News Centre

SEC Charges Engine Manufacturing Company Executives With Accounting Fraud

Date 19/07/2019

The Securities and Exchange Commission today charged the former chief executive officer of a Chicago-area engine manufacturing company and two former senior sales executives for their roles in an accounting fraud that allegedly overstated the publicly-traded company’s revenues by almost $25 million.

EBA Publishes Report On Regulatory Perimeter, Regulatory Status And Authorisation Approaches In Relation To FinTech Activities

Date 19/07/2019

The European Banking Authority (EBA) published today the findings of its analysis on the regulatory framework applicable to FinTech firms when accessing the market. The Report illustrates the developments on the regulatory perimeter across the EU, the regulatory status of FinTech firms, and the approaches followed by competent authorities when granting authorisation for banking and payment services.

R3 Announces Cathy Minter As New Chief Revenue Officer

Date 19/07/2019

R3, the enterprise blockchain software firm, has today announced the appointment of Cathy Minter as Chief Revenue Officer (CRO). Her appointment comes as R3 continues to drive forward new revenue opportunities beyond its financial services origins.

Societe Generale Starts Trading Eurex FX Futures - Eurex FX Futures Gains The Support Of Key Off-Exchange FX Liquidity Provider

Date 19/07/2019

Societe Generale, one of Europe’s leading financial services groups, now offers full support for the Eurex FX Futures – from clearing to trading. 

Torimbia SOCIMI Receives Favourable Report From MAB - The Company Is To Start Trading On This BME Market With A Value Of 140 Million Euros

Date 19/07/2019

The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on TORIMBIA SOCIMI, following a thorough review of all the information presented by the company.

CFTC: Federal Court Orders Defendant To Pay More Than $2.9 Million In Connection With A Social Media-Based Forex Fraud Scheme

Date 19/07/2019

The Commodity Futures Trading Commission (CFTC) today announced that U.S. District Court for the Southern District of Texas entered judgment against defendant Kelvin Ramirez of Houston, Texas in a CFTC enforcement action that found that he had fraudulently solicited and misappropriated funds from clients in a forex trading scheme.

FESE: European Capital Markets Fact Sheet Q2 2019

Date 19/07/2019

Overview

• European capital markets had a mixed second quarter in 2019. Major indices continued its Q1 growth trajectory. 
• The FESE Index increased moderately both quarter on quarter (qoq) and year on year (yoy), equity turnover had a divergent trajectory as it declined yoy. 
• More positively, new company listings and equity investment flows experienced strong quarterly increases after a weak first quarter. 
• Good news for SME markets, they grew in both listings and market capitalisation. 
• Q2 2019 was a negative quarter for options and futures, bond options and futures suffered a stark year-on-year decline in notional turnover. 
• It was a very positive quarter for bonds and UCITS, as they soared yoy in turnover.

EEX Transparency News: ACER Requires The Use Of Inside Information Platforms

Date 19/07/2019

ACER publishes an updated version of the 4th Edition of its Guidance on the application of REMIT. In particular, ACER specifies that, in order to achieve effective disclosure according to Article 4 of REMIT, the information shall be disclosed using an inside information platform or transparency platform (Chapter 7.2.1).

Malawi Stock Exchange Weekly Summary Report - 19 July 2019

Date 19/07/2019

Click here to download Malawi Stock Exchange's weekly summary report.

FSB Adjusts Implementation Timelines For Its Policy Recommendations To Address Financial Stability Risks In Securities Financing Transactions

Date 19/07/2019

The Financial Stability Board (FSB) today announced adjustments to the implementation timelines for its recommendations on securities financing transactions (SFTs), specifically those related to minimum haircut standards for non-centrally cleared SFTs.