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DTCC Named To The Forbes Best Employers List
Date 16/07/2018
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has been recognized as one of “America’s Best Mid-Size Employers” from Forbes. The designation is a first for DTCC, which has offices in Jersey City, Boston, Dallas and Tampa in the United States and many more around the globe. DTCC was ranked as one of the top 500 companies across 25 industries. Forbes awards the designation based on criteria that includes creating a working environment where employees feel happy, inspired and well-compensated.
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SIFMA To Offer Municipal MAAU Signature Page Storage Service
Date 16/07/2018
SIFMA’s Municipal Securities Division announced today it will implement a new structure for its Master Agreement Among Underwriters (MAAU) for negotiated offerings of municipal securities by offering a signature page storage service. Participating firms will sign an acceptance letter to sign on to the multilateral SIFMA MAAU, and SIFMA will publish a list of firms that have accepted the terms of the MAAU on its website. SIFMA is also fully revising the MAAU for the first time in 16 years, and will release the new version in conjunction with the offering of this new structure.
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ESMA Defines Standards For The Implementation Of The Securitisation Regulation
Date 16/07/2018
The European Securities and Markets Authority (ESMA) has issued today a first set of technical standards under the Securitisation Regulation (SR) containing both draft regulatory and implementing standards (RTS/ITS).
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SEC Charges Oil Company CEO, Board Member With Hiding Personal Loans - Loans From Vendors Helped CEO Meet Margin Calls, Finance Extravagant Lifestyle
Date 16/07/2018
The Securities and Exchange Commission today charged the former CEO of Energy XXI Ltd. with hiding more than $10 million in personal loans that he obtained from company vendors and a candidate for Energy XXI’s board. At the time of the alleged misconduct, Energy XXI was NASDAQ-listed and one of the largest oil and gas producers on the Gulf of Mexico shelf.
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Intergenerational Challenges: What Mike And The Mechanics Can Teach Us About Pensions - Speech By Christopher Woolard, Executive Director Of Strategy And Competition At The FCA, Delivered At The Pensions Policy Institute, London
Date 16/07/2018
Highlights:
- Demographic shifts and economic trends over the last 30 or so years have remade the social contract across the generations – from the difficulties younger people face getting on the housing ladder, to the need for older people to pay for care for longer.
- The question of how to deal with such challenges is not for the regulator to lead, but rather for democratically elected governments. But we do have a role to play.
- With a broad, complicated remit and finite resources, we have to be targeted in our interventions to yield the best results. So we focus on areas where we can have the biggest impact.
- The aim that unifies our pensions work, whether it’s the Asset Management Market Study, Retirement Outcomes Review or Platforms Market Study, is to ensure consumers have the best outcomes possible in retirement.
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CFTC Announces First Whistleblower Award To A Foreign Whistleblower
Date 16/07/2018
The Commodity Futures Trading Commission (CFTC) today announced an award of over $70,000 to a whistleblower who significantly contributed to an ongoing CFTC investigation and led the CFTC to a successful settlement. The award is the first made by the CFTC’s Whistleblower Program to a whistleblower living in a foreign country and the sixth award to a whistleblower who provided valuable information about violations of the Commodity Exchange Act (CEA).
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FESE Publishes The European Exchange Report 2017
Date 16/07/2018
The FESE European Exchange Report is the only direct source of integrated information on Europe’s exchange industry.
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Al Ramz Capital LLC Regrets Falling Short Of DFSA Requirements In 2014
Date 16/07/2018
Al Ramz Capital LLC ("Al Ramz”) notes the DFSA’s decision to fine Al Ramz for failing to fully comply with a DFSA notice to provide information and cooperate during the course of an investigation in 2014 into activities that took place in 2013.
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BME: RESTABELL Becomes New Issuer In MARF
Date 16/07/2018
- The restaurant sector company opens a €15-million bond programme
- Restabell brings to 48 the number of companies that have used MARF, BME’s Fixed Income market for SMEs financing
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Thomson Reuters And FINBOURNE To Develop Cloud-Based Portfolio Hosting For Investment Managers - Strategic Agreement To Build-Out Solution Enabling In-House And Third-Party Vendors To Manage Client-Portfolios Via Cloud Access.
Date 16/07/2018
Thomson Reuters today announced a partnership agreement with London-headquartered FINBOURNE Technology to use FINBOURNE’s cloud-based advanced investment management platform, LUSID®, for Thomson Reuters client and transaction data. LUSID is an event-based ledger with published APIs that allow in-house and third-party solutions to interface with portfolios, holdings or transactions. The partnership is designed to benefit customers by offering increased cost efficiency, better management of data used for compliance efforts and bolster struggling legacy investment-management systems. It builds on Thomson Reuters open-platform strategy, which seeks to meet customer needs by providing open access to in-house solutions as well as to partnered solutions.
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