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Technology And Global Ties: Turning The Tide On Financial Crime - Speech By Christopher Woolard, Executive Director Of Strategy And Competition At The FCA, Delivered At Delivered At The Anti-Money Laundering Techsprint, London

Date 24/05/2018

Highlights:

• The financial system is the gateway through which criminals must pass to make crime pay.
• New technologies have huge potential to monitor, analyse and prevent financial crime.
• A clean, competitive financial system cannot be achieved in isolation – only by working together can we make a real impact.

Kati Eriksson Appointed As A New Member On EDHEC-Risk Institute International Advisory Board

Date 24/05/2018

EDHEC-Risk Institute is pleased to announce that Kati Eriksson, Head of Investments, Aalto University Endowment have joined its international advisory board, which brings together distinguished scholars, representatives of regulatory bodies as well as senior executives from business partners and other leading institutions.

Quincy Data Named Best Low Latency Data/Technology Partner - Recognized For Delivering The Most Wireless Data At The Lowest Known Latency

Date 24/05/2018

Quincy Data, the industry-leading distributor of extremely low latency market data, delivered across the McKay Brothers’ microwave networks, was awarded “Best Low Latency Data/Technology Partner” at the 2018 Inside Market Data/Inside Reference Data Awards ceremony last night in New York.

Shanghai Stock Exchange Regulates Behaviors Of Listed Companies' Controlling Shareholders, Actual Controllers

Date 24/05/2018

Lately, a listed company in the Shanghai market planed to purchase assets of its controlling shareholder at the cost of nearly RMB2.7 billion cash. The release of this scheme immediately attracted widespread market attention. The market generally queried the abnormally high valuation for the underlying asset, and the major shareholder's motive of short-term cash extraction was obvious. With regard to this, the Shanghai Stock Exchange (SSE) carried out an inquisitive enquiry at once and made site inspection together with the securities regulatory bureau. And the company finally terminated the trading on its own initiative due to the great pressure imposed by the regulatory inquiry. It represents a typical case of the SSE to strengthen the regulation on behaviors of controlling shareholders and actual controllers recently.

Anneli Tuominen Reappointed Vice Chair Of ESMA

Date 24/05/2018

The Board of Supervisors of the European Securities and Markets Authority (ESMA) has reappointed Anneli Tuominen as its Vice Chair. Ms. Tuominen, who is the Director-General of the Finnish Finanssivalvonta (FIN-FSA), will serve a further 2½ year term effective immediately.  

National Settlement Depository And Sberbank Test ICO Technology At Bank Of Russia’s Regulatory Platform

Date 24/05/2018

Sberbank CIB, Sberbank’s corporate and investment banking business, and National Settlement Depository (NSD), Russia’s central securities depository, announce the intention to test an Initial Coin Offering (ICO) technology at the Bank of Russia’s regulatory platform. Level One, a company that manages Moscow’s biggest commercial lecture hall, will be the issuer.

Japan's Financial Services Agency: Public Consultation On The Exposure Draft Of The Revision Of The Audit Standards

Date 24/05/2018

The Audit Standard Committee of the Business Accounting Council (Chairman: Mr. Takatoshi Iyoda, Professor of the Center for Education in General Studies at Konan University) has published the Exposure Draft of the revision of the Audit Standards.

Catena Media Makes Strategic Push Into Global Forex With Addition Of ForexTraders.com

Date 24/05/2018

Catena Media plc is paving the way for its global ambition to become a leader in quality content generation, and subsequent lead generation, in financial services. The acquisition of Forextraders.com, Forexcharts.net and Forexindicators.net, alongside additional sites, lays the foundation for the global ambition within foreign exchange trading content and lead generation.

NorthRow To Verify International Users For UK Open Banking

Date 24/05/2018

NorthRow (a Contego solutions business), the RegTech and compliance specialist, has been chosen by the UK’s Open Banking Implementation Entity (the ‘OBIE’), to verify its users in the European Union and the rest of the world. The move follows the successful implementation of verification processes for UK users, streamlining services for customers.

Abu Dhabi Global Market And Astana International Financial Centre Financial Services Authority (AIFC-AFSA) Signed Agreement To Enhance Cooperation On Financial Markets

Date 24/05/2018

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Astana Financial Service Authority of Astana International Financial Centre (AFSA-AIFC) have signed a Memorandum of Understanding (MoU) at the side of the Annual Conference of the International Organisation of Securities Commissions (IOSCO) held in Budapest.