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  • European Commission: Reporting And Transparency Of Securities Financing Transactions – Frequently Asked Questions

    Date 29/01/2014

    See also IP/14/85 and MEMO/14/63 on the proposal for the structural reform of the EU banking sector. Alongside that proposal, the Commission has also proposed accompanying measures aimed at increasing the transparency of certain transactions in the shadow banking sector to avoid that banks circumvent other rules by moving those activities to the shadow banking sector. This proposal was announced in the action plan on shadow banking presented in September 2013 (IP/13/812).

  • Structural Reform Of The EU Banking Sector

    Date 29/01/2014

    Today, the European Commission has proposed new rules to stop the biggest and most complex banks from engaging in the risky activity of proprietary trading. The new rules would also give supervisors the power to require those banks to separate certain potentially risky trading activities from their deposit-taking business if the pursuit of such activities compromises financial stability. Alongside this proposal, the Commission has adopted accompanying measures aimed at increasing transparency of certain transactions in the shadow banking sector. These measures complement the overarching reforms already undertaken to strengthen the EU financial sector.

  • SGX Welcomes SAC Capital As Full Sponsor On Catalist

    Date 29/01/2014

    Singapore Exchange (SGX) is pleased to welcome SAC Capital Pte Ltd (“SAC”) as a Full Sponsor on Catalist, its sponsor-supervised board for growth companies.

  • Accuity Launches Unique Cybercrime Solution Powered by Veri-Site – A Central Repository To Help Identify Online Rogue Entities

    Date 29/01/2014

    Accuity, the global standard for payment efficiency and compliance solutions today announced the launch of their cybercrime watch list, powered by Veri-Site™. This solution is a proprietary, open source database that provides risk-relevant intelligence regarding rogue websites, IP theft, cybercrime, web-enabled transnational organized crime and sanctioned entities operating online. This new solution enables financial institutions and payment service providers to screen against high-risk entities that use the internet to conceal their true identity.

  • UK’s Financial Conduct Authority Bans Former BGC Senior Executive Anthony Verrier

    Date 29/01/2014

    The Financial Conduct Authority (FCA) has banned Anthony Verrier (a former senior executive at BGC) from performing any function in relation to any regulated activity in the financial services industry.  The FCA found that Verrier is not a fit and proper person due to concerns over his integrity.