News Centre

Dubai Islamic Economy Development Centre Collaborates With DIFC, DFM, And The Climate Bonds Initiative To Grow Green Sukuk Market

Date 16/09/2019

Dubai Islamic Economy Development Centre (DIEDC) today signed a memorandum of understanding (MoU) with the Dubai International Financial Centre (DIFCA), the Dubai Financial Market (DFM), and Climate Bonds Initiative (CBI) to collaborate on growing the green sukuk sector and stepping up the exchange of knowledge and expertise in the field.

Statement Of CFTC Chairman Heath Tarbert In Support Of Revisions To The Volcker Rule

Date 16/09/2019

I have voted to approve revisions to the Volcker Rule, among the most well-intentioned but poorly designed regulations in the history of American finance.  My involvement with the Volcker Rule started nearly a decade ago when I served as special counsel to the Senate Banking Committee before the passage of the Dodd-Frank Act.  In fact, I was the staff member responsible for arranging for former Federal Reserve Chairman Paul Volcker to testify before the committee on the original version of the rule that now bears his name.  Having had the opportunity to interact with Chairman Volcker at various points throughout my career, I have always had immense respect for him.  He had a clear-cut vision: banks should be barred from speculating in the markets (a practice known as proprietary trading) and from running hedge funds and private-equity firms.  “If you are doing this stuff,” he would say, “you should not be a commercial bank.”

Moscow Exchange: Risk Parameters Change On Securities Market

Date 16/09/2019

CCP NCC sets the following risk parameters on Securities market starting from September 17, 2019:

In CFTC Action, Former Precious Metal Trader Admits To Engaging In Spoofing At Two New York Banks

Date 16/09/2019

The U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Christian Trunz, a former precious metals trader at two financial institutions who entered into a formal cooperation agreement with the CFTC’s Division of Enforcement and admitted to spoofing in the futures markets. This case was brought in connection with the Division’s Spoofing Task Force. 

Pirelli Confirmed World Sector Leader On The Dow Jones Sustainability Indexes

Date 16/09/2019

Pirelli is confirmed the world leader in Sustainability in the Automobiles and Components sector on the Dow Jones Sustainability World and Europe Indexes. This was the result of the review of the indexes, the variations of which will apply from September 23, which is conducted annually by RobecoSam and S&P Dow Jones.

CFTC Charges Traders At Major U.S. Bank With Manipulating The Precious Metals Futures Markets

Date 16/09/2019

The U.S. Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois against Michael Nowak, of New Jersey, and Gregg Smith, of New York, charging them with spoofing, engaging in a manipulative and deceptive scheme, and attempting to manipulate prices in the precious metals futures markets while employed at a major U.S. bank. This case was brought in connection with the CFTC Division of Enforcement’s Spoofing Task Force. 

Refinitiv Announces The 2019 D&I Index Top 100 Most Diverse & Inclusive Organizations Globally

Date 16/09/2019

• D&I Index measures relative performance against multiple factors that define diverse and inclusive workplaces.
• Industries leading this year’s index include 13 pharmaceutical firms; 11 banking, investment services & insurance; 9 telecommunications services; 7 personal & household products & services.
• United States leads the Top 100 list with 25 firms followed by United Kingdom 10 and Australia 9.
• BlackRock - first to launch an ETF based on the D&I Index. The Matterhorn Group at Morgan Stanley - first advisory team to use the D&I Index as an investment tool.

Deutsche Börse Launches New Investment Intelligence Leader Qontigo - Axioma, Inc. Acquisition Successfully Completed; Combined With Deutsche Börse’s Existing Index Businesses STOXX And DAX

Date 16/09/2019

Deutsche Börse Group is expanding its portfolio with a newly created growth company, Qontigo – a financial intelligence innovator and leader in the modernisation of investment management, from risk to return. This step follows the successful closing of the Axioma acquisition, announced earlier this year, and receipt of required regulatory approvals.

Encompass Corporation AML Penalty Analysis - Over $352.5 Million Of Fines Handed Out Globally In Last Four Months

Date 16/09/2019

Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, recently carried out an analysis of Anti-Money Laundering (AML) related penalties handed down between 1 May and 31 August 2019.

Al Mawared Brokerage's Amman Stock Exchange Weekly Report - 16 September 2019

Date 16/09/2019

Click here to download Al Mawared Brokerage's weekly report on the Amman Stock Exchange (ASE). The Report is designed to give an overview of developments in the Jordan Capital Markets as well as ASE performance indicators.