News Centre

FINRA Publishes Crypto Asset Communications Sweep Update - Findings Show Potential Violations In 70% Of Materials Reviewed

Date 23/01/2024

FINRA has identified potential violations of FINRA Rule 2210 (Communications with the Public) in 70 percent of crypto asset communications it reviewed, according to a report published today on the results of a targeted exam.

Enhancing Investor Protection In Ontario: Canadian Investment Regulatory Organization Approved For Financial Advisor Title Use

Date 23/01/2024

The Financial Services Regulatory Authority of Ontario (FSRA) has approved the Canadian Investment Regulatory Organization (CIRO) as a credentialing body under Ontario's Financial Professionals Title Protection Act, 2019 (FPTPA). CIRO now has the authority to grant credentials that permit individuals to use the Financial Advisor title in Ontario.

Leaning In On Making Consumer Tech A Force For Good, Speech By Nikhil Rathi Chief Executive UK Financial Conduct Authority, Delivered At The Imperial College London Business School - How Can Consumer-Facing Technology Help Keep Consumer Markets Honest?

Date 23/01/2024

Highlights

• We are at a global inflection point in the rise of technology in financial services and must use and adapt our existing regulatory tools to protect consumers and markets while making sure we continue to embrace innovation.
• We must be alert to competition impacts. Big data must not be the preserve of Big Tech: A digital identity authentication system and a commitment to Open Data could boost productivity and consumer confidence in how their data is used.
• A wider debate between policymakers, industry and consumers is needed about what we are willing to risk in search of innovation and better products and services – and we must be honest that we cannot mitigate all risk that arises from rapid adoption of new technologies.
• Consumer facing technology in financial services should be used to boost financial inclusion and security of data and services, or the industry risks triggering a Techlash.

Korean Retail Investors Continue To Be Active Purchasers Of Overseas Listed ETFs In December

Date 23/01/2024

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that in the month of December, 26 of the top 50 overseas securities purchased by Korean retail investors were ETFs listed in the United States and Japan. The number of ETFs on the list is down by 2 from 28 in November, down by 5 from 31 in October and down by 1 from 27 in September* (All dollar values in USD unless otherwise noted)

BIS Innovation Hub Announces First Six Projects For 2024 Work Programme

Date 23/01/2024

• Upcoming projects focus on safety and security, green finance and next generation financial infrastructures.
• Additional work on advanced data analytics and tokenisation are also planned.
• The Innovation Hub completed 12 projects in 2023 and eight more are ongoing.

OpenFin Announces OpenFin For Salesforce On Salesforce AppExchange, the World's Leading Enterprise Cloud Marketplace - OpenFin's Customers Can Now Benefit From A Seamless Integration Creating Great Customer And Employee Experiences.

Date 23/01/2024

OpenFin, today announced it has launched OpenFin for Salesforce on Salesforce AppExchange, a leading enterprise marketplace for partner apps and experts, empowering customers using Salesforce Financial Services Cloud to instantly integrate Salesforce with other applications. Used by 90% of the top global banks, OpenFin's client-side technology brings together apps and data into one unified desktop. Enterprises can now connect their workplace applications—third party, native, or web—to empower teams to be as efficient as possible.

Kroll Adds Luxembourg Leader To Head Valuation Advisory Team - Elena Moisei Joins Kroll As Managing Director, Portfolio Valuation

Date 23/01/2024

Kroll, the leading independent provider of global risk and financial advisory solutions, announced today that it is continuing its global strategic growth plans in Europe, the Middle East and Africa (EMEA) with the appointment of Elena Moisei as a managing director within the firm’s Luxembourg Portfolio Valuation practice.

CFTC Commissioner Goldsmith Romero To Address Commodity Market Council’s Board Of Directors And Executives At 2024 State Of The Industry Conference

Date 23/01/2024

Michael Chin Appointed CEO Of Data Automation Leader Duco

Date 23/01/2024

Duco, the #1 SaaS provider of AI-powered data automation, today announced that Michael Chin has been appointed CEO effective as of January 23. He succeeds the company’s founder Christian Nentwich, who steps down as CEO after over 10 years. The announcement comes on the back of continuous high growth over the years. Duco was acquired by Nordic Capital in 2021 and has since further accelerated its transformative growth and expansion.

BaFin Increases Focus On IT Risks

Date 23/01/2024

The Federal Financial Supervisory Authority (BaFin) considers cyberattacks and the breakdown of IT systems among the greatest risks for the financial sector. Such technical disruptions pose risks not only when they occur at banks or insurers themselves: major problems at third-party service providers can also compromise the entire system. These risks are detailed in the report “Risks in BaFin’s Focus 2024” published by BaFin on 23 January 2024.