News Centre

The Federal Reserve’s Regulatory Agenda For Foreign Banking Organizations: What Lies Ahead For Enhanced Prudential Standards And The Volcker Rule - Vice Chairman For Supervision Randal K. Quarles - At The Institute Of International Bankers Annual Washington Conference, Washington, D.C.

Date 05/03/2018

Thank you very much to the Institute of International Bankers for inviting me to speak here today. Among my first areas of focus when I was a very young lawyer starting out in my career well over 30 years ago was providing advice to foreign banks and financial firms operating in the United States, and I learned then just how integral, essential, and welcome a part your firms play in our domestic financial sector. Non-U.S. firms serve as an important source of credit to U.S. households and businesses and contribute materially to the strength and liquidity of U.S. financial markets, so it is critical--not just as a matter of fairness but as a matter of our domestic interest--that we as regulators ensure that they operate in a fair and open financial services sector. I view that as an important part of my job.

Qatar Stock Exchange Welcomes Doha Bank And Amwal’s ‘QETF’ As The First Exchange-Traded Fund In Qatar

Date 05/03/2018

• Qatar Stock Exchange lists the first ETF in Qatar; and the largest ETF in the GCC 
• Doha Bank and Amwal partner to establish and manage this ETF tracking the QE Index. 
• The QE Index ETF (QETF) has among the lowest expense ratios (0.5%) of any MENA equity fund globally

DIFC Achieves Record Growth In 2017 As MEASA’s Leading Financial Hub - Maktoum bin Mohammed: “DIFC Is Constantly Exploring New Opportunities To Ensure The Development Of The Regional Financial Services Landscape” - His Highness: “DIFC Continues To Deliver On Its Ambitious Strategy While Offering The Highest Standards Of Support To Its Current And Prospect Partners”

Date 05/03/2018

• Dubai ranked among the world’s top 10 international financial centres and FinTech hubs and the number one in the MEASA region
• Record year for registrations with 315 new companies
• Number of active licensed companies increased by 12% to 1,853
• Net profit increased by 25% to USD 99 million, from USD 79 million in 2016 excluding fair value (FV) gain on Investment properties.
• Record year for additional space leased – 384,200 square feet

Al Mawared's Amman Stock Exchange Weekly Report

Date 05/03/2018

Click here to download Al Mawared'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.

NEX And Celent Publish New Whitepaper; ‘Cloud In Capital Markets- Getting Ahead Of Tomorrow’

Date 05/03/2018

NEX (NXG.L), a financial technology company at the centre of the global markets and Celent, a research, advisory, and consulting firm focused on financial services technology, announce today that they have published a new white paper; ‘Cloud in Capital Markets- Getting ahead of tomorrow.’ The white paper provides an in-depth analysis of the benefits and risks of cloud technology and its anticipated impact on future market structure.

CFTC Charges Iowa Resident Lon Olen Friedrichsen With Solicitation Fraud In Violation Of The Commodity Exchange Act - CFTC Also Charges Friedrichsen With Acting As An Unregistered Commodity Trading Advisor

Date 05/03/2018

The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Southern District of New York, charging Lon Olen Friedrichsen of Alton, Iowa, with fraud and failing to register with the CFTC as a Commodity Trading Advisor, as required. Friedrichsen, as alleged, also solicited clients under the names of Lon Kummer and Lon Richardson, but omitted that these were false names.

ACER Strongly Recommends Inside Information Platforms

Date 05/03/2018

ACER has published its REMIT Quarterly issue No. 11 / Q4 2017. The report shows that of the 13,000 market participants officially registered in the Centralized European Register of Market Participants (CEREMP), 8 % use Inside Information Platforms (IIPs) for public disclosure. A registry review further disclosed that thereof only half are actually registered with an IIP. As a result, ACER has serious concerns about the compliance of these companies.

Remarks By CFTC Executive Director Anthony C. Thompson At The Black History Month Celebration, Department Of Home Land Security, Washington, D.C.

Date 05/03/2018

Mr. Hawkins, thank you for that most gracious introduction. I also would like to thank Ms. Paula Thomas, Chief of Equal Employment Opportunity and Inclusion for inviting me to today’s program.

FSB Publishes Global Shadow Banking Monitoring Report 2017

Date 05/03/2018

The Financial Stability Board (FSB) today published the Global Shadow Banking Monitoring Report 2017. The Report presents the results of the FSB’s seventh annual monitoring exercise to assess global trends and risks from shadow banking activities. The 2017 monitoring exercise covers data up to end-2016 from 29 jurisdictions, which together represent over 80% of global GDP, including, for the first time, Luxembourg. Also for the first time, the Report assesses the involvement of non-bank financial entities in China in credit intermediation that may pose financial stability risks from shadow banking, such as maturity/liquidity mismatches and leverage.

UK's Financial Conduct Authority Fines And Bans Former Deutsche Bank Trader, Guillaume Adolph

Date 05/03/2018

The Financial Conduct Authority (FCA) has fined Guillaume Adolph £180,000 and banned him from performing any function in relation to any regulated financial activity.