News Centre

FINRA Fines Stephens Inc. $900,000 For Inadequate Supervision Of Research Department "Flash" Emails

Date 11/05/2016

The Financial Industry Regulatory Authority (FINRA) announced today that it has censured Stephens Inc., of Little Rock, Arkansas, and fined the firm $900,000 for inadequately supervising firm-wide internal "flash" emails sent by its research analysts to convey information about companies and industries the firm covered. These failures created the risk that the flash emails could potentially include material nonpublic information that might be misused by sales and trading personnel. Stephens will also cease distributing flash emails and was ordered to implement a plan to conduct a comprehensive review of its policies, procedures and training in the research area.

Assets Invested In ETFs/ETPs Listed In The United States Reached A New Record High Of 2.217 Trillion US Dollars At The End Of April 2016, According To ETFGI

Date 11/05/2016

Assets invested in ETFs/ETPs listed in the United States reached a new record high of US$2.217 trillion at the end of April 2016, according to preliminary data from ETFGI’s April 2016 global ETF and ETP industry insights report. (click here to view the ETFGI chart for asset growth).

Credit Suisse & AxiomSL Win Compliance Risk Technology Implementation Of The Year Award 2016

Date 11/05/2016

• AxiomSL’s Asia-Pacific liquidity programme implemented across three countries in nine months enhanced time to market and operational efficiencies for the bank
• AxiomSL’s single strategic platform allowed Credit Suisse scalability to meet multiple cross-jurisdictional regulatory reporting requirements with greater speed and accuracy whilst leveraging existing data architecture
• AxiomSL’s technologies also delivered Liquidity Coverage Ratio forecasting capabilities providing treasury with improved internal liquidity monitoring and reporting efficiencies

Martin Blessing To Join Group Executive Board Of UBS - Blessing To Assume Role As President Personal & Corporate Banking And President UBS Switzerland From Lukas Gaehwiler - Gaehwiler To Assume New Role As Chairman Of The Region Switzerland Changes Effective 1 September 2016

Date 11/05/2016

Martin Blessing will succeed Lukas Gaehwiler as President Personal & Corporate Banking and President UBS Switzerland in the Group Executive Board (GEB) of UBS, effective 1 September 2016. Blessing was CEO of Commerzbank AG until the end of April this year. During his 15 years on the Board of Managing Directors of Commerzbank, half of which as its Chairman, Blessing significantly shaped the firm. He managed the successful integration of Dresdner Bank and led the bank back to stability and a robust business model following the financial crisis. Today, Commerzbank is active in more than 50 countries, finances 30 percent of Germany’s foreign trade and is the undisputed leader in financing German SMEs. The firm serves around 15 million clients with over 50,000 employees. Prior to Commerzbank, Blessing was at Dresdner Bank and the consultancy McKinsey. He studied in St. Gallen, Switzerland, and Frankfurt am Main, Germany, following a bank apprenticeship.

IPC Systems Appoints Tony Carriero As Chief Information Security Officer - New Role Places IPC At The Forefront Of Security And Compliance Solutions Within The Financial Markets Sector

Date 11/05/2016

IPC Systems, Inc. (IPC), a leading provider of global communications solutions and software for the financial services community, today announced the appointment of Tony Carriero as Chief Information Security Officer (CISO). In this leadership role Mr. Carriero will be responsible for the security roadmap across all IPC products and solutions, its financial market cloud network along with IPC's internal IT systems to support the company's vision.

Axioma Names Former Euronext CFO Amaury Dauge As Chief Financial Officer

Date 11/05/2016

Axioma, a leading provider of innovative risk solutions for buy-side institutions, today announced the appointment of Amaury Dauge as the company’s Chief Financial Officer. Dauge was previously Chief Financial Officer of Euronext (EPA: ENX), the pan-European stock exchange, since January 2014.

SGX Welcomes Bank Of China As Accredited Issue Manager

Date 11/05/2016

Singapore Exchange (SGX) welcomes Bank of China (BOC), Singapore branch, as an accredited issue manager for Mainboard listings.

ESMA Sees Continued High Level Of Market Risks In First Quarter

Date 11/05/2016

The European Securities and Markets Authority (ESMA) has published today its Risk Dashboard for the first quarter of 2016.

ASIT Biotech Makes Debut On Euronext Brussels And Paris - Biopharmaceutical Company Specialized In Allergies Valued At € 89.3 Million

Date 11/05/2016

Euronext today celebrated the listing of ASIT biotech on its Brussels and Paris markets. ASIT biotech joins a community of 77 life sciences issuers listed on Euronext.

Dubai Financial Services Authority (DFSA) Restricts Former Trader Noyan Ayhan

Date 11/05/2016

The Dubai Financial Services Authority (DFSA) announced today that it has imposed a restriction on Mr Noyan Ayhan, a former trader at a DFSA Authorised Firm, after he inflated the value of his trading book by around USD 11,000,000 (AED 40,425,000) to cover up losses.