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Speech By UK's Chancellor Of The Exchequer, Philip Hammond MP, At The Annual Investment Association Dinner
Date 16/10/2018
And of course - the immediate key to maintaining this ecosystem – is ensuring we get a good Brexit deal – and protecting markets from uncertainty during transition.
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Remarks At The IDC - 2018 Fund Directors Conference, Dalia Blass, Director, SEC Division Of Investment Management, Chicago, IL, Oct. 16, 2018
Date 16/10/2018
Introduction
Good morning. Thank you, Amy [Lancellotta], for that kind introduction, and thank you for inviting me to join you this morning.
Early in my tenure as Director, the Division launched its Board Outreach Initiative. Through this initiative, we have had the opportunity to meet and engage in an informative dialogue with a number of fund boards and independent directors over the last year. I appreciate the opportunity to continue the dialogue with all of you at this conference. Since 1940, you have been entrusted to oversee key aspects of fund management on behalf of shareholders. The service you provide is more important than ever as funds now play a central role in the financial lives of many Americans. Today, over 100 million individuals representing nearly 60 million households own funds — that’s 45 percent of U.S. households. Over the last two decades, assets in mutual funds have grown from around $4.5 trillion to over $19 trillion, a growth of over 330 percent. During that same time period, ETF assets grew from $6.7 billion to over $3.6 trillion. This growth represents the earnings and investments of millions of Americans, who are saving for retirement, college tuition and other goals.
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tZERO Issues Preferred tZERO Security Tokens - Blockchain Pioneer Completes Another Capital Markets Milestone
Date 16/10/2018
tZERO, the global leader in blockchain innovation for capital markets, today announced it has completed the issuance of preferred tZERO security tokens. Tokens were issued to investors who had fully funded signed agreements for future equity (SAFEs) prior to the August 6, 2018 close of the company’s Security Token Offering (STO). tZERO raised $134 million from over 1,000 global investors during its STO.
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Federal Reserve Payments Study Finds U.S. Payments Fraud A Small But Growing Fraction Of Overall Payments
Date 16/10/2018
The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015--outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data. The study's survey of depository institutions found that the value of noncash payments fraud rose 37 percent from $6.1 billion in 2012 to $8.3 billion in 2015. Over the same period, the total value of noncash payments rose 12 percent from $161.2 trillion to $180.3 trillion.
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ISDA Publishes Updated Model Netting Act
Date 16/10/2018
ISDA has published an update of its Model Netting Act, designed to provide a template that can be used by jurisdictions considering legislation to ensure the enforceability of close-out netting.
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BME: Openfinance And Refinitiv Join Forces To Offer Technical Analysis And Pioneering Private Banking Management Technology - The Partnership Provides A Comprehensive Service To Customers Of Both Companies, Generating Personalised Reports In Compliance With The MiFIDII Regulation - This Service Is Being Offered For The First Time In Spain And Latin America
Date 16/10/2018
Openfinance, a BME Group company specialised in developing and implementing technology solutions for financial advising and portfolio management, and Refinitiv, formerly the Financial and Risk business of Thomson Reuters, have signed a strategic partnership agreement that will give financial advisersaccess to information, technical analysis, news, and pioneering technology in the private banking sector to streamline their decision-making, practically in real time.
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Nigerian Stock Exchange Hosts The Third Edition Of Its Annual Market Data Workshop
Date 16/10/2018
The Nigerian Stock Exchange (NSE), in partnership with Sterling Bank Plc, is set to host the third edition of the NSE Market Data Workshop on Friday, October 19, 2018 at The Civic Center, Victoria Island, Lagos.
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U.S. Department Of Justice: Former State Street Executive Sentenced For Scheme To Defraud Clients Through Secret Trading Commissions
Date 16/10/2018
A former executive vice president of State Street Corporation was sentenced today in federal court in Boston, Massachusetts, in connection with engaging in a scheme to defraud at least six of the bank’s clients through secret commissions applied to billions of dollars of securities trades.
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The New American Dream: Retirement Security, SEC Commissioner Kara M. Stein, Washington D.C., Oct. 16, 2018, Remarks At The Brookings Institution
Date 16/10/2018
Good Morning. Thank you, Aaron [Klein], for the kind introduction. And, thank you to the Brookings Institution, and to Senior Fellow Martin Baily, for hosting this morning’s event on a topic that is important to everyone—retirement.
We have all dreamed at some point about what our retirement might look like. For some, it is being able to stop working at 65 to engage in other activities. For others, it might be moving to a long-dreamed of retirement location or closer to family. Although everyone’s ideal retirement will look a little bit different, we all share the desire to have the financial security that will allow such dreams to come true.
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KASE Index ETF Begins Trading On Moscow Exchange
Date 16/10/2018
On 16 October 2018, Moscow Exchange (MOEX) started trading in the KASE Index Exchange Traded Fund (ETF) managed by FinEx Investment Management LLP.
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