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ESM Managing Director Klaus Regling Reappointed By Board Of Governors

Date 20/02/2017

The Board of Governors of the European Stability Mechanism (ESM) today reappointed Klaus Regling as Managing Director of the ESM. The second and final five-year term of office will start on 8 October 2017.
ADX Is A Partner In Adopting Innovation To Serve A Sustainable Knowledge Based Economy – Al Blooshi

Date 20/02/2017

Abu Dhabi Securities Exchange (ADX) Chief Executive Rashed Al Blooshi said that ADX managed to implement a solid strategy that is a roadmap to highlight the path of ADX projects for the coming years in order to achieve the Exchange’s goals through relying on solid foundations and strong pillars.
Tadawul To List 7 Companies On Nomu - Parallel Market By End Of February

Date 20/02/2017

The Saudi Stock Exchange “Tadawul” is preparing to list 7 companies on Nomu - Parallel Market on 26 of February, after gaining approval from the CMA and completing all required listing procedures.
Nomu - Parallel Market is an alternative trading platform with lighter listing requirements compared to the Main Market, requiring a market value of at least 10 million SAR, minimum shareholder size of 35-50 shareholders, and an offering percentage of at least 20%.
UK Government Proposes New Approach To Boost Banking Competition And Resolve RBS’ State Aid Commitments

Date 20/02/2017

The UK Government has proposed a radical new plan that would see RBS fund and deliver a series of initiatives, worth around £750 million, to boost competition in today’s UK business banking market.
IOSCO Issues Report On Loan Funds – Important Niche Products To Fund The Real Economy

Date 20/02/2017

The Board of the International Organization of Securities Commissions (IOSCO) today published the report Findings of the Survey on Loan Funds, which describes how the market for Loan Funds has evolved in different jurisdictions and explains how regulators are addressing the risks associated with these funds.

Bruce Carnegie-Brown Confirmed As Next Chairman Of Lloyd's

Date 20/02/2017

The Council today confirmed that Mr Carnegie-Brown, Chairman of Moneysupermarket.com Group and vice-Chairman of Banco Santander S.A., will take up the position in June of this year. This appointment is subject to formal approval and consent from the Prudential Regulation Authority and the Financial Conduct Authority.
Hong Kong's Securities And Futures Commission Obtains Disqualification And $84 Million Compensation Orders Against Former Chairman Of First Natural Foods Holdings Limited

Date 20/02/2017

The Securities and Futures Commission (SFC) has obtained disqualification and compensation orders in the Court of First Instance against Mr Yeung Chung Lung, former chairman and executive director of First Natural Foods Holdings Limited (First Natural Foods) over embezzlement of $84 million and provision of false bank statements to auditors (Notes 1, 2 & 3).
World Federation Of Exchanges Responds To FSB Consultation On Continuity Of Access To Critical FMI Services For A Firm In Resolution

Date 20/02/2017

The World Federation of Exchanges (“WFE”), which represents more than 200 market infrastructure providers including exchanges and CCPs, has responded to a consultation from the Financial Stability Board (“FSB”) related to the Continuity of Access to Financial Market Infrastructures (“FMIs”) for a Firm in Resolution.
Hong Kong's Securities And Futures Commission: Former Investment Firm CEO Convicted Of Unlicensed Dealing

Date 20/02/2017

The Eastern Magistrates’ Court today convicted Mr Chiang Ching Fung, former chief executive officer of Gold Root Global Investments Limited (GRG Investments), of unlicensed dealing in futures contracts in a prosecution by the Securities and Futures Commission (SFC).
ESM Receives €2 Billion Loan Repayment From Greece

Date 20/02/2017

The European Stability Mechanism on Monday received a loan repayment of €2 billion from the Greek government. The repayment was a contractual obligation with the ESM and follows the sale of an asset by one of the banks that took part in the 2015 banking recapitalisation, financed with ESM loans.