News Centre

UK’s Financial Conduct Authority Secures Confiscation Orders Totalling £1.69 Million Against Convicted Insider Dealers

Date 11/05/2018

Today, His Honour Judge Pegden QC sitting at Southwark Crown Court made confiscation orders in the sum of £1,074,236 against Martyn Dodgson and £624,521 against Andrew Hind. The orders must be paid within 3 months or Mr Dodgson will face a further 7 and a half years in prison and Mr Hind will face a further 5 and a half years.  

Barclays: FCA And PRA Publish Final Notices Following Investigation Into Jes Staley

Date 11/05/2018

On 20 April 2018 Barclays announced that the FCA and PRA had issued confidential draft warning notices to Jes Staley, Group Chief Executive Officer of Barclays, in relation to an attempt by Mr Staley in 2016 to identify the author of an anonymous letter.

Thomson Reuters Reports First-Quarter 2018 Results

Date 11/05/2018

Thomson Reuters (TSX/NYSE: TRI) today reported results for the first quarter ended March 31, 2018. The company also issued a full-year 2018 Outlook for its continuing operations and announced a new $500 million share repurchase program.

FSB RCG For Asia Discusses Cross-Border Resolution, Effects Of The Reforms, FinTech Snd RegTech, And Efforts To Reduce Misconduct Risk

Date 11/05/2018

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for Asia met in Kuala Lumpur today at a meeting hosted by Bank Negara Malaysia.

UK Financial Conduct Authority And UK Prudential Regulation Authority Jointly Fine Mr James Staley 642,430 And Announce Special Requirements Regarding Whistleblowing Systems And Controls At Barclays

Date 11/05/2018

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have together fined Mr James Staley, Chief Executive of Barclays Group (Barclays), a total of 642,430. Mr Staley failed to act with due skill, care and diligence in the way he acted in response to an anonymous letter received by Barclays in June 2016. Barclays is also now subject to special requirements by which it must report annually to the regulators detailing how it handles whistleblowing, with personal attestations required from those Senior Managers responsible for the relevant systems and controls.

Hong Kong’s Securities And Futures Commission Adopts IOSCO’s Enhanced Standard For Cross-Border Enforcement Cooperation

Date 11/05/2018

The Securities and Futures Commission has become one of the first signatories to the Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU) of the International Organization of Securities Commissions (IOSCO) for cross-border enforcement cooperation.

IPO On Frankfurt Stock Exchange: NFON Listed In Prime Standard Today

Date 11/05/2018

White & Case Advises Avast On London’s Biggest Ever Software IPO

Date 11/05/2018

Global law firm White & Case LLP has advised Avast, the leading global cybersecurity provider, on its US$816.6 million (£602 million) initial public offering (IPO), the biggest ever software IPO on the London Stock Exchange (LSE).

FTSE Russell Hosts Conference And Publishes White Paper On Poland In Light Of The Upcoming Capital Market Status Reclassification

Date 11/05/2018

• In September 2017, FTSE Russell announced the upgrade of Poland from Emerging to Developed market status. The decision will take effect on 24 September 2018
• To mark the upcoming reclassification of Poland’s capital market, on 11 May 2018, FTSE Russell hosted “Talking Poland - Charting Success, From Emerging to Developed” and published a White Paper on Poland
• Poland’s upgrade to Developed market status represents an acknowledgement of the progress of the Polish economy and capital markets

AxiomSL Honoured By 2018 RegTech Awards For Second Consecutive Year - Firm Receives Awards For “Best Risk Calculation Engine For Regulatory Compliance” And “Most Innovative Use Of A Vendor Solution To Address A Dodd-Frank Requirement”

Date 11/05/2018

AxiomSL, the leading global provider of regulatory reporting, risk and data management solutions, today announced it has been recognized by the 2018 RegTech Awards, which celebrate the year’s leading technologies and third-party vendors. AxiomSL was honored in two categories, “Best Risk Calculation Engine for Regulatory Compliance” and, for two years in a row, “Most Innovative Use of a Vendor Solution to Address a Dodd-Frank Requirement.”