News Centre

U.S. Attorney General Loretta E. Lynch Delivers Remarks At Press Conference Announcing Significant Kleptocracy Enforcement Action To Recover More Than $1 Billion Obtained From Corruption Involving Malaysian Sovereign Wealth Fund

Date 20/07/2016

Good morning, and thank you all for being here. 

Before we begin, I want to take a moment to mention Captain Robert Melton – a 17-year veteran of the Kansas City, Kansas, Police Department who was shot and killed in the line of duty yesterday while responding to a call about a drive-by shooting.  Our hearts go out to Captain Melton’s family and loved ones, and to all those who are suffering in this time of grief.  This devastating loss is yet another painful reminder that our courageous officers put their lives on the line every day in order to serve the public – not only in times of heightened tensions or during ambush scenarios, but always.  The Department of Justice is committed to doing all we can to support our officers at every level and to keep them safe from harm – and we will continue to advance that work and to keep that promise even as we mourn the loss of our fallen colleague and friend.  

Kurt Gottschall Named Associate Regional Director In The SEC's Denver Regional Office

Date 20/07/2016

The Securities and Exchange Commission today announced that Kurt L. Gottschall has been named the Associate Regional Director for enforcement in the Denver office.

United States Seeks To Recover More Than $1 Billion Obtained From Corruption Involving Malaysian Sovereign Wealth Fund

Date 20/07/2016

Attorney General Loretta E. Lynch announced today the filing of civil forfeiture complaints seeking the forfeiture and recovery of more than $1 billion in assets associated with an international conspiracy to launder funds misappropriated from a Malaysian sovereign wealth fund.  Today’s complaints represent the largest single action ever brought under the Kleptocracy Asset Recovery Initiative.

Borsa İstanbul: Employment Contracts Of 34 Persons Terminated By July 15, 2016 - Contracts Of A Further 51 Persons Terminated As Of July 18, 2016

Date 20/07/2016

Within the framework of the targets and business strategies envisaged by the new management established on April 1, 2016, Borsa İstanbul terminated the employment contracts of 34 persons by July 15, 2016 on the grounds that their services are no longer needed. The contracts of a further 51 persons were terminated as of July 18, 2016.

U.S. Justice Department: Global Head Of HSBC’s Foreign Exchange Cash-Trading Desks Arrested For Orchestrating Multimillion-Dollar Front Running Scheme - Charges Also Unsealed Against Former Head Of Foreign Exchange Cash-Trading Desk For Europe, Middle East And Africa

Date 20/07/2016

The head of global foreign exchange cash trading at HSBC Bank plc, a subsidiary of HSBC Holdings plc (collectively HSBC), and HSBC’s former head of foreign exchange cash trading for Europe, the Middle East and Africa were charged with conspiring to defraud a client of HSBC through a scheme commonly referred to as “front running.” 

EBA Consults Public On The Minimum Requirement For Own Funds And Eligible Liabilities (MREL)

Date 20/07/2016

The European Banking Authority (EBA) has launched today a public consultation on its interim report on the implementation and design of the minimum requirement for own funds and eligible liabilities (MREL). The interim report is addressed to the European Commission, and it will inform a future legislative proposal on the implementation of the Financial Stability Board's "total loss-absorbing capacity" (TLAC) standard in the EU and the review of MREL. Further elements will be covered in the EBA's final report which will be provided to the European Commission by 31 October 2016.

United Kingdom Parliament Treasury Committee Update: Andrew Bailey's Appointment Hearing Questionnaire

Date 20/07/2016

Questions for Andrew Bailey, from House of Commons Treasury Committee  

Personal 

1. Do you have any business or financial connections, or other commitments, which might give rise to a conflict of interest in carrying out your duties as Chief Executive of the FCA? 

I have no business, financial or other commitments which would create a conflict of interest for me as the CEO of the FCA.  I am familiar with the need to avoid such conflicts having been the CEO of the PRA.  I have two current accounts and general insurance policies for my home and car.  Pension, life insurance and medical insurance have been available to me as a Bank of England employee.

EBA Announces Timing For Publication Of 2016 EU-Wide Stress Test Results

Date 20/07/2016

The EBA announced today that detailed individual results for the banks participating in the 2016 EU-wide stress test, along with detailed balance sheets and exposure data as of end 2015, will be published on Friday 29 July 2016 at 22:00 Central European Summer Time (21:00 British Summer Time).

Flextrade Wins Best Trading Technology Vendor Award For FX - Captures Honor At FX Week’s 13th Annual e-FX Awards Ceremony

Date 20/07/2016

FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, today announced it has been named “Best Trading Technology Vendor” in the foreign exchange markets by FX Week at their 13th annual US conference in New York on July 12th.    

BME: Atrys Health To Start Trading On MAB On Friday

Date 20/07/2016

• The twelfth company to join MAB in 2016