News Centre

UK’s Serious Fraud Office Charges Barclays Regarding Matters Which Arose In The Context Of Barclays’ Capital Raisings In 2008

Date 20/06/2017

The Serious Fraud Office ("SFO") has today charged Barclays PLC (“Barclays”) with:

• two offences of conspiring with certain former senior officers and employees of Barclays to commit fraud by false representations relating to two advisory services agreements entered into with Qatar Holding LLC in June and October 2008, contrary to Sections 1-2 of the Fraud Act 2006, and Section 1(1) of the Criminal Law Act 1977 (the “ASA Charges”); and
• one offence of unlawful financial assistance contrary to section 151(1) of the Companies Act 1985 in relation to a USD 3 billion loan (the “Loan”) provided to the State of Qatar in November 2008 (together with the ASA Charges, the “Charges”).

UK's Serious Fraud Office Charges In Barclays Qatar Capital Raising Case

Date 20/06/2017

The Serious Fraud Office has today charged Barclays Plc and four individuals with conspiracy to commit fraud and the provision of unlawful financial assistance contrary to the Companies Act 1985.

UK's Financial Conduct Authority Asks For Feedback On Consumer Access To Insurance

Date 20/06/2017

The Financial Conduct Authority (FCA) is seeking views and evidence of the challenges firms face in providing travel insurance for consumers who have, or have had, cancer, and the challenges for these consumers in accessing insurance. The paper is also looking at the reasons for pricing differences in premiums quoted. 

uXchange Launched To Trade Managed Funds

Date 20/06/2017

MA Operator, the fintech for financial advisers, today announced the addition of managed fund exchange platform uXchange to its offering.

SEB Is Issued A Remark And Must Pay An Administrative Fine

Date 20/06/2017

Finansinspektionen (FI) has found that SEB has reported transactions improperly and that there have been deficiencies in the internal control of transaction reporting. SEB is therefore being issued a remark and must pay an administrative fine of SEK 12 million.

Bursa Malaysia-I Welcomes Inter-Pacific Securities Sdn Bhd As Islamic Participating Organisation

Date 20/06/2017

Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) added Inter-Pacific Securities Sdn Bhd (“Inter-Pac Securities”) to its Islamic Participating Organisations (“Islamic POs”) list, making it the 12th stockbroking house partnering with Bursa Malaysia-i.

Swearing-In Remarks Of The 44th Treasurer Of The United States Jovita Carranza

Date 19/06/2017

It's an honor to have the opportunity to speak with you as part of my swearing in ceremony.  I would like to extend a special thank you for attending today's event—from Kentucky, Alabama, Wisconsin and Miami… But, today would not have been possible were it not for the grace of God. 

Remarks Of Secretary Steven T. Mnuchin

Date 19/06/2017

Good morning. It is a pleasure to be here with everyone today for this exciting occasion. I would like to especially welcome Jovita's daughter Klaudene to the Diplomatic Room, one of the most beautiful spaces in the building. Given our surroundings this is a fitting place to welcome Jovita Carranza as the 44th Treasurer of the United States.

MIAX Options - Updated June 2017 Fee Schedule

Date 19/06/2017

Effective June 19, 2017, YAHOO changed its name and trading symbol to Altaba Inc. (AABA).  MIAX Options Exchange has removed YAHOO from the MIAX Select Symbols program and has determined that AABA will not be added.

ISDA Americas Credit Derivatives Determinations Committee: NRG North America LLC Bankruptcy Credit Event

Date 19/06/2017

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a bankruptcy credit event occurred in respect of NRG North America LLC.