chosen Paris as its post Brexit European hub.

RBC Investor & Treasury Services Appointed Custodian For First Block Capital’s ETFs

Date 29/10/2018

RBC Investor & Treasury Services (RBC I&TS), part of Royal Bank of Canada (RY on TSX and NYSE), today announced it has been appointed custodian by First Block Capital Inc. (“First Block”), on its new actively managed FBC Distributed Ledger Technology Adopters ETF, which launched on October 11, 2018. RBC I&TS will also provide fund valuation, ETF administration and tax reporting services.

European Energy Exchange (EEX) : Supervisory Board Extends Management Board Mandate Of Iris Weidinger And Peter Reitz

Date 29/10/2018

• Jean-François Conil-Lacoste and Thomas Siegl to leave EEX Management Board 
• Chief Technology Officer to complement the Management Board