News Centre

FCA Fines And Prohibits Hedge Fund Chief Investment Officer For Market Abuse: Comments By Nick Bayley, Managing Director, Head Of UK Regulatory Consulting, Duff & Phelps

Date 15/12/2020

Nick Bayley, Managing Director, Head of UK Regulatory Consulting of Duff & Phelps comments:

“This is FCA’s very first market abuse outcome under the EU Market Abuse Regulation, which went live in July 2016.  We can see from its Annual Report that the regulator had 29 market manipulation cases open as at 31 March this year, so hopefully other outcomes will follow quickly in its wake."

UK Financial Conduct Authority Fines And Prohibits Hedge Fund Chief Investment Officer For Market Abuse

Date 15/12/2020

BME: The Pre-Market Environment Closes The Year With The Incorporation Of Three New Companies And One Partner

Date 15/12/2020

• The three new companies in this acceleration programme are Dantia Tecnología, Gogoa Mobolity Robots and Club de Fútbol Intercity, and IEAF is the new partner
• In 2020, eight new companies and three partners have become part of this BME initiative

Bank Of England: Minutes Of The Post-Trade Task Force Meeting – December 2020

Date 15/12/2020

The Bank of England is an observer on the Post-Trade Task Force, an industry working group that aims to catalyse reform in post-trade.

The EDHEC-Princeton Retirement Goal-Based Investing Index Series - December 2020 Highlights

Date 15/12/2020

Goal Price Index Series

• US interest rates began 2020 with a downward move that accelerated with the expansion of the coronavirus pandemic in Europe in late February and early March and the increasing concerns over the economic impact. The 10-year rate fell from 1.88% after the New Year’s Eve to 0.50% on March 9, and the 1-year rate fell from 1.58% to 0.29%. Falling Treasury yields are mechanically reflected in rising Goal Price Indices through the discounting mechanism, and the price of $1 per year of replacement income for 20 years grew from $18.99 to $21.69 for an individual retiring in 2028.

FTSE4GOOD Bursa Malaysia December 2020 Semi-Annual Review - 4 New Inclusions And 2 Deletions From The FTSE4Good Bursa Malaysia Index

Date 15/12/2020

Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) announced four new additions to the constituents of the FTSE4Good Bursa Malaysia (“F4GBM”) Index.

SGX Strengthens Commitment To Sustainability With S$20 Million Plan

Date 15/12/2020

• Makes a bigger push in sustainability and takes the lead in driving improvements in the ecosystem through collaboration
• Aims to provide the market with access to ESG information and solutions for investment decisions

UK Financial Conduct Authority Fines Barclays £26 Million Over Treatment Of Customers In Financial Difficulty

Date 15/12/2020

The Financial Conduct Authority (FCA) has fined Barclays Bank UK PLC, Barclays Bank PLC and Clydesdale Financial Services Limited (Barclays) £26 million for failures in relation to their treatment of consumer credit customers who fell into arrears or experienced financial difficulties.

Torstone Reports Continued Growth In 2020, Plans For Significant New Hires To Support Rapid Expansion & Strong Pipeline For The Coming Year - Announces New Senior Appointments In North America, Europe And Asia In Response To Growing Client Demand & Plans For 30% Headcount Growth In 2021

Date 15/12/2020

Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing, has announced today that its business has continued to achieve significant growth throughout 2020, driven in part by volatile trading conditions leading to increased appetite among market participants for flexible and scalable automated post-trade solutions, as well as by accelerating industry adoption of cloud services. Having achieved nearly 100 percent overall service availability for all clients throughout this volatile year, Torstone continues to prove the scalability and resilience of cloud-based SaaS model for post-trade operations.

USA National Association Of Insurance Commissioners - Japan Financial Services Agency Insurance Dialogue Held Via WebEx

Date 15/12/2020

On December 11, 2020, representatives from the National Association of Insurance Commissioners of the United States and the Financial Services Agency of Japan held a virtual meeting of the Insurance Regular Dialogue. They discussed regulatory and supervisory matters in both countries, including responses to COVID-19.